The company recently launched Walletconnect Pay, a solution designed to address common challenges merchants encounter when integrating cryptocurrency payments. The company has said it will pivot to payments in 2026, and has already entered into several partnerships to this end.
Walletconnect pivots to payments in 2026
Wallet Connect, a crypto connectivity protocol, has announced that it will now focus on mainstreaming crypto-based payment services.
Earlier this month, Wallet Connect CEO Jess Holgrave revealed that the company’s strategy is to integrate other payment services, rather than replace them, and build a cryptocurrency on par with fiat credit giants such as Visa and Mastercard.
Houlgrave said Walletconnect has the advantage of being able to link an ecosystem of more than 700 wallets, millions of users and billions of capital around the world. This gives the company the power to solve crypto payment problems.
Walletconnect is already working towards this new goal by unveiling a partnership with Ingenico, a French company that builds payment solutions, to enable merchants using Ingenico’s solutions to accept payments. USDC Payments on several Ethereum Virtual Machine (EVM) networks such as Polygon, Base, Arbitrum, and Ethereum.
Walletconnect provides versatility for crypto natives using stablecoins as they can perform payments in any wallet using the connection protocol.
With stablecoins steadily growing and regulations starting to take shape, now is the perfect time for the company to enter the crypto payments industry.
Steven Dolcemaschio, CMO of Walletconnect, believes that payments were the main force behind cryptocurrencies, but somehow the end goal shifted to appealing to other users and payments were left behind.
Regarding the issue of cryptocurrency payments, he said:
This isn’t just about technology debt. It’s a design and branding challenge. We need an infrastructure that works invisibly and a culture that makes it reliable. People don’t need to know that it’s a cryptocurrency. They need to know it works.
read more: SEAL, Metamask, Wallet Connect, Backpack, and Phantom launch global real-time phishing protection
FAQ
What is Wallet Connect’s new focus in the cryptocurrency industry? Walletconnect is moving towards a strategy of integrating crypto-based payment services into the mainstream financial system, aiming to rival traditional credit services such as Visa and Mastercard.
What advantages does Wallet Connect have in this market? That’s all 700 wallets worldwide With a huge user base, Walletconnect has great influence in addressing the challenges of crypto payments.
What partnerships has Walletconnect created to achieve its goals? The company has partnered with Ingenico to help sellers USDC payment It is available across various Ethereum Virtual Machine (EVM) networks, including Polygon and Arbitrum.
What fundamental challenges does Walletconnect see in crypto payments? CMO Steven Dolcemaschio emphasizes that strengthening cryptocurrency payments requires not only technical solutions, but also improved design and branding to promote trust and ease of use.