AEON has integrated with KuCoin Pay to advance payment processes in the web3 space. The digital assets payment framework made the announcement on Tuesday through a blog post.Â
With the integration, AEON established that its users can now spend cryptocurrencies for online and real-life payment through KuCoin Pay. According to the firm, the collaboration is a two-way initiative that is beneficial to the new partners.
As revealed, AEON now supports KuCoin Pay as one of its web3 payment options. On the flip side, KuCoin Pay has integrated the crypto payment system to power its web3 mobile payment infrastructure.
Meanwhile, in the last few days, AEON has collaborated with various projects within the web3 space. Recently, the web3 project partnered with Lorenzo, an on-chain asset management platform that tokenizes CeFi financial products and combines them with DeFi.
As announced the partnership will help unlock yield-generating financial solutions in the web3 space. The web3 firm also collaborated with the likes of Conflux, IoTex, Plume, Neo Partner, Stellar, and QR PH in recent times.
Insight into the partnership of AEON and KuCoin Pay
More so, with the initiative, KuCoin Pay users will be able to make payments using crypto by simply scanning QR codes, leveraging the web3 payment solution offered by AEON. The firm established that the project will empower 20 million merchants in Southeast Asia and 10,000 global brands to make seamless crypto transactions.
The company disclosed that the integration with KuCoin Pay is aimed at accelerating web3 payment adoption among local retail merchants. Also, AEON emphasized that the initiative will fast-track the push to make cryptocurrency payments more accessible.
Meanwhile, in the statement, AEON labeled the partnership as an attempt to expand the utility and real-time usage of cryptocurrency. The firm said the vast user base of its partner positions the integration as a significant milestone in enhancing crypto adoption.
That said, AEON revealed that its online and mobile web3 payment supports a wide range of blockchain networks and digital assets. The firm said some of the supported assets include USDT, USDC, TON, BNB, and many more.
By embracing numerous networks, AEON stated that it will enable users to have various options at their disposal while making payments.
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