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Bermuda selects WalletConnect for merchant crypto payments starting with PTIX in 2027

Bermuda has chosen WalletConnect to roll out cryptocurrency payments for local merchants under its onchain economy plan, beginning with event ticketing platform PTIX in the second quarter of 2027.

WalletConnect logo depicted in white against a dark background.
Image: @BSCNews

Bermuda has tapped Web3 infrastructure provider WalletConnect to bring cryptocurrency payments to local businesses, advancing the island's plans for an onchain economy. According to CoinDesk, the commercial rollout is scheduled to begin in the second quarter of 2027 with event ticketing platform PTIX.[3]

Crypto Briefing reported that Bermuda's transition to onchain payments for PTIX event tickets could set a precedent for national economies, potentially influencing global cryptocurrency adoption and broader financial systems.[2]

Alongside the merchant initiative, WalletConnect has added support for the Stellar blockchain, according to BSCN. WalletConnect partnered with Penrose Partners to introduce WalletConnect Pay for Bermuda merchants as part of the country's push to become an onchain nation-state. The integration links Stellar-based applications into WalletConnect's network of more than 700 wallets and 900 million end users. Point-of-sale transactions are already active through the LOBSTR wallet, backed by custody infrastructure from Fireblocks and Utila.[1]

Key facts

  • Bermuda selected WalletConnect to enable cryptocurrency payments for local merchants as part of its onchain economy roadmap.
  • The crypto payments rollout is set to start with ticketing platform PTIX in the second quarter of 2027.
  • WalletConnect has integrated support for the Stellar blockchain, linking Stellar-based apps to an ecosystem covering over 700 wallets and 900 million users.
  • WalletConnect partnered with Penrose Partners to launch WalletConnect Pay for merchants in Bermuda.
  • Point-of-sale payments through WalletConnect Pay are active via the LOBSTR wallet, with custody provided by Fireblocks and Utila.

Sources · 3 sources

  1. BS

    BSCN@BSCNewsPost on X ·

    WalletConnect Just Plugged Stellar Into 900 Million Users @WalletConnect has added support for the @StellarOrg blockchain. It has also partnered with Penrose Partners to launch WalletConnect Pay for Bermuda merchants, helping the country become the world's first fully on-chain nation-state. This enables the integration of Stellar-based applications into WalletConnect's ecosystem of 900 million end-users and 700+ wallets. Point-of-sale payments are live through the @lobstr wallet, with custody services from @FireblocksHQ and @utila_io. Bermuda's on-chain economy now has payment infrastructure.

    Open source
  2. CB

    Crypto BriefingArticle ·

    Bermuda taps WalletConnect to bring crypto payments to PTIX event tickets Bermuda's move to onchain payments could set a precedent for national economies, influencing global crypto adoption and financial systems. The post Bermuda taps WalletConnect to bring crypto payments to PTIX event tickets appeared first on Crypto Briefing .

    Open source
  3. CO

    CoindeskArticle ·

    Bermuda taps WalletConnect to advance its onchain economy plan Bermuda chose WalletConnect to bring crypto payments to local merchants, starting with ticketing platform PTIX in the second quarter of 2027.

    Open source