Cryptocurrency exchange KuCoin has officially launched its KuCard debit card in Australia, allowing users to spend digital assets at merchants within the Mastercard global network.
The rollout, developed in partnership with Immersve, a principal member of the Mastercard network, enables eligible users to make purchases using cryptocurrency balances, which are converted into fiat currency at the point of sale.
Crypto Payments Enabled Through Mastercard Rails
KuCoin said eligible users in Australia can use supported digital assets for everyday purchases at Mastercard-accepting merchants, including through Apple Pay and Google Pay integrations.
The system supports USDC and 37 associated trading pairs. Transactions are processed with automatic conversion from digital assets to fiat currency at checkout, removing the need for manual conversion before payment.
KuCoin said the product is intended to expand the use of digital assets in real-world payments while operating within compliance and security frameworks. The company is registered with Australia’s financial intelligence agency AUSTRAC, and holds regulatory approvals in other jurisdictions, including Europe. The exchange serves over 40 million users in more than 200 countries.
Read more: dailycoin.com
Source: CRYPTO WORLD NETWORK NEWS
