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Solana Pay debuts as new standard for using blockchain for digital commerce and physical goods transactions
Solana Pay launched today, providing merchants and consumers with a new set of decentralized payment standards and protocols to enable direct acceptance and settlement of digital dollar currency, such as USD Coin (USDC), at the point of sale and online.
Solana Pay ushers in new commerce capabilities and the ability for merchants to accept and move any volume of digital dollar currencies compatible with the Solana blockchain at any hour, anywhere in the world, for disruptively low fees measured in fractions of a cent.
Solana Pay was developed as a decentralized, open peer-to-peer protocol with the initial support of Solana Labs, Circle, Checkout.com, Ci
Solana Pay is now available for wider adoption and customization by ecosystem participants – including large and small merchants, ecommerce platforms, POS providers, and a broad array of payment service providers – who want to define the next generation of payments. For more information, merchants should go here and developers should go here.
“Solana Pay gives merchants a new, simplified framework to transact with their customers, enabling them to accept and settle funds directly with no intermediaries, zero fraud liability, and processing fees measured in fractions of a cent,” said Sheraz Shere, Head of Payments at Solana Labs. “Solana Pay transforms outdated one-way transaction models into powerful, two-way merchant-to-consumer relationships, giving brands and retailers a direct channel to surprise and delight their customers in new ways.”
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