Shopify integrates with ‘zero-fee’ Solana Pay, prompting businesses to adopt crypto transactions | Headlines | News | CoinMarketCap

08/23/2023 21:18
Shopify integrates with ‘zero-fee’ Solana Pay, prompting businesses to adopt crypto transactions | Headlines | News | CoinMarketCap

Solana Pay, the decentralized payment protocol by Solana Labs, has integrated with Shopify. This strategic integration allows millions of businesses …

Solana Pay, the decentralized payment protocol by Solana Labs, has integrated with Shopify. This strategic integration allows millions of businesses on Shopify’s platform to leverage Solana Pay for crypto transactions with zero transaction fees until 2024.

A post on the Solana official X profile, linking to a TechCrunch article read;

“Today, Solana Pay integrates with Shopify, empowering the millions of entrepreneurs and merchants on Shopify to accept fast, web3 native payments with no transaction fees through the end of 2023.”

Launched in Feb. 2022, Solana Pay is built on Solana, and the initial payment option for this integration is USDC, the second-largest stablecoin by market capitalization. The choice of USDC, as Josh Fried of Solana Foundation told TechCrunch, is strategic, …

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