KuCoin P2P exchange has not added support for a new payment option on the fiat market starting on June 24. The users of the platform can now purchase leading cryptocurrencies such as ETH, USDT, and BTC with US Dollars through PayPal. The inclusion of new options will add support to the number of fiat payment options available on the KuCoin P2P exchange which so far added Indonesian Rupiah, Chinese Yuan, and the Vietnamese Dong as well as the Canadian dollar, as we are reading more in the blockchain news below.
To access this service, you can visit the "Buy Crypto with Credit Card" page on KuCoin: https://t.co/C1Qbl7GQzA
— KUCOIN (@kucoincom) June 12, 2020
Being a popular international currency, the US dollar is one of the few mainstream and important fiat currencies in the world. It makes up the majority of the crypto-related transactions and according to the data, about 63% of transactions between Bitcoin and fiat currency, happen in the US Dollar. By including the US dollar option on the Fiat marketplace, will add more convenience to the users by enabling more people to purchase crypto thus promoting the mass adoption of crypto and their underlying blockchain technology. CEO Johnny Lyu said:
“As one of the most globalized cryptocurrency exchanges, KuCoin has been expanding its fiat gateways. Now, our P2P Fiat Market supports Chinese Yuan (CNY), Indonesian Rupiah (IDR), Vietnamese Dong (VND), Canadian Dollar (CAD), and US Dollar (USD), the 5 mainstream fiat currencies. We also support 50 fiat currencies like EUR and AUD through our partnerships with Simplex, Banxa and PayMIR. In the future, we will continue to further our work towards globalization, enabling more users worldwide to enjoy the services we provide here at KuCoin, ultimately helping more users enter the crypto world.”
The latest announcement comes with the first-anniversary celebration of the KuCoin P2P fiat market and also plans on launching other campaigns to promote the inclusion of USD payment support. As previously reported, KuCoin is a global cryptocurrency exchange that offers a variety of digital assets and currencies. It is actually dubbed ‘The People’s Exchange’ and was launched in September 2017, initially based out of China but moving its headquarters to Hong Kong sooner after that for its crypto-friendly regulations.
Ever since then, the exchange managed to grow to over 5 million users from over 100 different countries. The daily trading volume of over $320 million is now a serious number to look out for. As KuCoin announces the new DASH trading pair, we can see that the Dash news is promising a good period for traders.
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