18.09.2025 21:21
In a significant move to merge digital currency with everyday commerce, KuCoin Pay, the payments division of the global KuCoin exchange, has forged a strategic alliance with the Swiss financial technology provider, DFX.swiss. This collaboration enables cryptocurrency payments at more than 100 SPAR supermarket locations throughout Switzerland, allowing customers to purchase daily essentials by simply scanning a QR code within the KuCoin application. The integration leverages DFX.swiss's innovative OpenCryptoQR system, facilitating in-store transactions with stablecoins and a variety of other digital assets directly from non-custodial wallets.
Engineered to seamlessly connect the world of digital finance with conventional retail, the new payment solution offers distinct advantages for both shoppers and merchants. Customers benefit from the elimination of gas fees for their transactions, while retailers are assured of instant settlement in traditional fiat currency. This innovative approach not only simplifies the crypto-to-fiat conversion process but also presents a more cost-effective alternative by reducing the commission fees typically associated with standard credit and debit card payments.
Raymond Ngai, the lead for KuCoin Pay, expressed enthusiasm for the joint venture, highlighting DFX.swiss's innovative gateway and its adherence to Switzerland's rigorous financial regulations. He reiterated KuCoin Pay's core mission: to deeply integrate cryptocurrencies into daily life and bolster their practical, real-world utility. According to internet sources, Ngai emphasized that this initiative aims to create a fluid shopping experience for KuCoin's expansive global user base of 41 million by effectively linking traditional retail environments with the digital asset economy.
Echoing this forward-looking sentiment, Cyrill Thommen, the Founder and CEO of DFX.swiss, described the alliance as a pivotal step in advancing the international adoption of crypto payments. He affirmed that his company, which specializes in regulated digital asset services tailored for the Swiss market, is dedicated to making cryptocurrencies both accessible and practical for everyday use. This particular initiative is seen as a crucial move toward a future where digital payments are commonplace, aligning with KuCoin Pay’s broader strategy of expanding its footprint into diverse sectors including retail, travel, e-commerce, and gaming.
