KuCoin Pay Introduces On-Chain Payment Solution For Merchants And Consumers, Expanding Access To Crypto Payments
Cryptocurrency trade KuCoin introduced that its fee division, KuCoin Pay, has launched an On-Chain Payment Solution designed to facilitate direct cryptocurrency transactions on the blockchain.
The framework permits retailers and customers to finish wallet-to-wallet transfers with out intermediaries, incorporating Anti-Money Laundering (AML) compliance mechanisms whereas sustaining the effectivity, safety, and transparency of decentralized techniques.
Supported by KuCoin’s regulated ecosystem, the answer gives multi-chain compatibility and accepts belongings equivalent to BTC, ETH, USDT, and USDC. Transactions settle immediately, with customers paying solely gasoline charges, whereas retailers achieve entry to a world buyer base, together with integration instruments equivalent to software programming interfaces (APIs) and payout capabilities.
KuCoin Pay’s White-Label On-Chain Solution Empowers SMEs With Secure, Customizable Crypto Payments And Fraud Protection
The product is tailor-made for adoption by small and medium-sized companies throughout each e-commerce and retail sectors. Its turnkey white-label mannequin allows firms to deploy custom-made cryptocurrency fee options with out constructing infrastructure from the bottom up, preserving model id and lowering technical limitations.
Merchants profit from safety towards chargebacks and fraud by irreversible transactions, whereas customers take pleasure in streamlined checkout experiences and higher management over their belongings. By increasing fee choices and bettering accessibility, the answer creates alternatives for modern enterprise fashions and positions retailers to interact with the rising Web3 and decentralized finance (DeFi) ecosystem.
“The On-Chain Payment Solution marks a pivotal step in bridging cryptocurrency with on a regular basis commerce. With its turnkey white-label capabilities, it allows retailers to combine crypto funds seamlessly whereas preserving model integrity,” stated Kumiko Ho, Head of Payment Business at KuCoin, in a written assertion. “By prioritizing direct, safe, and cost-effective transactions, we aren’t solely strengthening belief and effectivity but in addition fostering accountable innovation to make crypto accessible to everybody,” she added.
KuCoin Pay introduces a merchant-focused fee framework that enables companies to simply accept cryptocurrency for each digital and bodily gross sales, supporting greater than 50 belongings equivalent to KCS, USDT, USDC, and BTC whereas offering quick, safe, and globally accessible transactions.
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