KuCoin Pay Launches On-Chain Crypto Payment Solution

• The solution is a game-changer for cryptocurrency commerce since it is supported by KuCoin’s regulated and trustworthy ecosystem.
• Turnkey white-label integration is a feature of the On-Chain Payment Solution, which was developed with the intention of being used by small and medium-sized merchants.

One of the most prominent cryptocurrency exchanges in the world, KuCoin, made the announcement today that its cryptocurrency payment division, KuCoin Pay, has launched its On-Chain Payment Solution. For the purpose of facilitating direct crypto payments on the blockchain, this provides a decentralized framework that empowers both customers and merchants. Through the use of an all-encompassing anti-money laundering compliance system, it is possible to conduct transactions between wallets without the need for intermediaries, hence offering the inherent speed, security, and transparency that are associated with decentralized systems.

The solution is a game-changer for cryptocurrency commerce since it is supported by KuCoin’s regulated and trustworthy ecosystem. It enables quick settlements by providing a smooth on-chain payment system that is accomplished by direct wallet-to-wallet transfers. With support for many blockchains, KuCoin Pay is compatible with the most prominent blockchains and can handle a wide range of preferred assets, including Bitcoin, USDT, USDC, and others. Users benefit from low-cost structures, paying just gas costs, while merchants get smooth access to the worldwide market along with easy-to-integrate APIs and payment capability. Users also benefit from low-cost structures.

Turnkey white-label integration is a feature of the On-Chain Payment Solution, which was developed with the intention of being used by small and medium-sized merchants, including those that operate e-commerce websites and retail stores. Because of this, companies are able to establish customized cryptocurrency payment systems without building the infrastructure from the ground up. This helps them to maintain their brand identity while simplifying onboarding, lowering technical complexity, and speeding up their time to market. The service provides merchants with the ability to limit the risks of fraud and chargebacks by using irreversible transactions. Additionally, it enables merchants to get access to a rapidly expanding crypto user base and the opportunity to develop novel business models. Merchants have the ability to build consumer loyalty while also establishing themselves at the forefront of the Web3 and DeFi trend by providing current payment choices.

A competitive advantage over conventional suppliers is provided by the benefits of white-label. For consumers, the solution provides a smooth checkout experience along with direct cryptocurrency payments, which gives them more control over their assets. They are able to choose from a broad variety of assets, like as Bitcoin, Ethereum, and stablecoins, and they may reap the benefits of borderless accessibility regardless of where they are located in the globe.

Kumiko Ho, Head of Payment Business at KuCoin stated:

“This On-Chain Payment Solution marks a pivotal advancement in bridging cryptocurrency with everyday commerce. With its turnkey white-label capabilities, it empowers merchants to integrate crypto payments effortlessly while maintaining brand integrity. By prioritizing direct, secure, and cost-effective transactions, we’re not only enhancing trust and efficiency but also driving responsible innovation to make crypto accessible for all.”