Shopify Adds Solana Pay to Its Platform to Allow USDC Payments - Decrypt

Solana Pay, the decentralized payment app developed by Solana Labs, has been integrated with Shopify, allowing millions of businesses to offer Solana Pay as a payment option to their customers, with initial integration featuring the USDC stablecoin. The integration offers fee-free transactions and the potential for creative loyalty programs, and several crypto-focused teams and brands have already planned to integrate Solana Pay into their Shopify storefronts.

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8/23/2023

Solana DEX aims to move price discovery on-chain

Phoenix, a new decentralized exchange (DEX) called Phoenix, has launched on the Solana mainnet with the goal of bringing on-chain price discovery to crypto assets, beginning with Solana's native token SOL. The team behind Phoenix aims to create a world where financial transactions happen on-chain and sees Solana as the ideal platform due to its scalability and protocol design capabilities. They believe that existing DEXs, such as Uniswap, are limited in terms of market mechanisms and are not competitive with traditional finance. Despite some challenges, the team is optimistic about the future of Solana-native assets in the tokenized asset space.

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In a surprise tie-up, Shopify merchants will be able to offer Amazon's 'Buy with Prime' option

Shopify merchants can now offer "Buy with Prime" on their Shopify stores, allowing online consumers to use their Amazon wallet for payments and receive fast, free delivery and returns through Amazon's fulfillment network.

9/5/2023

Visa to send stablecoin USDC over Solana to help pay merchants in crypto

Visa has announced a pilot program to send USDC, the second-largest stablecoin, to select merchants using the Solana blockchain, allowing for faster transaction processing than Ethereum, as the payments giant continues to explore the potential of stablecoins in the payments industry.

9/5/2023

Visa taps into Solana to widen USDC payment capability

Global payments firm Visa has expanded its stablecoin settlement capability to include USD Coin (USDC) tokens issued on the Solana blockchain, allowing for faster and more efficient cross-border settlements.

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Posted 8/23/2023, 8:08:21 PM

Shopify Adds Solana Pay to Its Platform to Allow USDC Payments - Decrypt

decrypt.co

Relevant topic timeline:

8/23/2023

Solana DEX aims to move price discovery on-chain

8/31/2023

In a surprise tie-up, Shopify merchants will be able to offer Amazon's 'Buy with Prime' option

9/5/2023

Visa to send stablecoin USDC over Solana to help pay merchants in crypto

9/5/2023

Visa taps into Solana to widen USDC payment capability