KuCoin Pay Launches Integration with Brazil’s Pix Payments Network
- KuCoin Pay has integrated with Pix, enabling cryptocurrency payments at any merchant accepting Pix QR codes.
- Approximately 26 million Brazilians, or about 12% of the population, are now using digital assets.
- The integration allows for instant conversions between cryptocurrencies and the Brazilian real.
- Pix serves over 175 million users and was launched by the Central Bank of Brazil in 2020.
- KuCoin is ranked as the eighth-largest crypto exchange globally, with over $6.2 billion in spot trading volume.
This integration enhances cryptocurrency utility in Brazil, a country that accounts for nearly a third of all crypto activity in Latin America, with a transaction volume of approximately $318.8 billion from July to June next year.
The launch of KuCoin Pay’s services in Brazil reflects the country’s growing adoption of digital assets and its significant user base, further solidifying its position as a leader in Latin America’s crypto landscape. (Source)
