- KuCoin expands its crypto payment service for mobile transactions.
- KuCoin Pay partners with payment protocol AEON to support spending of Bitcoin, ether, and stablecoins.
- The new feature initially targets rapidly growing markets in Asia, with plans for broader expansion.
- Merchants can now integrate KuCoin Pay into their payment systems for online and in-store crypto transactions.
- The integration aims to boost crypto adoption by offering faster and more secure mobile payments across major blockchains.
KuCoin, a cryptocurrency exchange headquartered in Seychelles, is rolling out an enhanced mobile crypto payment service for users in select Asian countries. The company announced on Tuesday that its KuCoin Pay feature now allows customers to make both online and in-store purchases using popular cryptocurrencies such as bitcoin, ether, and the stablecoins USDT and USDC.
The improvement comes through KuCoin Pay’s collaboration with payment protocol AEON. According to the emailed statement, the service is first launching in high-growth Asian markets. A spokesperson for KuCoin stated via Telegram that there are plans to expand the offering to new regions in the future.
With this upgrade, merchants can incorporate KuCoin Pay into their payment platforms, providing customers the option to pay directly with cryptocurrency for everyday goods and services. The AEON partnership is designed to ensure mobile transactions are completed quickly and securely across all leading blockchain networks.
Like other crypto firms, KuCoin is exploring how streamlined mobile crypto payments can help increase wider adoption of digital currencies for daily use. The exchange released KuCoin Pay earlier this year, focusing on ease of integration for merchants and broad accessibility for crypto users.
According to KuCoin, the connection with AEON will drive user participation by making it easier to use digital assets in real-world purchases. The solution seeks to combine the convenience of mobile payments with the security provided by blockchain technology.
Additional efforts within the crypto payments sector include new funding and expansion by other industry players, such as Lyzi, which recently raised $1.4 million to increase its Tezos-based-crypto-payments-service-for-retail/”>Tezos-based crypto payments service for retail.
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