Posted 10 months ago | by Ben Armstrong
KuCoin Partners with PayMIR to Support RUB Crypto Purchases
According to a recent announcement, IDG-backed crypto exchange KuCoin has started its partnership with PayMIR, a famous fiat on-ramp service provider in Russia to support RUB purchases of tokens.
The RACIB (Russian Association of Crypto Industry and Blockchain) officially reported the data that the number of cryptocurrency investors in Russia is now approximately 2 million and continues to grow fast.
KuCoin Expands Services for Russians
The huge market capacity and rich pool of blockchain talent of Russia are some of the reasons to promote the country which is becoming one of the fastest developing areas in the blockchain industry.
While the partnership with KuCoin allows Russian traders to purchase cryptocurrencies more conveniently, it also will contribute to developing blockchain technology in Russia.
KuCoin users can now use RUB to buy USDT by selecting PayMIR with their credit and debit cards. Users will receive cryptos in their KuCoin account once the transaction with PayMIR is completed via wire transfer.
Speaking about the collaboration, Johnny Lyu, the Global CEO of KuCoin, said:
“From its inception, KuCoin has been committed to offering secure, stable, and easy-to-use trading services to all users. For a long time, moving from fiat to crypto has been a relatively complicated process. It is also a major obstacle for new users looking to invest in cryptocurrencies. We are really excited to partner with PayMIR, and through the PayMIR Core system, we are now able to provide Russian users with a more smooth experience. This is also an important step in KuCoin’s global expansion.”
Yuri, the co-founder, and CEO of PayMIR said:
“PayMIR aims to revolutionize payment methods between international suppliers, making it easier and more compliant. KuCoin is one of the most global exchanges with more than 5 million users, and with our cooperation, more users around the world can enjoy the service PayMIR offers, allowing them to join the crypto world with just a few clicks.”
PayMIR headquartered in Moscow and had subsidiaries in the US, Germany, Ukraine, Hong Kong, and Shenzhen. The company is working to create a full-service market where users can buy and sell digital goods, services, and cryptocurrencies.
KuCoin has been growing to become one of the most popular crypto exchanges with over 5 million users across 207 countries and regions around the world since its launch in September 2017.
The exchange currently provides a series of financial services, including fiat-to-crypto, crypto-to-crypto, futures, staking, borrowing, and token launch. One of four crypto holders worldwide is with KuCoin.
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