Solana Labs announced the integration of its decentralized payment protocol – Solana Pay – with e-commerce giant Shopify as a new payment option. The move will enable millions of businesses operating on the Shopify platform to leverage Solana Pay for their payment needs.
Initially, USDC payments will be accepted via the integration, but more crypto-assets will added down the line.
Solana Pay x Shopify
According to the official press release, Solana Pay will essentially eliminate bank fees, chargebacks, and holding times while allowing immediate, direct payment settlement of USD stablecoins compatible with Solana.
Furthermore, merchants and consumers using Solana Pay will also be able to benefit from Web3-enabled commerce experiences, such as token-gated offers, simple cross-border payments, as well as NFT-based loyalty programs.
Commenting on the development, Solana Foundation’s Head of Commerce Business Development, Josh Fried, said,
“Solana Pay on Shopify opens up millions of
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