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Bermuda Taps WalletConnect for Crypto Payments at Local Merchants

Bermuda is partnering with WalletConnect to bring cryptocurrency payments to local merchants, with the first rollout set for the PTIX ticketing platform in the second quarter of 2027. Payments made through PTIX will move directly from the customer’s wallet to the event organizer’s wallet and settle within seconds.

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AI take

What stands out is the choice of a national tourism and events channel as the first venue, rather than retail checkout — a narrow, high-volume use case that tests wallet-to-wallet settlement without card rails. The direct, near-instant transfer model matters because it removes intermediaries from the payment path, which is where merchant crypto adoption has typically stalled. The open question is whether a single ticketing platform can generate enough merchant momentum to extend beyond events, and how Bermuda's regulators treat the flow once it moves past a pilot.

Generated by AI for reference only.

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