Solana – SOL Coin

Solana Pay Is Making BIG Moves! 🔥🚀 SOL Crypto Coin

SUBSCRIBE TO THE CHANNEL!!!
👉Support My Work
https://www.patreon.com/bullmarketwatch

👉Let’s Both Get Free Stocks! Sign Up To WeBull With My Link.
https://a.webull.com/i/IPOMarketWatch

👉 IPO Market Watch MERCH:
https://www.youtube.com/channel/UCQ-ycmYXc_1B-Stdn-WdjJw/store

Solana Pay Connects Merchants and Consumers via Stablecoin Payments
Solana Pay will focus on providing online and point of sales via a software development kit for merchants to leverage Solana’s network for plug and pay services
Initial development came via Solana Labs, Checkout.com, Circle and Citcon
Solana has released a set of decentralized payment standards and protocols under a new product — dubbed Solana Pay — designed to cater to dollar-based stablecoin settlements, namely Circle’s USDC, for merchants and consumers.

The protocol will focus on enabling online and point of sales payments with the capacity to move “any volume of digital dollar currencies” transacting on Solana’s blockchain, according to a press release on Tuesday.

The point, Solana argues, lay in the product’s ability to facilitate immediate access to user funds while offering greater liability protection, no holding periods or bank transfer fees when compared to that of traditional financial institutions.

Initial development came via Solana Labs, Checkout.com, Circle and Citcon while Phantom, FTX and Slope worked on digital wallet integrations. Those companies will integrate the product on their existing platforms.

Crypto exchange FTX, for example, has enabled its wallet users to transact via Solana Pay while passenger vehicle rental company Bandago Van Rental offers San Francisco customers the ability to transact via a Solana Pay point of sale integration.

Using the company’s Software Development Kit, Solana said any sized merchant can power peer-to-peer connections to consumers with crypto wallets who can pay in dollar digital currencies such as Circle’s USDC and other Solana-compatible cryptos.

The payments structure leverages Solana’s blockchain, boasting scalability of around 65,000 TPS, near-instant settlement of around 400 milliseconds and fees of around $0.00025 per transaction, according to the release.

#solana #SOLcrypto #solanapay

⚫FACEBOOK
https://facebook.com/groups/659635791621800/
⚫TWITTER
https://twitter.com/watch_ipo

🔥 Disclaimer: Everything expressed in this video is a personal opinion provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence.
Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favour of fair use.

Source

Related Articles

11 Comments

  1. Love it! Sol is going to be used for every day shopping. Sol will be the next visa.

  2. This is great news! I would love to use Solana Pay when supporting small merchants in my area. They should get less transaction fees compared to bigger companies and more profit to strive!

  3. This is so huge. With this kind of thing coming out, the ROI of holding an @angry armadillos of certain other projects will be able to be used for anything, buying your train ticket to doing your shopping.

  4. Fantastic news in solana world!! I use to pay all what I want because I’m solana investitor!! 👍🏻👍🏻 Let’s goooo

  5. This will bring a lot more mainstream attention to Solana! Also be sure to check out Angry Armadillos on SOL amazing NFT on SOL 💪