KuCoin offers support for the Australian Dollar (AUD) and the British Pound (GBP) after the latest partnership with the on-ramp service Banxa as we are reading further in the latest blockchain news.
KuCoin is an IDG-backed crypto exchange that partnered with Banxa to launch the instant fiat to crypto conversion for all of the users. The new partnership allows the customers of the exchange to purchase BTC and Ethereum with the Australian Dollar and the British Pound using debit or credit card and bank transfers via the strong newsagent network. Banxa is now adding more payment options to its platform with the goal to make the service available to users around the world. The CEO at Banxa Holger Arians said:
“KuCoin has been an outstanding partner for Banxa and we are very excited to launch this service together. Today, every serious crypto industry player should have fiat to crypto gateway integrated into their platform. Banxa allows exchanges, wallets and other industry players such as news websites, etc. to own their users end-to-end and rely on a unique payment network which deals with global compliance and regulation.”
With zero chargebacks and an easily integrated API, the crypto exchanges and wallet providers along with KuCoin offer their customers an easy way to purchase cryptocurrency. Banxa takes care of all of the regulations and the payment integrations along with fraud management. The CEO explained:
“At KuCoin, bringing blockchain technology and cryptocurrency to the masses is our ultimate goal. To this end, offering more fiat to crypto gateways will provide a robust boost,” said Michael Gan, CEO at KuCoin. “We are delighted to join hands with Banxa to provide our users in Australia and the UK a much easier way into the crypto world. We plan to extend this service to more tokens, fiats, and countries soon.”
The fiat to crypto transactions is essential for many people in the crypto world. Earlier this year, KuCoin launched the peer-to-peer OTC platform thus allowing the users to buy BTC, USDT, and PAX with CNY. Banxa is also an internationally compliant fiat-to-crypto gateway solution for the exchanges, wallets and other businesses that operate in the ecosystem.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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