Hassan Maishera
TL;DR
-
Shopify has integrated Solana Pay into its platform, allowing users to pay for items in USDC.
-
The integration could see other crypto assets get accepted on Shopify in the future.
Solana Pay Integrates With Shopify
Solana Pay, the payment protocol built on the Solana blockchain, has been integrated into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC).
The two companies made this announcement late on Wednesday. Thanks to this latest development, users can connect Solana-centric crypto wallets, like Phantom or Slope, and settle payments on-chain with merchants using USDC.
The Solana Foundation said while USDC is the first coin accepted via this integration, other cryptocurrency assets would follow in the future.
Josh Fried, Head of Commerce Business Development, Solana Foundation, stated that;
"Solana Pay on Shopify opens up millions of merchants to a more dynamic and efficient payment choice, while consumers get the convenience and increased utility of being able to pay for goods and services with digital dollar currencies from the vast network of merchants using Shopify."
Fried added that when paying with USDC, transactions would be settled almost instantly, which is better than credit card payments, which can take several days to be processed.
Solana Pay was launched early last year with the aim of helping merchants accept cryptocurrency payments. Checkout.com, Circle and Citcon currently support the Solana Pay protocol.
