Singapore-based DTCpay raised $10 million to deploy physical crypto payment terminals. They integrated WalletConnect. Merchants in Asia can accept direct stablecoin payments and receive local currency instantly.
What we know: Latency is fixed
Paying with Bitcoin previously required waiting for block validation. Layer 2 networks and protocols like WalletConnect solved this. Merchants receive fiat instantly and avoid volatility. DTCpay charges less than the standard 1.5% to 3% bank fees.
What we do not know: Scalability outside dense areas
This model works in tech hubs like Singapore and Hong Kong. We do not know if the merchant acquisition cost is viable in regions with lower crypto wallet adoption.
What we deduce: The B2B pivot
The B2C crypto card market is saturated and locked in a price war. The B2B merchant acquisition market is empty. Selling hardware and software offers predictable recurring revenue.
Decision impact
Deploying point-of-sale terminals is a clear growth opportunity. The return on investment for an equipped merchant beats the return on a free B2C user.
Source: Fintech News Singapore