Global KuCoin crypto exchange has announced a partnership with Russian fiat on-ramp service provider PayMIR. KuCoin users will now be able to purchase cryptos with Russian Ruble using their credit and debit cards.

The data from the Russian Association of crypto industry and Blockchain (RACIB) shows that Russia has a proliferating market with more than 2 million cryptocurrency investors and Russia is developing rapidly in the blockchain industry in terms of market capacity and rich pool of skilled personal. Thus KuCoin has facilitated the Russian customers by making the trading easier and convenient.

The PayMIR is based in Moscow and its subsidiaries are located in the US, Ukraine, Germany, Hong Kong, and Shenzhen where the users can now trade digital assets and use the services. The users can transfer their Ruble (RUB) to PayMIR through wire transfer and the cryptos will be collected to their accounts.  

While commenting on the partnership, Johnny Lyu, KuCoin Global CEO 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 a major obstacle for new 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.”

Co-founder and CEO of PayMIR Yuri said :

“PayMIR aims to revolutionize payment methods between International suppliers, making it easier and more compliant." Thus with a global user base of 5 million, worldwide KuCoin users will be able to use Pay MIR services on just a few clicks.”

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INDIA