Build the New Internet Hackathon Update

WalletConnect is addressing the fragmentation challenge in crypto payments for everyday transactions. The platform has recently launched **WalletConnect Pay**, enabling stablecoin payments at physical point-of-sale terminals through a partnership with Ingenico. **Key developments:** - No new hardware required - merchants can accept crypto payments through existing terminals - Integration with 600+ wallets and support for major stablecoins (USDC, EURC, USDT) - **$WCT rewards program** offering up to 2% cashback for users - Wallets earn interchange-style revenue while maintaining full UX control Early results show promise: payment processor CoinGate reported **20% higher conversion** and **25% faster payments** after integration. The solution aims to reduce friction in crypto payments by creating a unified infrastructure that connects wallets, merchants, and payment service providers without requiring individual negotiations or additional regulatory overhead.

WalletConnect has released a comprehensive FAQ addressing key questions about their Pay product. The FAQ covers: - How the checkout process works - Settlement procedures and fee structures - Supported blockchain networks - Compliance requirements and processes - Availability timeline This follows WalletConnect's recent announcement enabling merchants to accept crypto payments at physical point-of-sale locations without additional hardware or complex integration flows. The FAQ aims to provide clarity for merchants considering crypto payment integration through WalletConnect's platform.

WalletConnect continues to operate as an open network, focusing on reducing ecosystem fragmentation and preserving user choice. The platform serves as a connectivity layer that enables wallets and merchants to reach users across different platforms without forcing them to switch services. **Key benefits:** - Reduces fragmentation across the web3 ecosystem - Maintains user freedom to choose preferred wallets - Simplifies integration for merchants and wallet providers The open network approach allows different services to interoperate seamlessly, making it easier for users to interact with various applications using their existing wallet setup.

**Ingenico has integrated WalletConnect Pay** into its payment terminals globally, enabling stablecoin transactions across retail, hospitality, and transport sectors. **Key features:** - Supports five major stablecoins including USDC, EURC, and USDT - Works on Ethereum mainnet and select EVM chains - Compatible with any WalletConnect mobile wallet - Offers competitive fees and fast settlement times Arnaud Dubreuil, Ingenico's Director of Innovation, emphasized the benefits for merchants at NRF 26, highlighting the speed and cost advantages of the system. The integration represents a significant step in bringing cryptocurrency payments to mainstream commerce, allowing customers to pay with digital assets at physical point-of-sale terminals worldwide. [Full details](https://walletconnect.com/blog/ingenico-launcheswith-walletconnect-pay)

**WalletConnect Pay** launched its universal onchain checkout solution at Binance Blockchain Week 2025. The new payment system promises to work with: - Any wallet - Any digital asset - Any location WalletConnect positions this as **the new standard** for onchain payments, offering a streamlined experience that aims to simplify crypto transactions across different platforms and wallets. The company is showcasing the technology at their booth during the conference, allowing attendees to test the payment solution firsthand.