Cryptocurrency exchange KuCoin just announced KuCoin Pay, which is a new payment platform designed to help merchants accept cryptocurrency transactions. KuCoin Pay is integrated with the KuCoin (KCS) app, which is used by over 37 million people globally. By leveraging…
Cryptocurrency exchange KuCoin just announced KuCoin Pay, which is a new payment platform designed to help merchants accept cryptocurrency transactions.
According to the company release, customers can make payments by scanning a QR code or directly through the app.
Users can pay for items like gift cards or mobile top-ups, which could help normalize using cryptocurrencies in daily life.
For businesses, setting up KuCoin Pay is straightforward. Merchants add the system into their existing payment platforms, making it easy to start accepting crypto alongside traditional payments.
Crypto payments work by using blockchain technology to process transactions. Unlike traditional payment methods, blockchain enables direct peer-to-peer transfers, often with lower fees.
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KuCoin launches new crypto payment solution for merchants – CoinMarketCap
