Solana Pay Integrates With Shopify As New Payment Option To Transform Commerce
Portfolio Pulse from Happy Mohamed
Solana Pay, a decentralized payment protocol built on Solana by Solana Labs, has been integrated with Shopify, providing millions of businesses with a new payment option. Solana Pay eliminates bank fees, chargebacks, and holding times, enabling immediate, direct payment settlement of USD stablecoins compatible with Solana. Several brands active on Solana, including MonkeDAO, MadLads, Helius, and Solana's merch store, have committed to making Solana Pay a payment option in their Shopify-powered storefronts.
August 23, 2023 | 1:13 pm
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POSITIVE IMPACT
Shopify has integrated Solana Pay as a new payment option, potentially attracting more businesses and consumers due to the benefits of decentralized payments.
The integration of Solana Pay with Shopify could attract more businesses and consumers due to the benefits of decentralized payments, such as elimination of bank fees and immediate payment settlement. This could potentially increase Shopify's user base and revenue.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The integration of Solana Pay with Shopify could increase the usage and demand for Solana, potentially leading to an increase in its price.
The integration of Solana Pay with Shopify could increase the usage and demand for Solana as it becomes a payment option for millions of businesses. This increased demand could potentially lead to an increase in the price of Solana.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100