KuCoin Unveils New KuCoin Pay PoS System, Allowing Merchants to Integrate Crypto Payments

Crypto exchange KuCoin has introduced a new point-of-sale (PoS) system that allows its users to make payments to businesses using their exchange balances.

Cryptocurrency exchange KuCoin has launched a new point-of-sale (PoS) system that will allow its users to make payments to businesses using their exchange balances.

The exchange announced the launch of its “KuCoin Pay” tool on Monday, which will enable merchants to integrate cryptocurrency payments into their systems. This will allow their customers to complete purchases by either scanning a QR code or using the KuCoin application.

According to KuCoin, the new feature supports around 54 crypto assets, including Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC).

The exchange said that its new feature will “open new opportunities” for merchants. It claims that the feature will allow businesses to tap into KuCoin’s user base, and it simplifies the buying process for users.

It also said the feature enables a seamless checkout process, promoting more widespread adoption of crypto assets.

Crypto payments saw a wave of developments in Q4 2024

KuCoin’s latest offering comes as part of a wave of developments in the crypto payments sector during the fourth quarter of 2024.

On Oct. 9, payments provider Stripe rolled out stablecoin payment options using USDC. The platform saw users from 70 countries adopt its new payment option on the first rollout day, highlighting strong demand for alternative payment systems.

On the same day, Web3 money app Wirex launched its Wirex Pay service, a modular payment chain that allows users to make everyday payments with their crypto assets using their non-custodial wallets. The service gives users complete control of their funds through various security features.

On Oct. 28, fintech firm FV Bank launched debit and corporate credit cards in partnership with Visa. The cards allow its customers to have access to both digital assets and US dollars. The card accepts stablecoins like USDC and USDT and crypto assets held in custody accounts, including BTC, ETH, Polygon (MATIC), Dogecoin (DOGE) and Polkadot (DOT).

In November, United States store chain Sheetz expanded its crypto payments support by partnering with the digital assets payment provider Flexa. The partnership brought crypto payments to the chain’s 750 locations in the US. The company said that users can pay using USDC, BTC, ETH, Litecoin (LTC) and other crypto assets supported by Flexa.