In a partnership aimed at bridging the gap between crypto payments and real world utilities, KuCoin Pay, on Tuesday, announced its collaboration with Uquid, one of the largest decentralized e-commerce platforms founded in 2016. This comes as a first partnership for KuCoin Pay, the recently launched advance payment system developed by Seychelles-based exchange, KuCoin, to advance seamless crypto payments.
Not only does it intend to popularise the adoption of KuCoin Pay, this partnership will also give users a chance to purchase over 510,000 digital products of Uquid – by a single swipe in the newly launched Uquid MiniApp section of the KuCoin app. For KuCoin, this comes as positive growth news considering the fact that last week only, its core entity, PEKEN Global Limited that operates KuCoin, pleaded guilty to charges of operating an unlicensed transmitting business. After the pronouncement, it agreed to exit the US markets for two years and pay penalties of around $300 million.
KuCoin Pay advancing the seamless crypto payments
KuCoin pay, one of the latest services launched by KuCoin Exchange in January this year, allows free and fast transactions with zero costs. It allows users to make crypto payments in any of the 54 cryptocurrencies that KuCoin Pay supports across different Blockchain networks, with major digital assets supported being BTC, ETH, USDT, KCS, and more. Since paying via KuCoin only involves four simple steps, this partnership with Uquid pay can make Crypto shopping more flexible and easier. The partnership with Uquid under its new CEO BC Wong, comes only a few days after it forged a strategic partnership with Kaia to enhance the Blockchain ecosystem. With benefits such as no currency conversion issues for international shipping and no requirement to share bank details – enhancing Privacy & security, the decentralised way of crypto shopping has been witnessing quick adoption among the crypto masses.
How will this make crypto shopping versatile
Uquid, the popular de-centralised e-commerce platform, offers its customers around 170M+ physical products, 520k+ digital products & access to NFTs. The shopping categories include Men’s clothing, Women’s clothing, Computer & Office, Sports & Entertainment, Jewelry & Accessories. Furthermore, it also gives the option of ‘Buy Now and Pay Later in 3’ for its customers – where customers can make an interest-free payment by delaying the payment in 3 installments for 90 days. By supporting 11 Blockchains on its platform, it also allows its users to make Water Bill Payments (in Indonesia) and public transport payments (in Argentina) – by using USDT on TRON.
This partnership, coming after Uquid’s integration of Binance Pay in 2021 and that of Gate Pay in 2022, will seamlessly accelerate the integration of Blockchain capabilities with real world commerce.
Customers can access KuCoin payment option via browsing to Uquid shop and choosing KuCoin Pay as the payment option after “checking out for their preferred item”. It can also be accessed by the KuCoin Mobile App as the Web3 e-commerce platform, Uquid, has launched Uquid MiniApp in the KuCoin Pay section of the App.
UQUID NOW ACCEPTS KUCOIN PAY
We are thrilled to announce that Uquid has collaborated with @kucoincom and became the first shopping platform to accept KuCoin Pay as a new payment method. Additionally, Uquid Shop has also launched on KuCoin mobile app in KuCoin Pay section.… pic.twitter.com/Sq18HDZKa8
— UQUID – Web3 Shopping Infrastructure (@uquidcard) February 4, 2025
Thus, as KuCoin seeks to expand to more global e-commerce platforms alongwith DeFi & Web3 expansions, the benefits and the ease of crypto shopping are set to be reaped by the masses.
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