On April 20, Web3 wallet brand SafePal announced its partnership with WalletConnect Pay, enabling over 30 million SafePal users to utilize WalletConnect Pay. Users can spend their crypto assets directly at merchants that support WalletConnect Pay, without compromising their self-custody rights. This collaboration strategically aligns with SafePal's previous PayFi initiatives. SafePal has already integrated IBAN accounts with Swiss compliant bank Fiat24 and jointly launched a crypto debit card supported by Mastercard. On one hand, Fiat24 Mastercard bridges crypto and fiat assets, while on the other hand, WalletConnect Pay facilitates merchant payment settlements for on-chain assets. Both scenarios are connected through the SafePal mobile app, opening up more payment possibilities. The two parties will launch a pop-up event during the Web3 HK Festival, where participants can use the SafePal wallet to experience WalletConnect Pay, receive limited-edition merchandise, and enjoy exclusive benefits.
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