BitPay Adds Solana Support for Enhanced Crypto Transactions
BitPay,a top crypto payment processor,has introduced Solana (SOL) on its platform. This move improves stablecoin payments.
Users can now buy, store, send, receive, and swap SOL and Solana-based stablecoins like USDC and USDT directly via BitPay Wallet. External wallets like Phantom, Solflare, and backpack also support payments.
Bill Zielke, CMO of BitPay, stated, “Integrating Solana supports faster, cheaper transactions.”
The 1916 Company, a luxury watch and jewelry store, is early to accept Solana payments. CEO John Shmerler praised Solana’s efficiency and low fees for businesses and customers alike.
Solana gains traction in mainstream finance. Major networks like Visa and Fiserv integrate Solana for stablecoin transactions. visa uses Solana in its settlement platform, alongside Ethereum.
Fiserv, a Fortune 500 NYSE-listed firm, plans to launch a bank-amiable stablecoin on Solana soon.
These developments highlight Solana’s rising adoption due to high throughput and low transaction costs, making cross-border and on-chain payments faster and more efficient.
