For wider adoption, crypto payments must be made across both traditional and crypto networks, and Kucoin is now offering this with its new Kucard.
Two separate realms
At present, two distinct worlds exist: traditional banking and the crypto industry. The merger of these two realms signals widespread crypto adoption.
A continued battle
Despite Gary Gensler’s ongoing push against crypto, the industry keeps developing technology to make investing easier for the general public. In this state of flux, Kucoin has introduced a payments card allowing customers to spend crypto worldwide.
The Kucard
Kucoin’s Kucard lets users spend their cryptocurrency as local fiat currency wherever purchases are made, thanks to the instant conversion of crypto into local currency. Initially, users in the European Economic Area can use the card, with a global launch planned. Users will also receive cashback in cryptocurrency and a Black Friday promotion.
A smooth connection
KuCoin CEO Johnny Lyu believes the KuCard launch is a significant milestone for both KuCoin and the crypto industry, highlighting the crucial role of crypto debit cards in accelerating mass adoption.
Hot Take:
Thanks to Kucoin’s Kucard, you can now seamlessly bridge digital assets and traditional banking, spending your cryptocurrency with ease while enjoying the benefits of a traditional debit card.
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