Bermuda Bets Big on Crypto: Taps WalletConnect to Power Onchain Economy

Bermuda has chosen WalletConnect, a leading Web3 connectivity protocol, to bring cryptocurrency payments to local merchants as part of its onchain economy plan. The first phase will launch with ticketing platform PTIX in the second quarter of 2027, enabling merchants to accept crypto payments seamlessly.

The partnership marks a significant step in Bermuda's efforts to integrate digital assets into its financial ecosystem. WalletConnect's technology allows users to connect their crypto wallets to decentralized applications, facilitating secure and user-friendly transactions. Bermuda has been actively pursuing blockchain-friendly policies, aiming to attract crypto businesses and innovation. While specific merchant adoption numbers were not disclosed, the government's focus on practical use cases like ticketing suggests a phased approach to mainstream crypto payments.

This initiative could position Bermuda as a pioneer in onchain commerce, potentially inspiring other jurisdictions to explore similar integrations. However, challenges remain, including regulatory clarity, merchant onboarding, and consumer education. The success of the PTIX rollout in 2027 will be a key indicator of whether Bermuda's onchain economy vision can scale. Global observers will watch closely to see if this model can be replicated elsewhere.