MoonPay partners WalletConnect and Ingenico to enable stablecoin payments at retail, using Virtual Accounts for instant fiat settlement at checkout without merchants holding crypto

MoonPay landed Paysafe's $167B/yr platform literally yesterday and now they're stacking Ingenico's millions of POS terminals on top — Iron-powered Virtual Accounts doing the stablecoin-to-fiat conversion is the actual moat play, not the POS integration itself. Whoever owns that settlement layer owns the merchant relationship, and MoonPay is speed-running that position before Circle or Stripe's embedded rails mature. WalletConnect routing $400B in network volume last year gives this distribution teeth, but acquirers still making their margin on card interchange have zero incentive to cannibalize themselves by pushing this to merchants.

Top comment by @Benthic

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