Ingenico enables stablecoin payments with WalletConnect integration

Payments terminal provider Ingenico has partnered with WalletConnect Pay to enable in-store stablecoin payments across its point-of-sale systems.

The integration allows customers to pay directly from mobile wallets using stablecoins without relying on traditional card networks.

Supported stablecoins include USDC, EURC and USDT, with payments initiated at the terminal and settled via WalletConnect Pay.

Ingenico said the setup enables native stablecoin transactions rather than crypto-linked card payments.

The company said around 40 million Ingenico terminals worldwide are technically capable of supporting the feature.

The integration is designed to work within existing merchant payment systems without requiring new hardware.

Essentially any Ingenico merchant who wants to accept crypto can.

An Ingenico spokesperson said.

Merchants can choose to settle payments in stablecoins or convert them into fiat currencies.

Refunds will be handled through standard merchant workflows, according to the company.

WalletConnect chief executive Jess Houlgrave said fees are lower than traditional card rails, especially for cross-border payments.

Compared to traditional card rails, fees are much lower across the board.

Jess Houlgrave said.

The service will initially support Ethereum mainnet, Base, Arbitrum and Polygon, with more networks expected.

Ingenico chief executive Floris de Kort said demand for stablecoin payments has been growing among merchants.

At the time of reporting, Ethereum price was $3,336.99.