KuCoin launches KuCoin Pay, enabling QR-code crypto point-of-sale payments and revolutionizing retail

It’s been some time since we last featured KuCoin, one of the best cryptocurrency exchanges known for enabling trades in Bitcoin, Ethereum, and over 700 altcoins. In recent months, the KuCoin team has been quietly working on its new offerings, and now crypto exchange is back in the spotlight with an exciting update.

Today, KuCoin announced the launch of KuCoin Pay, a point-of-sale system that enables customers to pay merchants directly with crypto from their exchange accounts.

The system, KuCoin Pay, allows businesses to accept crypto payments directly from customers’ KuCoin accounts. It supports 54 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT and USDC. The goal? To bring crypto payments into mainstream retail.

This latest offering connects traditional retail with the growing world of crypto, enabling seamless, secure, and contactless transactions. Backed by KuCoin’s infrastructure, trusted by over 37 million users globally, the platform opens up fresh opportunities for both businesses and consumers.

One of the standout features of KuCoin Pay is its focus on reducing transaction fees and enabling instant payment settlements. By supporting a broad range of cryptocurrencies and blockchain networks, it extends the reach of crypto payments on a global scale.

Merchants can easily integrate KuCoin Pay into their systems, allowing customers to pay by scanning a QR code or using the KuCoin app. This integration ensures smooth checkouts, improving the overall shopping experience and boosting confidence in crypto transactions.

KuCoin Pay is also built into the KuCoin app, giving businesses access to KuCoin’s extensive user base while simplifying everyday purchases like mobile top-ups or gift cards. This practical approach further accelerates the adoption of crypto in day-to-day transactions.

In the broader landscape of crypto payments, KuCoin joins other players like Flexa, which rolled out a similar service in August with partners such as Chipotle, Mikimoto, and Regal Cinemas.

For KuCoin, this launch represents a major step forward in making cryptocurrency more accessible to the masses. It’s another move in the company’s mission to advance the blockchain ecosystem.

Since its founding in 2017, the the Seychelles-based KuCoin has become a recognized name in the digital economy, offering wallets, trading, payments, wealth management tools, and more. With over 37 million users, the platform continues to lead with a focus on user experience and accessibility. KuCoin has earned accolades such as “Best Crypto Apps & Exchanges” by Forbes and was named one of the “Top 50 Global Unicorns” by Hurun in 2024, reflecting its consistent commitment to innovation and service excellence.