On January 2, 2025, global cryptocurrency exchange KuCoin launched its new payment solution, KuCoin Pay, aimed at integrating crypto transactions into retail. This system enables businesses to accept payments in approximately 54 cryptocurrencies, including Bitcoin (BTC) priced at $96,664 and Ether (ETH) at $3,461.15, facilitating contactless and borderless transactions.
KuCoin Pay simplifies the payment process for over 37 million users worldwide, allowing customers to complete purchases by scanning a QR code or using the KuCoin app. The new tool is designed to reduce transaction fees and ensure instant settlements, thereby promoting wider adoption of cryptocurrencies in everyday commerce.
In the context of expanding crypto payments, notable developments include Stripe's introduction of stablecoin payment options on October 9, 2024, and Wirex's launch of Wirex Pay on the same day. Additionally, FV Bank announced debit and corporate credit cards in partnership with Visa on October 28, 2024, enabling customers to access both digital assets and US dollars.
Furthermore, Sheetz expanded its crypto payment support in November 2024, partnering with Flexa to enable transactions in 750 US locations, accepting various cryptocurrencies including USDC and BTC.