diff --git a/ios/Podfile.lock b/ios/Podfile.lock
index 6876f8d906a..b39c45dbc02 100644
--- a/ios/Podfile.lock
+++ b/ios/Podfile.lock
@@ -572,7 +572,7 @@ PODS:
     - React-Core
   - react-native-camera/RN (4.2.1):
     - React-Core
-  - react-native-compat (2.15.2):
+  - react-native-compat (2.16.1):
     - RCT-Folly (= 2021.07.22.00)
     - React-Core
   - react-native-config (1.5.3):
@@ -1264,7 +1264,7 @@ SPEC CHECKSUMS:
   React-logger: ed7c9e01e58529065e7da6bf8318baf15024283e
   react-native-adjust: 83114d391a4a7a438e2c4d8e8137bc7810e7076f
   react-native-camera: 3eae183c1d111103963f3dd913b65d01aef8110f
-  react-native-compat: 6ea87c69265c4fb6263de268eff1de48547b7f1c
+  react-native-compat: 4c9ab93f93b5ab6dcc1176a1cd0a09708ff52a3a
   react-native-config: 8f7283449bbb048902f4e764affbbf24504454af
   react-native-contacts: fd1614c74777089ebb6b0a0e3847dd78130ef9f4
   react-native-cookies: 672b2431ca44da2e2942af086d0c83aae42b989a
diff --git a/package.json b/package.json
index f528d00cc0b..bd401880fec 100644
--- a/package.json
+++ b/package.json
@@ -110,7 +110,7 @@
     "@toruslabs/constants": "^14.0.0",
     "@toruslabs/fetch-node-details": "^14.0.1",
     "@toruslabs/torus.js": "^15.0.4",
-    "@walletconnect/react-native-compat": "^2.15.2",
+    "@walletconnect/react-native-compat": "^2.16.0",
     "@walletconnect/utils": "^2.15.2",
     "@walletconnect/web3wallet": "^1.14.2",
     "bignumber.js": "^9.1.2",
diff --git a/yarn.lock b/yarn.lock
index 3fd2ec8657d..2a805c45a1b 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5004,10 +5004,10 @@
     "@walletconnect/safe-json" "^1.0.2"
     pino "7.11.0"
 
-"@walletconnect/react-native-compat@^2.15.2":
-  version "2.15.2"
-  resolved "https://registry.yarnpkg.com/@walletconnect/react-native-compat/-/react-native-compat-2.15.2.tgz#4461cdc3a2691186e1314863515c0e3e68590fbf"
-  integrity sha512-4DBvJqNjEUD25peYScTq2IEr7hDhQSasWfIB/2ovliU2xrUz29KTPmFugkcm/nbW+w5Z3LDfY32L6ceUhf2B9A==
+"@walletconnect/react-native-compat@^2.16.0":
+  version "2.16.1"
+  resolved "https://registry.yarnpkg.com/@walletconnect/react-native-compat/-/react-native-compat-2.16.1.tgz#7202cfec115993fdc0abd77b72201fa8a89501eb"
+  integrity sha512-MoVZAzKOQhnze8fLpS8XiVDRZRDb38AOasBA16jTssX3779HeYQkn0xieLU47OBz3WOMuGv0++6CivoXhwaBEg==
   dependencies:
     events "3.3.0"
     fast-text-encoding "1.0.6"