Solana Mobile Sales Highlight Potential Of Blockchain Payments, Generating $45M With Zero Fees
Portfolio Pulse from Murtuza Merchant
Solana, in partnership with Helio, pre-sold 100,000 mobile phones, generating $45 million with zero fees using the Solana Pay plugin and USD Coin. This showcases the potential of blockchain payments in e-commerce by offering significant cost savings and eliminating intermediaries. Over half of the payments were processed through Solana Pay, indicating a growing consumer interest in blockchain-based transactions. Solana's stock rose 3.5% amid these developments and Bitcoin's market cap reaching $1 trillion.
February 14, 2024 | 9:43 pm
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POSITIVE IMPACT
Solana's partnership with Helio for pre-selling 100,000 phones, generating $45 million with zero fees, showcases the potential of blockchain in e-commerce and could attract more interest in Solana's technology.
The successful pre-sale of mobile phones using Solana's blockchain technology for payment processing demonstrates the practical utility and cost-effectiveness of Solana's platform, potentially increasing investor confidence and demand for SOL.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
The use of USD Coin (USDC) for processing $45 million in sales with zero fees underlines the efficiency and cost-effectiveness of using stablecoins for large-scale transactions in e-commerce.
The utilization of USDC for processing transactions without any fees highlights the advantages of stablecoins in reducing transaction costs in e-commerce, potentially increasing its adoption and demand.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80