Fireside Chat with Pedro Gomes (WalletConnect) and Francesco Andreoli (MetaMask) at ETHConf

Sun, Aug 2, 2026, 12:00 AM

In this fireside chat, Francesco Andreoli, who leads developer relations at Consensys, sits down with Pedro Gomes, founder of WalletConnect, to discuss payments, agentic commerce, and the evolution of wallets. Pedro explains that WalletConnect created the WalletCon network, the largest interoperability network across digital wallets known for its QR code standard, and has now launched WalletConnect Pay for merchants accepting crypto. Francesco notes Consensys just launched an Agentic Wallet. Pedro describes a shift where wallet features are consolidating inside wallets like MetaMask, making the key question what users interface with when connecting to the outside world, and payments emerged as the number one pain point. WalletConnect narrowed from a general purpose tool to focus on payments, helping existing payment providers accept crypto rather than forcing merchants onto a new platform. Pedro breaks down the payments landscape (peer to peer, remittance, consumer to business, and business to business) and shares a lesson from the payin versus payout distinction: consumers find paying with crypto attractive, but businesses want stablecoin payouts to simplify paying creators globally, where WalletConnect's 700 plus wallet network gave an edge. Francesco covers how UX improves by meeting users where they are, and the range from invisible embedded wallets (Amazon), to wallet as a service behind a bank (Revolut), to crypto native super apps (MetaMask card and MetaMask USD). On agentic payments, Pedro argues the missing piece is authorization: stablecoins succeeded through pull payments pioneered by USDC, which agentic payments lack, making yolo beast mode fine for a mini app but dangerous for buying flights. Francesco explains the MetaMask agent wallet was built to add currently non-existent guardrails like transaction simulation and security checks before signing. Pedro's biggest lesson is that Web3 needs TradFi's distribution more than the reverse, since their only real gap is self custody, and closes with the vision that wallet payments will become as safe as card payments through native guardrails. 00:00 Introduction 00:29 Meet WalletConnect and Consensys 01:18 How WalletConnect Is Evolving Toward Payments 01:42 Why Wallet Actions Are Consolidating 02:11 Payments as the Number One Pain Point 02:42 From DeFi QR Code to Payments QR Code 03:12 The Main Categories of Payments 03:53 Consumer, Business, and Cross Border Types 04:13 Why Past Crypto Payments Failed Merchants 04:30 Meeting Users Where They Are 04:59 Embedding Prediction Markets Into MetaMask 05:34 Why Users Pay a Premium to De-Risk 06:05 Is the UX Improving Enough 06:35 Embedded Wallets: Amazon, Revolut, MetaMask 07:12 MetaMask as a Crypto Native Super App 07:32 Breaking Fragmentation With a Unified Standard 08:02 Lessons Learned: Payins vs Payouts 08:44 Why Businesses Want Stablecoin Payouts 09:14 How Payout Demand Surprised the Team 09:30 Why the Wallet Network Was a Competitive Edge 09:49 Why Distribution Is What Matters 10:12 Distribution to Agents and Guardrails 10:31 Where Agentic Commerce Stands Today 10:53 Beast Modes and Trader CLIs 11:15 Stablecoins and Agents at Money 20/20 11:34 The Missing Authorization Piece 12:06 How USDC Pull Payments Made Stablecoins Work 12:34 Why Yolo Mode Is Dangerous for Real Purchases 13:07 Why the MetaMask Agent Wallet Added Guardrails 14:03 Why Agentic PMF Is Still Early 14:23 Misconceptions Web3 Has About TradFi 14:46 Why They Need Us Less Than We Need Them 15:14 Why Self Custody Is the Real Differentiator 15:46 How Wallet Verification Predated the Travel Rule 16:37 Decentralized Identity and Agent Reputation 16:56 Why Self Custody Changes Identity Control 17:30 How DIDs Bridge Server and Wallet Infrastructure 17:52 What Pedro Wants in the Next Six Months 18:20 Learning From Visa and Mastercard's Guardrails 18:40 The Vision of Wallet and Card Payments Merging 18:59 Permissioned Infrastructure by Design 19:29 Closing _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ *ETHConf 2026* ETHConf is a 3 day event for founders, industry leaders, and builders who are excited about the possibilities of building on top of Ethereum. Connect with 2,000+ top innovators in crypto, finance, technology, and policy at our inaugural three-day event packed with showcases, demos, partnerships, and conversations shaping the future of the global economy. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow ETHConf* X: https://x.com/ethconf Website: https://ethconf.com _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🎟️ Get your early bird tickets for ETHConf 2027: https://ethconf.com/2027#tickets 🎤 View the full ETHConf 2026 Speaker Schedule: https://ethconf.com/schedule _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _