From Transactions to Payments
summary
Argues that blockchains handle settlement but not authorization and clearing, and proposes WalletConnect’s universal connection layer that routes across wallets, tokens and chains and exposes a payment request with preauthorization so merchants avoid handling dozens of stablecoin formats. Claims: card settlement can take up to 7 days while stablecoin settlement is 10–20 seconds, card fees reach ~3% versus lower crypto fees, WalletConnect’s eight‑year QR network and SDKs let users pay with any wallet without a new app, and merchants receive local currency and fewer chargebacks.
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chapters (27)
- 0:00Introduction to WalletConnect Payments
- 0:25From Wallet Transactions to Payments
- 1:14Crypto Infrastructure and Money Movement
- 1:36Bitcoin Started With Payments
- 1:57Why Transactions Are Not Payments
- 2:49Payments Coordinate Two Parties
- 3:12Authorization, Clearing, and Settlement
- 3:32Merchant Authorization and Compatibility
- 3:53Clearing Rules and Risk Assessment
- 4:35Settlement as the Final Stage
- 4:57Why Settlement Can Arrive Later
- 5:18How Payment Requests Work
- 5:41Pull Payments Versus Push Payments
- 6:21Preauthorization Reduces Payment Friction
- 6:49Merchant Risk and Escrow Problems
- 7:37Stablecoins and Merchant Complexity
- 8:17Merchants Want Their Local Currency
- 8:38One Integration Across Tokens and Chains
- 9:00WalletConnect Distribution and QR Codes
- 9:47Lower Fees for Global Merchants
- 10:30False Disputes and Merchant Losses
- 10:53Use Any Wallet Without a New App
- 11:17Pay With Preferred Tokens and Chains
- 11:59Payments for Mainstream Adoption
- 12:18Moving Beyond Trading and Speculation
- 13:08SDKs for Wallets and Payment Companies
- 13:44Closing the Payments Presentation
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