WalletConnect said that WalletConnect Pay was built around acquirer compliance after six months of talks with payments companies, including acquirers, PSPs and processors. Compliance has become the gating question for established card acquirers evaluating new payment rails.
The update matters for acquirers considering stablecoin or self-custodial wallet payments because WalletConnect Pay says it collects only three user fields before checkout: full legal name, date of birth and place of birth. It also captures wallet address and IP at each transaction, runs pre-execution sanctions screening, and keeps full retail KYC, AML scoring, custody and asset conversion with licensed parties.
The next point to watch is whether this compliance-first model clears more risk committees. WalletConnect says the method is designed to fit existing acquirer workflows, with Travel Rule data, sanctions checks and audit logs mapped to controls already used in regulated payments.
Source: WalletConnect blog.
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