KuCoin Pay partners with Pix, Brazil’s instant payments network, enabling users to convert and spend cryptocurrencies at merchants accepting Pix QR codes. Brazil boasts 26 million crypto users, representing 12% of the population. Pix serves 175 million users and supports instant crypto-to-real conversions, enhancing the utility of KuCoin Pay.

Brazil leads Latin America in crypto adoption, with $318.8 billion in transaction volume from July 2024 to June 2025. Itaú Asset Management established a crypto division, Crown raised $8.1 million for a stablecoin, and Banco Inter completed a blockchain trade finance pilot. Coinbase introduces DeFi trading feature in Brazil.

Regulatory uncertainty remains in Brazil after implementing a flat 17.5% tax on all crypto capital gains. Despite this, the country sees significant growth in crypto adoption and innovative initiatives from local and foreign companies.

Read more at Cointelegraph: KuCoin Pay Integrates with Brazil’s Pix for Crypto Payments