KuCoin, a leading global cryptocurrency exchange, has announced that it has integrated the PIX&TED Capitual service and Advcash into its list of add-ons. The services allow users to take advantage of zero fees and transfer a wide range of currencies globally.
According to today’s press release, the new payment services have been added as part of KuCoin’s expansion to new markets to better cater to its clients in those regions. Capitual will be aimed primarily at Brazil, while Advcash will best be suited for Eastern European markets and Asia Minor with its broad selection of local currency transfer options.
The integration of both services took place after a prolonged testing phase that saw the improvement of overall system performance and transfers operability. KuCoin aims to enhance user experience through the addition of both services and attract new audiences by including a broader range of supported fiat and related channels.
The Capitual multi-currency digital bank is connected with local banks in Brazil, giving it the necessary infrastructure for effectuating regular transfers via TED and transfers between e-wallets using the PIX system. The Central Bank of Brazil developed the latter to allow instant transfers via QR code scanning. The Capitual service operates based on its native BRL token, which can be purchased for USDT via the PIX and TED systems.
KuCoin will be leveraging the instant transaction processing capabilities of the PIX&TED coupling to allow its users to purchase BRL tokens at zero fees. Added benefits of the system include a high degree of security, full compliance with KYC requirements, up to 1 million BRL per transaction limits, and a convenient interface.
“We are confident at Capitual that this integration with KuCoin will be a beneficial venture that can expand the use cases for PIX and its serviceable audience, promoting the instant transfer and zero-fee policy of the system” as stated by a product manager from Capitual.
The Advcash service operates with UAH, USD, EUR, GBP, RUB, and BRL, offering them as means of payment through its native channels. Advcash users can make transfers to virtually all countries not included in sanctions lists and have access to round-the-clock support. The service also allows up to 1 million as a limit for transfers in selected currencies.
“Advcash is determined to showcase the usefulness of its service for clients of KuCoin and those operating across our target markets. Users from Eastern European countries will appreciate the convenience of our service and the currency lineup on offer,” a representative at Advcash stated regarding the integration announcement.
KuCoin is rapidly expanding its range of hosted add-on gateways to ensure greater influxes of new users. The exchange reached the 10 million user milestone in late 2021, propelling it to the top three exchanges in the global ranking, according to Coinmarketcap.