Payment terminal provider Ingenico has partnered with WalletConnect Pay to enable stablecoin payments at physical checkout locations, addressing a key friction point as digital currencies expand into retail environments.
The integration will allow millions of Ingenico’s Android based payment terminals globally to accept five major stablecoins including USDC, EURC and USDT at point of sale (PoS). Customers can pay using any of more than 700 compatible crypto wallets through the WalletConnect protocol.
The move follows recent stablecoin adoption by payment processors including Stripe and buy now pay later provider Klarna, with reports suggesting Amazon and Walmart have explored similar integration. Japan’s Sumitomo Mitsui Card is exploring using national ID smartcards to sign transactions for smart contract wallets, eliminating the need for consumers to use wallet applications. While Ingenico’s solution still requires consumers to use crypto wallet apps, it addresses merchant side friction by eliminating the need to physically upgrade infrastructure for digital currency acceptance.
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