KuCoin Pay, a crypto payment solution, has expanded its QR-based cryptocurrency payment services in Argentina and Peru, allowing users to spend digital assets through some of the region’s most widely used payment networks.
The move marks the latest step in KuCoin’s push to embed crypto into everyday financial activity across Latin America’s fast-growing mobile payment markets.
KuCoin Pay Connects to Local QR Payment Networks
According to KuCoin, in Argentina, KuCoin Pay integrates with the Transferencias 3.0 network, enabling interoperable QR payments across platforms including Mercado Pago. In Peru, the integration covers Yape and Plin, two of the country’s most widely used digital wallets for retail, lifestyle, and travel purchases.
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The system relies on universal QR connectivity: users scan a merchant’s existing QR code through KuCoin Pay, and the platform routes the payment through the relevant local network automatically.
According to the company, more than 50 cryptocurrencies are supported, including USDT, USDC, BTC, and KCS, with off-chain settlement keeping transaction fees minimal or zero.
“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.
Kao added that the company is focused on building localized payment infrastructure that connects Web3 services with existing banking and payment systems across high-growth markets.
The official announcement stated that KuCoin Pay plans to continue expanding localized payment options and practical spending use cases in Latin America.
KuCoin’s Latin America Payment Push
Latin America has emerged as one of the fastest-growing regions for crypto adoption, driven by demand for alternative payment methods, stablecoins, and cross-border financial services.
Countries such as Argentina have seen particularly strong interest in dollar-pegged stablecoins amid inflation and currency volatility. At the same time, digital wallets and QR-based payments have become deeply integrated into everyday commerce across the region.
The Argentina and Peru rollout follows KuCoin Pay’s integration with Brazil’s Pix network in early 2026, which allowed users to spend crypto across one of the world’s largest instant payment systems.
Launched in January 2025, KuCoin Pay has since expanded across Southeast Asia, integrating with the payment networks of Vietnam and the Philippines. It is built directly into the KuCoin app and supports both online and offline transactions, with off-chain payments processed at zero gas fees. KuCoin has stated that the platform serves over 40 million registered users globally.
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People Also Ask:
KuCoin Pay is a crypto payment solution from KuCoin that lets users spend digital assets at merchants online and in-store, primarily via QR code scanning, supporting over 50 cryptocurrencies.
No. KuCoin exited the US market in January 2025 as part of a settlement with the US Department of Justice and is currently barred from serving US residents for two years.
The region has high crypto adoption rates and widespread use of mobile payment and QR code systems.
