Solana Labs has announced the integration of its decentralized payment protocol, Solana Pay, with Shopify, a major e-commerce platform. This integration will enable businesses to facilitate payments using USDC, a stablecoin closely tied to the U.S. dollar. The protocol will also consider adding cryptocurrencies like SOL and BONK in the future.Shopify, representing 10% of U.S. e-commerce, is no stranger to expansive financial moves. With an economic activity value reaching $444 billion globally, its foray into the Solana ecosystem is poised to leverage the Solana ecosystem.The integration of Solana Pay with Shopify offers merchants an attractive alternative to traditional financial services, as transaction costs are nearly inconsequential, dwindling to mere fractions of a penny on the Solana blockchain. This partnership has garnered attention from numerous crypto-focused organizations, such as Helius, Mad Lads, and MonkeDAO.Shopify has a history of exploring and embracing blockchain-driven solutions, such as NFT integration and token-gated applications. This integration with Solana Pay is the latest in a series of moves to leverage blockchain technology.
| Information |
Details |
| Geography |
North America |
| Countries |
🇺🇸 🇨🇦 |
| Sentiment |
positive |
| Relevance Score |
9 |
| People |
Josh Fried, Helius, Mad Lads, MonkeDAO |
| Companies |
Solana Labs, Shopify, Solana Foundation, Helius, Mad Lads, MonkeDAO |
| Currencies |
USDC, SOL, BONK, Bitcoin, Ethereum |
| Securities |
None |
