Ingenico has partnered with WalletConnect Pay to deploy a stablecoin acceptance solution across millions of devices, supporting 700 e-wallets with a volume exceeding $400 billion.
Ingenico, a leading global payment solutions company, has announced a significant breakthrough in integrating cryptocurrencies into traditional payment systems. Through a strategic partnership with WalletConnect Pay, Ingenico will enable physical points of sale to accept stablecoin payments through their existing payment terminals.
According to the official announcement, the Digital Currency App will be deployed on millions of Ingenico Android devices globally. The solution supports five of the most popular stablecoins, including USDC, EURC, and USDT, enabling seamless offline transactions through over 700 e-wallets compatible with the WalletConnect protocol.
Direct settlement instead of traditional digital asset cards.
The core difference of this solution lies in its settlement mechanism. Unlike cryptocurrency tokens linked to conventional payment networks, WalletConnect Pay offers direct settlement using stablecoins. Customers pay from their mobile wallets, and the funds are immediately transferred to the merchant's payment service provider, speeding up the payment process and reducing reliance on legacy infrastructure.
Ingenico CEO Floris de Kort emphasized that the solution does not require additional hardware and does not force payment acceptance units to hold digital assets on their balance sheets. This helps maintain a simple and familiar payment process for businesses.
The applications of this technology are diverse, ranging from retail, accommodation, and restaurants to transportation, gas stations, parking lots, vending machines, and self-service areas. The market potential is demonstrated by the impressive figures: the total volume of payments across the entire WalletConnect network is projected to exceed $400 billion by 2025, with a significant proportion coming from stablecoin transactions.
WalletConnect CEO Jess Houlgrave affirmed that stablecoins have become an important tool for the rapid and efficient transfer of value. The integration is expected to be available to accepting banks and payment service providers from January 2026, enabling deployment on existing infrastructure and ensuring high security.
