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The application of Blockchain technology is extending from the virtual world to the real economy, and WalletConnect plays a key role in this process. This technology shines not only in the fields of Decentralized Finance and NFT, but also demonstrates great potential in real-world payment scenarios.
Thailand's business environment is undergoing a cryptocurrency payment revolution, with many merchants beginning to accept this new payment method. Users can complete transactions with a simple scan operation, and the convenience of this process is strongly supported by WalletConnect technology.
In the Southeast Asia region, Singapore's Stables application provides users with the convenience of using USDC for daily consumption. Statistics show that payment methods integrated with WalletConnect have a success rate 40% higher than traditional payment methods, mainly due to their streamlined operational process.
The application of WalletConnect in the field of cross-border remittances is particularly noteworthy. Compared to traditional Western Union remittances which take several days and incur high fees, USDT transfers made through WalletConnect are credited in just a few minutes, and the transaction fees are almost negligible. This advantage is especially important for overseas workers.
Recently, a luxury goods store in Switzerland showcased another innovative application of WalletConnect. Customers can scan a code to purchase high-priced watches and use hardware wallets to confirm large transactions, ensuring both security and convenience, an experience that traditional payment methods find hard to achieve.
As more and more practical application scenarios emerge, WalletConnect is expected to become an important link connecting digital assets and the real economy. Just as QR codes once revolutionized the mobile payment sector, WalletConnect may redefine the way we interact with Blockchain technology, bringing new changes to the payment industry.