KuCoin, a prominent cryptocurrency exchange, has announced the launch of its on-chain payment solution through its department KuCoin Pay. This solution enables direct wallet-to-wallet transactions using cryptocurrencies.
Overview of KuCoin Pay Solution
The on-chain payment solution allows for fast and secure transactions without the need for intermediaries. Users will be able to exchange cryptocurrencies like BTC, ETH, USDT, and USDC across multiple blockchains, with costs limited to gas fees. The ease of API integration and payout capabilities enable merchants to quickly access a global marketplace.
Advantages for Commercial Organizations
KuCoin Pay is aimed at small and medium-sized businesses, including both online and physical stores. Merchants can customize the payment interface to reflect their brand, minimizing infrastructure development costs. Such blockchain transactions mitigate fraud risks, ensuring security for businesses.
Consumer Control Over Finances
The on-chain payment solution provides users with complete control over their funds, allowing transactions to be made directly through their wallets without banking intermediaries. This solution is scalable and compatible with multiple assets, making digital trade accessible regardless of location.
KuCoin's new initiative to introduce on-chain payments signifies a significant advancement in integrating cryptocurrency into everyday commerce. This solution aims to open new opportunities for businesses and enhance user experience.
