KuCoin Enhances Point-of-Sale Mobile Payments With AEON

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Crypto exchange KuCoin’s merchant service is enhancing its provision for users to complete mobile transactions with cryptocurrency.

KuCoin Pay has tapped payment protocol AEON to allow users to pay for goods and services online and in-store using cryptos such as bitcoin BTC, ether ETH and stablecoins USDT and USDC, according to an emailed announcement on Tuesday.

The service is being rolled out across “high-growing Asian markets” initially with plans to expand in the future, a KuCoin spokesperson told CoinDesk via Telegram.

KuCoin, like other crypto firms, is exploring how it can accelerate crypto adoption by allowing users to easily spend cryptocurrency when carrying out day-to-day transactions.

The Seychelles-headquartered exchange unveiled KuCoin Pay at the start of this year, allowing merchants to integrate it into their systems and enable cryptocurrency payments. The tie-up with AEON is intended to drive user adoption through offering faster and more secure mobile payments across all major blockchains.

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