KuCoin goes direct: this on-chain payment solution enables middleman-free deals between consumers & merchants.
KuCoin, one of the three largest crypto exchanges across the globe, has just launched their cutting-edge on-chain payment solution, crossing out the middleman. Announced today, KuCoin’s crypto payment arm KuCoin Pay is now empowering both business merchants & crypto consumers to transact in between themselves with a decentralized framework.
KuCoin’s On-Chain Solution Solves These Key Issues
Putting these payments directly onto the blockchain, these wallet-to-wallet transactions employ a comprehensive anti-money laundering (AML) compliance system. Besides, this new DeFi infrastructure delivers the inherent blockchain speed, security & transparency. The first digital assets supporting KuCoin Pay’s on-chain payment solution are Bitcoin, Ethereum & USDT.
From a merchant’s perspective, this on-chain payment solution reduces the possibility of fraud & unauthorized chargebacks to a minimum, as all transfers on the chain are irreversible. By integrating KuCoin’s Pay solution, merchants are guaranteed to stay ahead of the game by offering their customers top-notch modern payment solutions.
Bridging Bitcoin (BTC), Ethereum (ETH) & popular stablecoins with everyday commerce, the on-chain solution enables users to checkout with direct crypto payments anywhere across the globe. In this bold adoption move, KuCoin strives to bolster borderless crypto currency accessibility.
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