Shopify adds USDC payments through Solana Pay
Shopify integrates with Solana Pay, offering businesses Web3 features including international payments and NFT rewards.
Shopify has included Web3 features, such as international payments and NFT rewards, by joining with Solana Pay.
Solana Pay's connection with Shopify Solana Pay is now linked with Shopify. This allows online businesses to use it for sales.
By the end of 2023, many business owners will use no-cost, Web3 payments, the team shared.
Benefits of this integration Using Shopify, payments can now lead to a Web3 shopping experience. This includes international sales, token rewards, and NFT benefits for businesses using Solana Pay.
Josh Fried from Solana shared with TechCrunch that the first payment method in this Shopify link will be USD Coin. This choice hopes to get businesses that prefer payments similar to the US dollar.
Future plans and other details Solana might also add other digital money like SOL and BONK.
Solana Pay, started last year, helps with stablecoin payments for sellers and buyers. It works for both online and in-person sales. Solana's system can handle many digital dollar trades.
Solana has 11.5 million active users and very low transaction costs.
Who supports Solana Pay? Big crypto groups like Circle and Phantom, and payment companies like Checkout.com and Citcon, support Solana Pay.
Also, Solana projects and their online stores on Shopify use Solana Pay.
Solana Labs’ phone also uses this payment way.
Shopify's past Web3 work Before this, Shopify let businesses give NFT rewards and sell NFTs to customers.
