Solana Pay Integrated With Shopify For Stablecoin Payments

JAKARTA - Solana Pay, a crypto-based payment system, will connect with Shopify, one of the world's largest e-commerce platforms, to provide new and innovative payment options.

The Solana Foundation, which developed Solana Pay, announced that this protocol will be one of the payment options available on Shopify.

Through Solana's official page, they explained, "Payments must be accessible, fast, and unrestricted: With Solana Pay, we can get rid of bank fees, payment rejections, and time delays. This allows for direct and fast payment settlements with USD stablecoins compatible with Solana."

This integration of Shopify payments could open up new opportunities for web3-based trading experience, allowing merchants and consumers who use Solana Pay to access:

In a conversation with TechCrunch, Josh Fried, who is responsible for business development and partnerships at the Solana Foundation, revealed that the USDC Circle will be the first integrable stablecoin.

"Many are talking about revolutionary applications in the crypto world, and in my opinion, the app is here: that is payment... Everyone should double this advantage," Josh Fried said.

According to Fried, Solana Labs believes that the Solana blockchain is "very suitable for payment" because it does not involve intermediaries, bank fees, rejection of payments, and waiting times.

"The speed is crucial in payment for traders. No one wants to wait long when transacting with a wallet. Likewise at the cashier, can you imagine having to wait three minutes for your payment to be processed? It's not the experience anyone wants."