For wider adoption, cryptocurrency payments must be made across both traditional and cryptocurrency networks, and Kucoin is now offering this with its new Kucard.
Two separate realms
As of now, two distinct worlds exist: traditional banking and the cryptocurrency industry. The merger of these two realms signals widespread cryptocurrency adoption.
A continued battle
Regardless of Gary Gensler’s ongoing push against cryptocurrency, 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 cryptocurrency worldwide.
Kucoin’s Kucard lets users spend their digital currency as local fiat currency wherever purchases are made, thanks to the instant conversion of cryptocurrency into local currency. At the beginning, users in the European Economic Area can use the card, with a worldwide launch planned. Users will likewise receive cashback in digital currency and a Black Friday promotion.
A smooth connection
KuCoin CEO Johnny Lyu believes the KuCard launch is a whole lot of milestone for both KuCoin and the cryptocurrency industry, highlighting the critical role of cryptocurrency debit cards in accelerating mass adoption.
Thanks to Kucoin’s Kucard, you can now seamlessly bridge digital assets and traditional banking, spending your digital currency with ease while enjoying the advantages of a traditional debit card.
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