KEY TAKEAWAYS
- Kima Network partners with Terminus.Network to enhance cryptocurrency payments in the APAC region, merging cross-ecosystem finance with practical usability.
- Terminus.Network’s QR-code payment solution enables seamless use of digital assets at physical merchants, transforming crypto into a genuine means of exchange.
- The collaboration aims to integrate Kima’s cross-chain settlement technology with Terminus’s infrastructure, facilitating seamless payments across blockchain ecosystems.
Kima Network has announced a strategic partnership with Terminus.Network, aiming to revolutionize cryptocurrency payments in real-world scenarios across the Asia-Pacific (APAC) region. This collaboration seeks to merge cross-ecosystem finance with practical usability, bringing Web3 technology closer to everyday life.
Terminus.Network is at the forefront of creating an inclusive crypto payment layer that connects blockchain technology with real-world commerce. Positioned as a pioneering payment association, Terminus is developing infrastructure that allows crypto holders to make payments using standard QR codes in emerging APAC countries, including Thailand, Vietnam, Indonesia, Japan, and Singapore.
Terminus.Network’s QR-Code Payment Solution
The user-friendly QR-code payment solution offered by Terminus empowers individuals to seamlessly use their digital assets at physical merchants. This initiative transforms cryptocurrency from merely an investment tool into a genuine means of exchange. Backed by influential players such as BNB Chain, AEON, and Alchemy Pay, Terminus aims to become the go-to solution for bridging crypto and fiat transactions in emerging markets.
With a strong focus on accessibility, Terminus’s mobile-first platform ensures that crypto users in the region can access a growing network of merchants without concerns about compatibility, volatility, or complexity.
Future Collaboration and Integration
The partnership between Kima and Terminus will commence with joint marketing efforts to raise awareness about real-world crypto payments and promote usability in everyday transactions. Both teams will work to merge their communities and introduce users to the benefits of decentralized settlement infrastructure paired with QR-based merchant acceptance.
Looking ahead, Kima and Terminus plan to explore deeper synergies, potentially integrating Kima’s cross-chain settlement technology into the Terminus infrastructure. This integration aims to unlock seamless payments across blockchain ecosystems, simplifying crypto payments and empowering individuals in emerging markets to experience the full value of digital finance.
Kima Network is an asset-agnostic, blockchain-based decentralized settlement protocol designed to address fragmentation in the crypto and broader financial space. By introducing a new financial primitive known as the Smart Transaction, Kima opens access to new audiences by enabling interchain and hybrid transactions.
For more details, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Kima Network’s strategic partnership with Terminus.Network aims to enhance cryptocurrency payments in the APAC region by integrating cross-ecosystem finance with practical usability.
A recent Visa report highlights the rapid growth of QR code payments in the APAC region, with Southeast Asia seeing it become the second most preferred payment method. This aligns with the news event as Terminus.Network’s QR-code payment solution aims to capitalize on this trend by facilitating crypto payments at physical merchants.
Insights from a recent report suggest that cryptocurrency integration into payments is gaining traction in the APAC region, driven by a high adoption rate significantly surpassing the global average. This supports the significance of Kima and Terminus’s collaboration, as it addresses the increasing demand for practical crypto payment solutions in the region.
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