Funds terminal supplier Ingenico has partnered with WalletConnect Pay to allow in-store stablecoin funds throughout its point-of-sale (POS) techniques, marking one of many clearest pushes but to convey cryptocurrency funds into on a regular basis retail checkout.
In an announcement despatched to Cointelegraph, Ingenico stated the mixing permits clients to pay utilizing stablecoins together with USDC (USDC), EURC (EURC) and USDt (USDT) straight from their WalletConnect-compatible cell wallets with out counting on conventional card networks.
Supported wallets embrace MetaMask and Belief Pockets. Transactions are initiated on the terminal and are settled by means of WalletConnect Pay’s infrastructure.
In contrast to crypto-linked playing cards that depend upon Visa or Mastercard rails, the brand new setup permits native stablecoin transactions. Funds are despatched straight from the person’s pockets, with settlements flowing to the service provider’s cost supplier, positioning stablecoins as a substitute settlement rail fairly than a card add-on.
Stablecoin funds with out new {hardware} or custody
Ingenico’s POS terminals are deployed throughout 120 international locations. The corporate stated it has 40 million terminals world wide able to supporting the function, giving the mixing rapid international attain.
Ingenico stated the mixing is designed to work inside present service provider cost stacks, requiring no extra {hardware} upgrades or modifications on the checkout counter.
Whereas Ingenico stated thousands and thousands of its terminals are able to supporting the function, the corporate didn’t present precise figures on what number of retailers will roll out stablecoin funds at launch.
The corporate stated adoption will depend upon whether or not particular person retailers and their cost suppliers select to allow it.
“Basically any Ingenico service provider who desires to simply accept crypto can,” an Ingenico spokesperson informed Cointelegraph, including that availability is dependent upon retailers and their cost suppliers enabling the choice.
In accordance with the spokesperson, retailers may select how they obtain their funds. When a buyer pays in USDC, EURC or USDT, the service provider can resolve whether or not to settle in stablecoins or convert to fiat, primarily based on their necessities and enterprise preferences.
One of many widespread hurdles for crypto funds in bodily retail includes refunds. In accordance with the spokesperson, refunds are dealt with by means of commonplace service provider workflows.
“Retailers could have the power to course of refunds with a easy button click on within the dashboard or by way of automated course of,” the spokesperson informed Cointelegraph. “WalletConnect Pay is designed to safeguard the person to all the time pay to the right community and decrease the human errors.”
Charges and multi-chain assist form rollout
WalletConnect CEO Jess Houlgrave informed Cointelegraph that the in-store integration is designed to supply decrease prices than conventional card funds, significantly for cross-border transactions.
“In comparison with conventional card rails, charges are a lot decrease throughout the board,” Houlgrave informed Cointelegraph, including that pricing is structured to replicate underlying prices, which may range relying on whether or not retailers select to off-ramp into fiat.
Houlgrave stated the charges are collaboratively agreed upon by WalletConnect Pay, Ingenico and cost service suppliers. She stated the mannequin is designed to reward ecosystem members. Mixed with quicker settlement instances, she claimed that the mannequin can cut back working capital wants for retailers and enhance general economics.
At launch, WalletConnect Pay will assist stablecoin funds throughout a number of main blockchains, together with Ethereum mainnet, Base, Arbitrum and Polygon. She informed Cointelegraph that assist for Optimism and Solana is predicted to comply with shortly.
Whereas the preliminary focus is on stablecoins, Houlgrave stated WalletConnect Pay is already seeing demand for non-stable crypto funds. “Stablecoins are the start line for on a regular basis funds, however including property like Bitcoin or ETH is on our roadmap,” she informed Cointelegraph.
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Addressing stablecoin funds demand
The transfer displays the speedy development of stablecoins and the rising demand to make use of them as a sensible cost methodology.
Ingenico CEO Floris de Kort stated the corporate has seen a rising curiosity in stablecoin funds. “Our partnership with WalletConnect Pay addresses this by giving our clients a strategy to settle for digital currencies as simply as conventional playing cards,” he stated.
Haseeb Qureshi, a managing companion at crypto-focused enterprise capital agency Dragonfly, stated that stablecoin funds will likely be “one of many huge themes of 2026,” including that crypto will develop into extra deeply built-in into funds this 12 months.
On Friday, Visa-linked stablecoin platform Rain raised $250 million after 30-fold card development in 2025. The spherical values Rain at nearly $2 billion, bringing the corporate’s whole funding to $338 million.
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