What You Need to Know:

• KuCoin has launched a point-of-sale system enabling customers to make payments using their account cryptocurrencies.
• The new feature, named KuCoin Pay, supports 54 cryptocurrencies including Bitcoin, Ether, USDT, and USDC.

KuCoin has rolled out a system that permits merchants to accept payments directly via crypto from users' accounts. Merchants can easily integrate this tool, named KuCoin Pay, into their payment setups, allowing customers to pay by scanning a QR code or using the KuCoin application.

This initiative places KuCoin among various crypto payment providers working to establish a seamless connection between cryptocurrency and conventional payment systems.

For instance, in August, Flexa, a digital payment platform, introduced a similar functionality in collaboration with retailers like Chipotle, Mikimoto, Regal Cinemas, and 99 Ranch Market.

The new payment infrastructure includes support for 54 different cryptocurrencies including BTC, ETH, as well as stablecoins like USDT and USDC. Several merchants are set to adopt this feature starting in January, although their identities remain undisclosed at the moment.