The colossal e-commerce platform Shopify has connected with Solana’s payment system Solana Pay.
“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,” said Josh Fried, Head of Commerce Business Development at the Solana Foundation.
In February 2022, Solana Labs introduced Solana Pay to enable businesses to accept cryptocurrency payments from customers. Solana Pay removes bank costs, chargebacks, and holding periods by allowing buyers and sellers to transact directly using USD stablecoins that are Solana compatible.
Web3 changes on Shopify
According to the website for the platform, Shopify has facilitated over $444 billion in commercial activity and is accessible in 170 countries. Other steps taken by the company toward web3 include enabling retailers to sell NFTs directly to customers and to provide NFT-based loyalty benefits.
