Solana Pay, a decentralized payment protocol by Solana Labs, has integrated its plug-in with Shopify, allowing millions businesses on its platform to use it for payments, TechCrunch was told exclusively.
Solana Pay launched in February 2022 and is built on top of the layer-1 blockchain Solana. USDC, the second largest stablecoin with a market capitalization of $25.9 billion, will be the initial payment option for this integration, Josh Fried, business development and partnerships at Solana Foundation, told TechCrunch.
Going with USDC first wasn’t unintentional. Most merchants probably are probably more willing to accept something so closely tied to the dollar. USDC is also more regulated than, say, many altcoins, and consumers in general are already used to transacting in digital dollars. But the protocol will consider adding cryptocurrencies like SOL and Read Entire Article
