Virtual currency payment platform “WalletConnect Pay” expands globally through terminal provider “Ingenico” point of sale (POS) is present in stores in over 120 countries. This agreement enables payments using stablecoins on devices without changing the basic payment experience in stores. This was announced by Jess Holgrave, CEO of the crypto asset company.
at the moment, There are over 40 million Ingenico POS terminals worldwideincluding countries on all continents. It is used at various stores such as supermarkets, gas stations, and hotels. Companies such as Walmart, Costco, Shell, and BP use this technology as part of their payments infrastructure.
This infrastructure processes in-person payments for large retailers and international chains, as well as small and medium-sized businesses.
The initial release will make WalletConnect Pay available to acquirers and payment service providers (PSPs) starting in January 2026. Initial commercial activations will take place across Europe Between the first and second quarter of the year.
Expansion to other regions depends on whether the PSP has enabled the service in its retail network. The goal is to integrate stablecoin payments into existing operational frameworks.
QR payment operation
By the alliance, WalletConnect Pay uses QR codes with Ingenico POS Initiate payments from compatible cryptocurrency wallets. Once the customer scans the code and approves the transaction, payment is completed in seconds.
The organization explains that the system will work with multiple wallets as long as they support QR payments based on the WalletConnect standard.
The scheme aims to integrate into current trade flows. There’s no need to change the cashier or shopper experience other than the payment method you choose. At this time, the company has not disclosed which stablecoins it will support or whether these will be converted to fiat currency for sellers.
Cost, time and simplicity
According to the developer: The system allows almost instant payment Unlike traditional bank transfers, it can take several days for the seller.
Additionally, one of the central points of this announcement is reducing operational friction. For card payments, there is typically a 2% to 3% processing fee in addition to return and adjustment costs.
This affects both large, medium and small businesses. Therefore, WalletConnect Pay We propose a scheme with lower fees There is no need to replace POS, and quick payments are possible.
The company’s next phase will focus on expanding sales through acquirers and PSP. We also anticipate implementation work with companies to popularize the use of stablecoins at the point of sale.
The goals set are Normalize this type of payment in your daily purchasing process. “One day, the question will no longer be ‘Do you accept Amex?’ It will be ‘Do you accept cryptocurrencies?’ Howgrave concluded.
This initiative is part of a broader context of integrating traditional financial infrastructure with digital assets. Another recent example is Ripple Labs, the issuer of the XRP cryptocurrency, as reported by CriptoNoticias. Last week, the company received preliminary approval for an electronic money institution (EMI) license from the European Union.