Bitcoin

KuCoin focuses on Latin America and Eastern Europe with new access to fiat currencies

KuCoin, the crypto asset exchange in the Seychelles, has significantly expanded its access to fiat currenciesSupport for 17 national currencies launched on June 12.

KuCoin is now available Support for credit card purchases in more than 50 fiat currencies through integrations with Simplex, Banxa and OTC Trading Desk.

The new Fiat services follow reports that support this the small African archipelago of the Seychelles Houses a higher volume of cross-border Bitcoin transactions (BTC) than in the United States.

KuCoin offers credit card support for 17 fiat currencies

KuCoin focuses on Latin America and Eastern Europe with new access to fiat currencies
KuCoin focuses on Latin America and Eastern Europe with new access to fiat currencies

The coins that KuCoin only supports they go predominantly too countries located in Latin America and Central Asia.

“KuCoin is committed Promote mass adoption of blockchain and cryptocurrencies, and A simple channel from fiat currency to crypto will help largely about it, “said Johnny Lyu, CEO of KuCoin Global.

Now we have support for the purchase of national fiat currencies from the United Arab Emirates, Azerbaijan, Chile, Colombia, Costa Rica, Argentina, the Dominican Republic, Georgia, Kazakhstan, Moldova, Namibia, Peru, Qatar, Uruguay, India, the Philippines and Uzbekistan.

“Thanks to your continued efforts in the channels for Fiat, KuCoin welcomes more newcomersso they can welcome and contribute to the world of cryptocurrency, “added Lyu.

The Seychelles dominate the international BTC volume

KuCoin’s support will be extended to the Fiat currency if the data published by Crystal confirm this The Seychelles are the world’s largest source of cross-border Bitcoin transfers.

Despite an archipelago of only 175 square miles with a population of approximately 100,000, The Seychelles-based exchanges have received an estimated $ 15.83 million and broadcast $ 20.83 billion in Bitcoin transfers inside and outside the country during 2019.

That was discovered The world’s most active bitcoin flows went from the Seychelles to Europe, the United States and South KoreaEach country’s exchanges process more than $ 2 billion in transnational BTC transfers with counterparties in the Seychelles.

There are many important cryptocurrency exchanges in the Seychelles such as BitMEX, Cex.io and Bitfinex.

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