KuCoin has introduced a payment system that will let crypto holders make direct purchases using their account on the trading platform.
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.
KuCoin said its “KuCoin Pay” tool will allow merchants to integrate crypto payments into their systems. It would let their customers complete purchases by scanning a QR code or using the KuCoin application.
According to KuCoin, the new feature supports approximately 54 crypto assets, including Bitcoin (BTC), Ether (ETH), Tether (USDT) and USD Coin (USDC).
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