Ingenico, a payment terminal provider, will partner with WalletConnect Pay to support in-store stablecoin payments, Cointelegraph reported on Jan. 13.
Under the partnership, customers will be able to use stablecoins such as USDC, EURC and USDt directly. The system will operate by bypassing existing card networks.
Ingenico supports direct payments from MetaMask and Trust Wallet. It can be used immediately on more than 40 million POS systems deployed in 120 countries. Whether the service is adopted depends on decisions by individual merchants and payment providers.
WalletConnect CEO Jess Houlgrave said, "Stablecoin payments have lower fees than traditional card systems, and the cost-saving effect is particularly large in cross-border transactions."
It currently supports stablecoin payments on major blockchains such as Ethereum, Arbitrum and Polygon. Networks such as Optimism and Solana will also be added.
Ingenico CEO Floris de Cort said, "Demand for digital currency payments is increasing, and the goal is to make it as easy to use as existing card payments."
Chi-gyu Hwang
delight@d-today.co.kr