Bermuda partners with WalletConnect to advance its on-chain economy initiative; the first merchant payment use case is expected to launch in 2027

TechFlow news, October 29, according to CoinDesk, the Bermuda government has selected WalletConnect to expand local crypto payment applications. The first onboarded merchant will be ticketing platform PTIX, with related payment functionality expected to launch in Q2 2027.

Under the plan, users can pay directly from personal wallets to event organizer wallets, without PTIX needing to hold funds. The Bermuda government hopes this will reduce local merchants' reliance on high-cost traditional payment services. The country announced its on-chain economy initiative in January this year with support from Circle and Coinbase, and continues to promote USDC payments and merchant integration.

Source: TechFlow