Crypto payments may truly be entering everyday life.

WalletConnect Pay’s recently launched payment solution makes it possible to settle with stablecoins directly when buying a cup of coffee offline or shopping online. The user experience is close to traditional card swiping, but transaction fees can be reduced to one-tenth of the original cost. This system connects over 700 wallets, 50 million users, and billions of dollars in assets—somewhat like a Visa network for the crypto world.

There are several highlights in this update:
Singapore’s dtcpay has already enabled brick-and-mortar merchants to accept stablecoin payments, with all the necessary POS hardware in place. Payment methods are up to date—QR code scanning, NFC, automatic cross-chain conversion, and in-wallet KYC, making the entire process even smoother than many credit cards. According to the data, the platform’s annual transaction volume has reached $40 billion, covering 50 million users and 70,000 applications.

For $WCT token holders, increased payment volumes could provide real value support. If future on-chain payments all require $WCT node validation, this would be somewhat like a crypto version of the SWIFT settlement network. Enhanced network security and governance features could make token demand more rigid.

Now, major wallets are scrambling to integrate WalletConnect, likely recognizing the potential of this “on-chain UnionPay.” Payments have always been a fiercely competitive sector. Will this infrastructure upgrade bring new opportunities? The market’s reaction is worth ongoing observation.