There's a quite practical and interesting idea: don't just treat WalletConnect as a bridge to connect DApps; it can completely serve as the foundation for local community currency / time banks / mutual credit systems.
Imagine this: a small town, farmers' market, and creative bazaar using not cash or centralized payments, but a 'digital credit/token' that is mutually recognized by the community and can be used at local businesses. The multi-wallet and unified connection capability of WalletConnect can perfectly turn this type of local economy into a product that is both decentralized and easy to use.
Why is it worth pushing for this?
Low threshold access: Merchants only need to connect to a payment terminal that supports WalletConnect, and customers can pay instantly using their commonly used wallets without registering a bunch of new accounts;
Localization of trust: Community governance determines the rules for currency issuance, conversion mechanisms, and circulation policies, where participants can participate in management through voting or staking;
Resisting external shocks: During special periods (supply chain disruptions, tight banking channels), local currency can maintain basic circulation, helping small and micro enterprises and individual businesses get through difficulties;
Strong composability: Local currency can be bundled with subsidies, vouchers, and activity rewards to incentivize cultural activities, volunteer services, or green behaviors.
What can WalletConnect do technically?
Session as proof: Each payment/service confirmation is completed through a WalletConnect session, with nodes recording verifiable transaction snapshots to prevent counterfeiting;
Offline and reconnect: QR/short link + relayer mode supports scenarios with unstable networks, allowing merchants to settle in batches once back online;
Staking and collateral: Using $WCT as a settlement anchor or collateral pool reduces exchange volatility risk and provides liquidity for inter-town clearing;
Community governance: Managing issuance rules, exchange windows, risk control whitelists, etc., using WalletConnect's governance process.
The problems to be solved are also very realistic: compliance (taxation/anti-money laundering), price anchoring (stable exchange paths), liquidity (bridging with fiat currency), and merchant education. But these are not unmanageable: risks can be quantified using small stable pools, time locks, segmented exchanges, and community audits, in addition to initial endorsements from local finance or NGOs.
Using WalletConnect as a 'mobile transfer layer for the local economy' is not a fantasy—it's a feasible way to directly implement decentralized technology into people's daily lives. This prevents the town's money from being immediately siphoned off to large platforms and external markets, instead circulating locally, which can instantly change the resilience of small and micro businesses.#WalletConnect $WCT @WalletConnect