The San Fransisco-based organisation has announced that it is now available to millions of businesses as an approved app integration with Shopify Inc., the leading global commerce company that provides essential internet infrastructure for commerce.
The new service is set to make it easy for merchants to get real-time access to their money and greater ability to manage working capital, liquidity, and liability protection, while eliminating the need for bank fees, chargebacks, and holding times.
Josh Fried, Head of Commerce Business Development, Solana Foundation, said: “Solana Pay on Shopify opens up millions of merchants to a more dynamic and efficient payment choice, while consumers get the convenience and increased utility of being able to pay for goods and services with digital dollar currencies from the vast network of merchants using Shopify.”
An extra benefit for merchants and consumers of using Solana Pay: Payments become a gateway for web3-enabled commerce experiences, including token-gated offers, simple cross-border payments, and NFT-based loyalty programs.
Several brands currently active on Solana have already committed to making Solana Pay a payment option in their Shopify-powered storefronts, seeing the opportunity of providing a web3-native payment option for their web3-savvy customers.
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