KuCoin has integrated advanced payment solutions with AEON to enhance mobile commerce, allowing for faster and more secure cryptocurrency payments across Asia.
KuCoin Enhances Point-of-Sale Mobile Payments With ‘AEON’
KuCoin is exploring how to accelerate crypto adoption by allowing users to easily spend their cryptocurrency when carrying out day-to-day transactions.
Crypto adoption has been increasing globally, with many countries embracing digital currencies.
According to a report, over 2 billion people worldwide have access to cryptocurrencies through mobile wallets and exchanges.
The growth is driven by improved infrastructure, regulatory clarity, and increased awareness about crypto benefits.
In 2020, Google search volume for 'bitcoin' surpassed that of major financial institutions, indicating growing interest in digital currencies.
Expanding Mobile Payment Options Across Asia
The Seychelles-headquartered exchange has rolled out its merchant service, KuCoin Pay, across ‘high-growing Asian markets’ initially, with plans to expand beyond that in the future. The service enables merchants to integrate it into their systems and enable cryptocurrency payments.
Faster and More Secure Mobile Payments
KuCoin Pay has tapped payment protocol ‘AEON’ to allow users to pay for goods and services online and in-store using cryptocurrencies such as bitcoin, ether, stablecoins USDT and USDC. This tie-up is intended to drive user adoption through offering faster and more secure mobile payments across all major blockchains.
Accelerating Crypto Adoption
KuCoin, like other crypto firms, is exploring how it can accelerate crypto adoption by allowing users to easily spend cryptocurrency when carrying out day-to-day transactions. The introduction of KuCoin Pay and its partnership with ‘AEON’ marks an important step towards making cryptocurrencies more accessible and user-friendly for everyday use cases.
- coindesk.com | KuCoin Enhances Point of Sale Mobile Payments With AEON
