New integration enables crypto and stablecoin payments through widely used QR payment networks in Latin America
PROVIDENCIALES, Turks and Caicos Islands, June 22 — As QR code payments become increasingly embedded in daily commerce across Latin America, KuCoin Pay has expanded its payment capabilities in Argentina and Peru, allowing users to connect cryptocurrency and stablecoin holdings with local QR-based payment ecosystems.
The move comes as consumers across the region increasingly rely on mobile payments for everyday transactions, including retail purchases, transportation, food delivery, and peer-to-peer transfers. In markets such as Argentina and Peru, interoperable QR networks and digital wallets have become a key part of how money moves between consumers and merchants.
With the latest expansion, KuCoin Pay now supports Argentina’s Transferencias 3.0 framework, allowing users to make payments through interoperable QR codes used by platforms such as Mercado Pago. In Peru, the service integrates with popular payment platforms Yape and Plin, extending crypto payment functionality to a range of everyday spending activities, including retail, travel, and lifestyle purchases.
The rollout is built around KuCoin Pay’s QR payment infrastructure, which routes transactions through supported local payment channels. Users can complete payments by scanning a QR code, while the system handles the underlying payment routing. The approach is designed to align crypto transactions with payment methods already familiar to local consumers, reducing the need for separate crypto-specific payment processes.
The company said this model helps bridge digital assets with existing financial infrastructure and supports broader use of cryptocurrencies beyond trading activities.
“Real-world utility will define the next phase of crypto adoption, and payments are where this shift becomes most visible,” said Alicia Kao, Managing Director of KuCoin. “KuCoin Pay reflects our commitment to building trusted, localized infrastructure that connects Web3 with the banking and payment systems people already rely on. As we further expand across Latin America, we are helping digital assets move beyond trading and become part of everyday financial activity, while supporting more inclusive and future-ready financial infrastructure in high-growth markets.”
KuCoin Pay said it plans to continue expanding localized payment capabilities, introduce additional practical use cases, and support wider adoption of crypto payments across emerging markets.
