Launched in January this year, KuCoin Pay, a crypto payment solution developed by global crypto exchange KuCoin, has announced a strategic partnership with AEON to advance Web3 mobile payment solutions. By. A.R.M. Kumar. Updated Apr 18, 2024 at 1:13 a.m. PDT.
KuCoin Pay has partnered with AEON to expand crypto payment solutions, enabling users to make transactions with digital assets at both physical and online merchants.
Launched in January this year, crypto payment solution KuCoin Pay, developed by global crypto exchange KuCoin, has announced a strategic partnership with AEON to advance Web3 mobile payment solutions.
The integration with AEON’s chain-agnostic platform now allows KuCoin Pay users to spend Tether (USDT), USDC Coin (USDC), Ethereum (ETH), Ton (TON), and Binance Coin (BNB) in both physical stores and on digital platforms. The system also enables automated recurring payments, such as subscriptions and scheduled transactions.
For AEON, a Web3 crypto payment infrastructure solution, the partnership with KuCoin comes on the heels of another major collaboration aimed at expanding Web3 payment adoption—its strategic alliance with Stellar (XLM). Through that partnership, AEON has integrated support for Stellar-native assets, including XLM and USDC issued on the Stellar network, into its AEON Pay mobile solution.
The partnership between KuCoin Pay and AEON is part of a broader trend where crypto trading companies are forming partnerships to enable merchants to accept crypto payments in both retail and e-commerce sectors, helping to further bridge the gap between traditional and Web3 payments.
In April this year, another leading crypto exchange Kraken teamed up with Mastercard to enable crypto payments at over 150 million merchants across the UK and Europe. This collaboration will leverage Kraken Pay, a feature similar to KuCoin Pay.
Earlier this month, Bitget Wallet also partnered with Paydify to enable stablecoin payments at select physical and online merchants, aiming to onboard over 10,000 businesses and expand real-world crypto utility through USDT and USDC transactions.
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