KuCoin has launched a new point-of-sale system that allows its users to pay businesses using their exchange balances.
The system, called KuCoin Pay, enables merchants to integrate crypto payments into their systems and gives customers the option to pay by scanning a QR code or using the KuCoin application.
With support for 54 different crypto assets, including popular ones like Bitcoin, Ether, Tether, and USD Coin, this new feature opens up new opportunities for businesses to tap into KuCoin’s large user base and simplifies the buying process for customers.
The seamless checkout process also promotes wider adoption of crypto assets. This launch by KuCoin comes at a time when the crypto payments sector is experiencing significant growth, evidenced by the recent introduction of stablecoin payment options by Stripe on Oct. 9.
The strong adoption of this new payment option by users from 70 countries highlights the growing demand for alternative payment systems in the crypto space.
