Core Insights - Bybit Pay has reached an agreement to enable crypto payments through Yape and Plin, which are the most widely used digital wallets in Peru, serving approximately 28 million users and handling nearly 90% of in-person digital wallet transactions in the country in 2024 [1] Group 1: Bybit's Expansion in Latin America - The partnership with Yape and Plin is part of Bybit's broader strategy to expand its presence in Latin America, following previous collaborations in Brazil and Argentina [2] - Bybit's payment services already support Brazil's instant payment system, PIX, and other major exchanges like Binance and Opera's MiniPay are also targeting the region [2] Group 2: Payment Integration and Functionality - Bybit Pay's integration allows users to spend stablecoins such as USDT and USDC, as well as major cryptocurrencies like Bitcoin (BTC) and Ether (ETH), with transactions settling in Peruvian soles for the recipient [3] - Other platforms facilitating similar payments include KuCoin Pay, Bitget Wallet, and Ramp, indicating a growing trend of crypto neobanks gaining adoption due to local payment mechanisms and crypto-backed debit and credit cards [4] Group 3: Future Developments - Bybit's other payment product, Bybit Card, is set to launch in Peru in the first half of the year, with plans for expansion to other countries in the region later on [5]

⚡️ 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]