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Shopify Customers Can Now Pay In USDC Via Solana Pay
The payment protocol, built on the Solana blockchain, has been integrated into Shopify.
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Shopify customers can now pay in USDC via an integration with Solana Pay, the payment protocol on the Solana blockchain. (Shopify)
Solana Pay, the payment protocol built on the Solana blockchain, is now plugged into e-commerce giant Shopify, allowing users to pay in USD Coin (USDC), the companies announced Wednesday.
With the integration, users will be able to connect Solana-centric crypto wallets, like Phantom or Slope, and settle payments on-chain with merchants using USDC.
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While USDC, one of the most popular dollar-linked stablecoins, is the first payment option to be enabled via the integration, other crypto assets will follow in the future, a representative of the Solana Foundation told CoinDesk.
“Solana Pay on Shopify opens up millions of merchants to a more dynamic and efficient payment choice, while consumers get the convenience and increased utility of being able to pay for goods and services with digital dollar currencies from the vast network of merchants using Shopify,” said Josh Fried, head of commerce business development at the Solana Foundation, in a statement.
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Solana Pay went live in early 2022 to help merchants accept crypto payments, with Checkout.com, Circle and Citcon supporting the protocol.
Edited by Bradley Keoun.
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Helene is a New York-based news reporter at CoinDesk covering U.S. crypto exchanges and Wall Street. She is a recent graduate of New York University’s business and economic reporting program and has appeared on CBS News and Nasdaq TradeTalks where she talked about the market. She holds BTC and ETH.
