Faith Last Updated August 23, 2023 @ 21:51
Solana Pay, the decentralized payment protocol by Solana Labs, has launched a plugin with Shopify to facilitate crypto transactions with zero fees until 2024. Solana Pay is based on layer-1 blockchain technology, giving millions of businesses on Shopify ability to process crypto payments with no additional cost. To pay, Shopify customers can use USDC – second largest stablecoin with current market capitalization of $25.9 billion. Josh Fried, Head of Commerce Business Development, highly recommends USDC due to its correlation to the dollar as well as its regulatory compliance. Aside from that, the official hinted at the possible addition of crypto payments with SOL and the meme token Bonk (BONK).
The use of Solana Pay by merchants receives its orders, turns out to be much more cost-friendly than credit cards. While the average fee per transaction of the former is of $0.00025, credit card processing costs soar between 1.5-3.5%. This plugin helps bridge Solana and the 11.5 million active user accounts that it has established. Together they will open avenues for global economic activity worth $444 billion.
While the integration with Shopify might be the “killer app” for crypto Fried believes in, not too far behind we find that the platform has liberally indulged in the notorious NFTs. Just last month, merchants employing rebels loyalty program provided customers with NFT-based rewards and also started selling NFTs like they were mere commodities. Solana Saga, the enhanced mobile phone bedecked with Solana Pay, launched recently with its retail price witness a slump from Lesse 12 Easy Payments Of $83.};X/$999 to just QuickBuild Say Hi to 5服.Cryptot Proper Security For Your Crypto From – Just in itBig ShoesLedger From Just
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