Shopify Customers Can Now Pay In USDC Via Solana Pay

Solana Pay, the outgo protocol built connected the Solana blockchain, is present plugged into e-commerce elephantine Shopify, allowing users to wage successful USD Coin (USDC), the companies announced Wednesday.

With the integration, users volition beryllium capable to link Solana-centric crypto wallets, similar Phantom oregon Slope, and settee payments on-chain with merchants utilizing USDC.

While USDC, 1 of the astir fashionable dollar-linked stablecoins, is the archetypal outgo enactment to beryllium enabled via the integration, different crypto assets volition travel successful the future, a typical of the Solana Foundation told CoinDesk.

"When reasoning astir this integration, we chose a stablecoin due to the fact that merchants and consumers "think successful dollars,”  Josh Fried, caput of commerce concern improvement astatine the Solana Foundation told CoinDesk. ”It creates a overmuch simpler introduction constituent erstwhile pricing is successful a currency consumers and merchants people understand.”

When paying with USDC, transactions volition beryllium settled astir instantly arsenic opposed to astir recognition paper payments which tin instrumentality respective days to clear, Fried said.

UPDATE (Aug. 23, 20:43 UTC): Adds comments from Josh Fried, caput of commerce concern improvement astatine the Solana Foundation.