Solana Pay, the decentralized payment app developed by Solana Labs, has been added as an option for companies that use the leading e-commerce platform Shopify.

That means the millions of businesses that use Shopify can offer customers Solana Pay as a payment option. Its initial integration will feature USDC – the second-largest stablecoin with a $25.9 billion market capitalization, according to CoinGecko.

“Some people argue the killer app for crypto hasn’t arrived, but it has: it’s payments,” Josh Fried, business development and partnerships at Solana Foundation, told TechCrunch. “[Everyone] should be doubling down on this.”

Fried emphasized that this choice was deliberate. Given USDC’s close tie to the U.S. dollar and its regulatory compliance compared to other coins, it stands as an attractive option for merchants and consumers alike. That said, the protocol will consider incorporating additional cryptocurrencies like the network’s native SOL token and BONK, a doge-themed meme coin, in the future.

USDC issuer Circle has already directly embraced Solana Pay, as has the popular Solana wallet Phantom, and the payment processor Checkout.com.

Go to Source to See Full Article
Author: Andrew Throuvalas

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details