Bermuda taps WalletConnect to bring crypto payments to PTIX event tickets

The island's first onchain merchant is expected to go live in the second quarter of 2027 on the Stellar network Bermuda wants to become the world’s first fully onchain national economy. Its next step is concert tickets. The island has chosen WalletConnect, a crypto connectivity network, to expand digital asset payments across Bermuda. The first merchant on the system will be Premier Tickets, better known as PTIX, with payments expected to go live in the second quarter of 2027, according to an announcement shared with CoinDesk. How the PTIX rollout is expected to work The deal lands alongside the launch of WalletConnect Pay on Stellar. That is the blockchain Bermuda selected in May to move key payments onchain. WalletConnect Pay began supporting Stellar for merchant integrations as of September 2026. That timing matters, because Bermuda’s chosen settlement rail now has a ready-made checkout layer. PTIX makes a logical first test case. The company has served as Bermuda’s primary event ticketing operation since it was founded in 2009. The economic pitch centers on fees. Local merchants in Bermuda face card processing fees of between 3% to 5%, potentially reaching up to 10% in some cas...