Solana Pay is now integrated with Shopify, providing web3-native payments to e-commerce platform merchants.
Long-standing online shopping giants are now Web3 commerce portals, allowing cross-border transactions and rewarding customers with token-based incentives and NFT loyalty scheme. This approach intends to provide millions of retailers easy access to crypto transactions.
USD Coin (USDC) will be the initial payment gateway for this integration. Solana is also thinking about adding other digital assets like SOL and BONK.
Solana Pay was created to facilitate dollar-pegged stablecoin transactions for online and point-of-sale interactions. With 11.5 million active users and low transaction costs, Solana's ecosystem already has backing from prominent crypto companies such as Circle and Phantom.