WalletConnect
Quick Answer
WalletConnect is an open protocol for secure communication between dApps and wallets via QR code or deep link — a standard integration for crypto payment checkout flows.
Full Definition
WalletConnect is an open protocol enabling secure communication between decentralised applications and mobile wallets. Users connect their wallet via QR code or deep link, then approve transactions on their phone. WalletConnect supports hundreds of wallets and is a standard integration for crypto payment checkout flows — ensuring customers can pay from any compatible wallet without browser extensions.
Related Terms
Wallet
A cryptocurrency wallet stores private keys enabling users to send, receive, and manage digital assets. Types include hot wallets (MetaMask), cold wallets (Ledger), and smart contract wallets (Safe).
Web3
Web3 is the vision for a decentralised internet built on blockchain where users own their data and assets. Web3 payments enable permissionless, borderless, programmable money transfers.
Webhook
A webhook is an HTTP callback delivering real-time payment notifications (received, confirmed, settled) to the merchant's server — essential for automated order fulfilment.
Wrapped Token
A wrapped token is crypto pegged to another asset on a different chain (e.g., WBTC is Bitcoin on Ethereum), enabling cross-chain liquidity for payments and DeFi.