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Global cryptocurrency platform KuCoin has announced that its payment arm, KuCoin Pay, has partnered with Swiss-based cryptocurrency services provider DFX.swiss to launch crypto-to-fiat integrations in Switzerland. The collaboration enables users to pay with stablecoins and other cryptocurrencies at more than 100 SPAR stores through DFX.swiss's OpenCryptoQR system.
The partnership combines KuCoin Pay's technology with DFX.swiss's infrastructure to bridge digital assets with daily retail spending, transforming cryptocurrencies from investment tools into practical payment methods for activities such as grocery shopping. The system maintains user control through secure, non-custodial mechanisms.
Key features include zero gas fees for users, instant fiat settlements for merchants without conversion processes, and lower commission fees compared to traditional payment methods. Payments are completed by scanning the OpenCryptoQR code through the KuCoin app, providing quick and secure transactions.
KuCoin Pay supports over 50 cryptocurrencies including KCS, USDT, USDC, and BTC, delivering payment solutions to KuCoin's 41 million global users. The service has been expanding into retail, e-commerce, global travel bookings, gaming, coupons, and gift cards.
DFX AG is based in Zug, Switzerland, and operates as a provider of cryptocurrency services between traditional banking systems and the crypto ecosystem. The company operates an open-source-based fiat on- and off-ramp platform enabling transactions to and from self-hosted wallets, supporting MetaMask, Rabby Wallet, WalletConnect, and hardware wallets from Ledger, Trezor, and BitBox.
Raymond Ngai, KuCoin Pay Lead, stated:
"We are thrilled to partner with DFX.swiss, whose innovative gateway supports popular payment methods while ensuring compliance with Swiss financial regulations. At KuCoin Pay, we are committed to making crypto part of daily life, enhancing its real-world utility, and creating seamless shopping experiences for our 41 million global users by bridging traditional retail and digital asset payments."
Cyrill Thommen, Founder and CEO of DFX.swiss
Cyrill Thommen, Founder and CEO of DFX.swiss, added:
"The collaboration with KuCoin Pay is another step towards advancing crypto payments internationally. Our mission at DFX.swiss is to make digital assets accessible and usable in everyday life. With KuCoin Pay, we are creating an easy way for that. This is an important step towards a future in which digital payments are common and widespread."
The partnership supports payments and withdrawals in multiple currencies via interfaces including SEPA, SWIFT, Visa, Mastercard, Google Pay, and Apple Pay. KuCoin Pay recently launched its on-chain solution to complement off-chain services, providing a decentralised framework for direct cryptocurrency payments.
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