We are excited to announce that KuCoin has signed up for Open Platform, allowing its native token, KuCoin Shares or KCS, to be used in our global payment network. This means that KCS can now be used as a payment option at all XPOS merchants, as well as be carried on XPASS cards and the XWallet app. It joins other […]
We are excited to announce that KuCoin has signed up for Open Platform, allowing its native token, KuCoin Shares or KCS, to be used in our global payment network.
This means that KCS can now be used as a payment option at all XPOS merchants, as well as be carried on XPASS cards and the XWallet app. It joins other established cryptocurrencies such as BTC, ETH, BNB, DGX, KNC, and NPXS in the Pundi X ecosystem.
“As a leader in the cryptocurrency exchange space, KuCoin shares our mission of making blockchain more accessible,” said Zac Cheah, Co-founder and CEO of Pundi X. “We look forward to working with KuCoin in adding to the use cases of KCS.”
The People’s Exchange
Launched in 2017, KuCoin has risen as one of the most popular cryptocurrency exchanges in the industry. Steadfast in its mission of being “The People’s Exchange,” KuCoin offers minimal conversion fees and an easy-to-understand interface for crypto beginners and experts alike. It supports several major cryptocurrencies in its trading platform, including NPXS and FX.
Prior to signing up to Open Platform, the KCS token have been established as the fuel of KuCoin and will play a significant role in KuCoin’s upcoming mercantile platform KuMEX as well. KuCoin traders with KCS tokens receive daily incentives based on the total trading fees charged within the platform. Also, KCS holders can enjoy significant trading fee discounts on KuCoin, as low as 0.0125% for the maker and 0.03% for the taker.
The IDG-backed exchange was recently recognized as the Best Cryptocurrency Exchange at Blockchain Life 2019, a global conference held in Singapore last April 23 and 24.
“We are excited to see KCS extend its reach to more users through the Pundi X payment network, where they can spend it on goods and services,” says Michael Gan, CEO of KuCoin. “With Pundi X technology, we look forward to increasing the utility of KCS in hundreds of retail outlets across 25 countries worldwide.”
A Growing Ecosystem
KuCoin is the latest in the growing number of tokens signing up with Open Platform, our newly launched token listing program that allows the integration of ERC20 into the Pundi X payment ecosystem. Token developers and issuers who sign up with Open Platform can have their cryptocurrencies listed as one of the payment options used in the XPOS, XPASS, and XWallet.
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Also known as “The People’s Exchange”, KuCoin launched in September 2017, aiming to provide users with digital asset transactions and exchange services which are both convenient and exceptionally secure. This is achieved by integrating premium assets worldwide and constructing a state-of-the-art transaction platform. KuCoin offers service in multiple languages, and we are building communities in numerous countries across the globe. Lastly, we provide 24/7 customer support 365 days per year.
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