KuCoin Launches KuCoin Pay for Direct Crypto Payments via QR Code
KuCoin has launched a feature for merchants that enables customers to pay directly from their accounts on the exchange. This tool, named KuCoin Pay, can be integrated into merchants' payment systems. Customers can make payments by scanning a QR code or using the KuCoin app.
This initiative aligns with efforts by various crypto payment providers to facilitate direct payments, bridging the gap between cryptocurrency and traditional payment infrastructures. In August, Flexa announced a similar product, partnering with retailers such as Chipotle, Mikimoto, Regal Cinemas, and 99 Ranch Market.
KuCoin Pay supports 54 cryptocurrencies, including bitcoin, ether, and stablecoins like USDT and USDC.
Several merchants are expected to launch this feature in January, although their identities remain undisclosed.