Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Shopify Adds Solana Pay to Its Platform to Allow USDC Payments

Altszn.com by Altszn.com
August 23, 2023
in Solana
0
Shopify Adds Solana Pay to Its Platform to Allow USDC Payments
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

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.

Compared to credit card processing fees which can cost as high as 3.5% per transaction, Fried said Solana Pay is effectively “fee-free.” According to Solana Beach, transactions cost roughly 0.000005 SOL at writing time, worth fractions of a penny.

The integration also lets merchants establish creative loyalty programs, including innovative systems like NFT loyalty tokens. For example, customers making repeat purchases through Solana Pay could receive discounts or other rewards.

Several crypto-focused teams and brands, including Helius, Mad Lads, and MonkeDAO, are already on board to integrate Solana Pay into their Shopify storefronts.

Shopify contributes to 10% of total U.S. e-commerce and facilitates economic activity worth $444 billion worldwide. The platform is itself no stranger to crypto, having integrated Strike for Bitcoin lightning network payments last year, alongside other platforms like Coinbase Commerce and Bitpay.

Though a faster and cheaper layer 1 blockchain than both Bitcoin and Ethereum, Solana is notorious for encountering multiple network outages. That said, the network has experienced zero downtime since February.

Stay on top of crypto news, get daily updates in your inbox.

[ad_2]

Read More: decrypt.co

Tags: addsPaypaymentsplatformShopifySolanaUSDC
ADVERTISEMENT

Recent

VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

June 15, 2025
Is it the future of finance?

Is it the future of finance?

June 15, 2025
U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets

U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets

June 10, 2025

Categories

  • Bitcoin (4,166)
  • Blockchain (10,030)
  • Crypto (7,957)
  • Dark Web (321)
  • DeFi (7,749)
  • Ethereum (4,151)
  • Metaverse (5,986)
  • Monero (180)
  • NFT (674)
  • Solana (4,780)
  • Web3 (18,746)
  • Zcash (426)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

    VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

    June 15, 2025
    Is it the future of finance?

    Is it the future of finance?

    June 15, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 104,455.00
    • ethereumEthereum (ETH) $ 2,510.90
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.15
    • bnbBNB (BNB) $ 643.62
    • solanaSolana (SOL) $ 145.08
    • usd-coinUSDC (USDC) $ 0.999798
    • tronTRON (TRX) $ 0.273508
    • dogecoinDogecoin (DOGE) $ 0.167776
    • staked-etherLido Staked Ether (STETH) $ 2,510.03
    • cardanoCardano (ADA) $ 0.590663
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,315.00
    • hyperliquidHyperliquid (HYPE) $ 35.83
    • wrapped-stethWrapped stETH (WSTETH) $ 3,023.02
    • bitcoin-cashBitcoin Cash (BCH) $ 491.08
    • suiSui (SUI) $ 2.79
    • chainlinkChainlink (LINK) $ 12.92
    • leo-tokenLEO Token (LEO) $ 9.01
    • stellarStellar (XLM) $ 0.247642
    • avalanche-2Avalanche (AVAX) $ 17.91
    • the-open-networkToncoin (TON) $ 2.95
    • usdsUSDS (USDS) $ 0.999755
    • whitebitWhiteBIT Coin (WBT) $ 49.34
    • shiba-inuShiba Inu (SHIB) $ 0.000011
    • wethWETH (WETH) $ 2,509.36
    • wrapped-eethWrapped eETH (WEETH) $ 2,683.31
    • litecoinLitecoin (LTC) $ 84.59
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999480
    • hedera-hashgraphHedera (HBAR) $ 0.146112
    • moneroMonero (XMR) $ 306.49
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • polkadotPolkadot (DOT) $ 3.48
    • bitget-tokenBitget Token (BGB) $ 4.26
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,439.00
    • uniswapUniswap (UNI) $ 7.52
    • pepePepe (PEPE) $ 0.000010
    • pi-networkPi Network (PI) $ 0.537428
    • aaveAave (AAVE) $ 252.65
    • daiDai (DAI) $ 0.999616
    • okbOKB (OKB) $ 53.72
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • bittensorBittensor (TAO) $ 344.67
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.090336
    • aptosAptos (APT) $ 4.34
    • internet-computerInternet Computer (ICP) $ 5.02
    • nearNEAR Protocol (NEAR) $ 2.13
    • jito-staked-solJito Staked SOL (JITOSOL) $ 175.78
    • susdssUSDS (SUSDS) $ 1.06
    • ethereum-classicEthereum Classic (ETC) $ 16.47
    • bitcoinBitcoin (BTC) $ 104,455.00
    • ethereumEthereum (ETH) $ 2,510.90
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.15
    • bnbBNB (BNB) $ 643.62
    • solanaSolana (SOL) $ 145.08
    • usd-coinUSDC (USDC) $ 0.999798
    • tronTRON (TRX) $ 0.273508
    • dogecoinDogecoin (DOGE) $ 0.167776
    • staked-etherLido Staked Ether (STETH) $ 2,510.03
    • cardanoCardano (ADA) $ 0.590663
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,315.00
    • hyperliquidHyperliquid (HYPE) $ 35.83
    • wrapped-stethWrapped stETH (WSTETH) $ 3,023.02
    • bitcoin-cashBitcoin Cash (BCH) $ 491.08
    • suiSui (SUI) $ 2.79
    • chainlinkChainlink (LINK) $ 12.92
    • leo-tokenLEO Token (LEO) $ 9.01
    • stellarStellar (XLM) $ 0.247642
    • avalanche-2Avalanche (AVAX) $ 17.91
    • the-open-networkToncoin (TON) $ 2.95
    • usdsUSDS (USDS) $ 0.999755
    • whitebitWhiteBIT Coin (WBT) $ 49.34
    • shiba-inuShiba Inu (SHIB) $ 0.000011
    • wethWETH (WETH) $ 2,509.36
    • wrapped-eethWrapped eETH (WEETH) $ 2,683.31
    • litecoinLitecoin (LTC) $ 84.59
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999480
    • hedera-hashgraphHedera (HBAR) $ 0.146112
    • moneroMonero (XMR) $ 306.49
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • polkadotPolkadot (DOT) $ 3.48
    • bitget-tokenBitget Token (BGB) $ 4.26
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,439.00
    • uniswapUniswap (UNI) $ 7.52
    • pepePepe (PEPE) $ 0.000010
    • pi-networkPi Network (PI) $ 0.537428
    • aaveAave (AAVE) $ 252.65
    • daiDai (DAI) $ 0.999616
    • okbOKB (OKB) $ 53.72
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • bittensorBittensor (TAO) $ 344.67
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • crypto-com-chainCronos (CRO) $ 0.090336
    • aptosAptos (APT) $ 4.34
    • internet-computerInternet Computer (ICP) $ 5.02
    • nearNEAR Protocol (NEAR) $ 2.13
    • jito-staked-solJito Staked SOL (JITOSOL) $ 175.78
    • susdssUSDS (SUSDS) $ 1.06
    • ethereum-classicEthereum Classic (ETC) $ 16.47