⚡️ UPDATE: KuCoin Pay has integrated with Brazil’s Pix network, letting users convert crypto to reais and pay any Pix-enabled merchant via QR code. https://t.co/JcpRpkf7La ...

Core Insights - KuCoin has launched a new mining pool service called KuPool, supporting proof-of-work assets like Dogecoin, Litecoin, and soon Bitcoin, expanding its ecosystem [1][3] - KuPool emphasizes trust and security, utilizing a verifiable hash rate mechanism for real-time tracking of contributions and payouts, and incorporates low-latency technology and multi-layer encryption [2] - The long-term goal of KuPool is to promote a balanced global hash rate distribution, aiming for sustained growth, stable returns, and strong miner retention [3] KuCoin's Expansion and Global Reach - KuCoin has surpassed 40 million registered users globally and records over $11.6 billion in daily trading volume, listing more than 1,000 crypto tokens [4] - The company launched a $2 billion "Trust Project" earlier this year to enhance transparency and security in the crypto sector [4] - KuCoin Pay has partnered with SPAR supermarkets in Switzerland for everyday crypto payments and is expanding in Southeast Asia, joining Thailand's G-Token initiative and signing an MoU with Vietnam's Blockchain and Digital Assets Association [5] Integration of Services - KuPool aims to integrate mining, trading, and payment services into a comprehensive ecosystem, further extending KuCoin's influence in the crypto market [6]

Core Insights - KuCoin has expanded its payment service, KuCoin Pay, to over 100 SPAR supermarket locations in Switzerland, enhancing the existing crypto payment infrastructure [1][2] - The integration allows customers to use the KuCoin app to scan an OpenCryptoQR code at checkout, with zero gas fees and instant fiat settlements for merchants [2] - The use of a US dollar-backed stablecoin is emphasized as a way to mitigate volatility for users, reflecting a trend towards stablecoins in real-world transactions [3] Market Context - The Swiss mobile payment landscape is highly competitive, dominated by TWINT, which has over 6 million users, or approximately 75% of the population, posing a challenge for new payment solutions [4] - Switzerland's regulatory environment is favorable for crypto spending, as gains from crypto are generally tax-free, making daily transactions with digital assets more practical compared to other countries [5] Strategic Goals - The partnership aligns with KuCoin's global expansion strategy, aiming to enhance the utility of crypto in everyday life and create a seamless shopping experience [6] - KuCoin has been focusing on strengthening its international presence and collaborating with government initiatives to build trust and promote institutional adoption of USDC for treasury management and cross-border payments [7]

Core Insights - GCL Global Holdings Ltd's subsidiary, 2Game Digital, has partnered with KuCoin to integrate KuCoin Pay as a payment method on its ecommerce platform, 2Game.com, marking a significant move towards cryptocurrency adoption in the gaming industry [2][3][5] Company Overview - GCL Global Holdings Ltd focuses on immersive games and entertainment, aiming to connect creators with gaming communities globally, particularly in the rapidly expanding Asian gaming market [7][8] - 2Game Digital is dedicated to transforming digital gaming commerce and community engagement through its unique ecosystem [8] Strategic Developments - The integration of KuCoin Pay allows 41 million KuCoin users to make secure and instant payments using their cryptocurrency holdings for digital games and related products on 2Game.com [3][5] - This initiative is part of a broader strategy to incorporate Web3 infrastructure, including the upcoming launch of the "2Game Token," which will enhance loyalty programs and competitive gaming rewards [4] Customer Benefits - Customers using KuCoin Pay from August 29, 2025, to November 28, 2026, will receive exclusive benefits such as a 20% discount on eligible products, special release discounts, bi-weekly promotions, and early access to the 2Game Token ICO [6] Industry Impact - The partnership with KuCoin is seen as a milestone in making cryptocurrency a seamless part of everyday transactions, particularly in the dynamic gaming sector, enhancing the payment experience for millions of gamers [5]