Ingenico Partners with WalletConnect for Stablecoin Payments in Retail
Global payments terminal leader, Ingenico, has taken a groundbreaking step into the world of cryptocurrency payments. Through a partnership with WalletConnect, Ingenico is introducing native stablecoin payment options to its Android-based Point-of-Sale (POS) devices, enabling consumers worldwide to enjoy seamless, blockchain-native transactions.
How Stablecoin Payments Work with Ingenico
The innovative integration eliminates the need for traditional intermediaries like Visa or Mastercard, allowing consumers to settle purchases directly with stablecoins such as USDC, EURC, and USDT. Customers can use blockchain wallets like MetaMask and Trust Wallet to make payments. Thanks to WalletConnect Pay’s infrastructure, transactions are processed efficiently, and merchants can choose to receive payments in either crypto or fiat, based on their preferences.
Global Reach and Industry Potential
Ingenico terminals are already deployed globally, with over 40 million units active in 120 countries, all ready to support this feature. As stablecoin payments become mainstream, the potential impact on international transactions, particularly for reducing costs, is immense. WalletConnect’s CEO, Jess Houlgrave, emphasized the cost advantages this system provides, especially for businesses handling cross-border sales.
Enhanced Features for Merchants and Consumers
Ingenico’s latest crypto integration addresses one of the most complex challenges in the retail crypto ecosystem: refund processing. Merchants can manage refunds either through intuitive dashboard controls or automated workflows. Additionally, WalletConnect uses robust safeguards to prevent user-side errors, ensuring smooth and error-free payment processes.
Supported Chains and Future Expansion
At launch, WalletConnect Pay supports blockchains like Ethereum, Arbitrum, Base, and Polygon, with planned additions including Optimism and Solana. These developments position Ingenico and WalletConnect as leaders in embedding blockchain-backed payment capabilities into retail infrastructures.
The Evolution of Ingenico’s Crypto Roadmap
This partnership represents another milestone in Ingenico’s multi-year strategy to integrate crypto into traditional payment systems. Starting with its 2015 collaboration with BitPay, Ingenico has consistently pushed the boundaries of crypto adoption. More recent partnerships with Binance and Crypto.com have further solidified its position as an innovator, offering features like in-store payments via Binance Pay and turnkey merchant solutions through its AXIUM terminals.
Discover the Right Solutions for Your Business
If you’re a business owner exploring innovative payment solutions, consider Ingenico’s crypto-enabled POS terminals. For more on blockchain-powered transactions, look into Trust Wallet, a user-friendly and secure digital wallet perfect for enabling crypto payments.
Conclusion
Ingenico’s collaboration with WalletConnect is a significant step toward mainstream cryptocurrency adoption in retail. By ensuring cost efficiency and ease of use for both merchants and customers, this development promises to reshape the future of payment systems worldwide.
