0 0
Ingenico and WalletConnect Enable Stablecoin Payments on POS Terminals Globally
Ingenico Partners with WalletConnect Pay for Stablecoin Payments
- Ingenico has teamed up with WalletConnect Pay to enable stablecoin payments on its POS terminals, integrating digital currencies into mainstream retail.
- The partnership connects Ingenico’s merchant network with WalletConnect's payment rails, allowing customers to pay using stablecoins like USDC.
- The rollout will initially support USDC across networks such as Polygon, Base, Arbitrum, and Ethereum.
- Use cases include retail, hospitality, transportation, fuel, parking, vending, and self-service environments. Ingenico has tens of millions of devices globally backed by numerous payment apps.
WalletConnect Pay Integration
- Consumers can use Web3 wallets like MetaMask and Trust to make payments directly on-chain, bypassing traditional card networks.
- WalletConnect supports over 700 wallets and processed $400 billion in volume last year, with stablecoins playing a significant role.
- Stablecoins are positioned as efficient tools for value transfer, enhancing everyday retail payments.
- Integration for acquirers and PSPs is expected by January 2026.
Significance of the Partnership
- Ingenico, a veteran in payment acceptance, operates in multiple countries and holds a significant share of the global POS terminal market.
- This collaboration marks another step in Ingenico's engagement with the crypto industry, following partnerships with Binance and Crypto.com.
- The trend towards stablecoins aligns with increased crypto adoption for daily transactions, bridging the gap between digital assets and traditional card payments.