BitPay Expands Crypto Capabilities with Solana Integration
BitPay, a top cryptocurrency payment processor, has now embraced the Solana blockchain. This move allows both individuals and businesses to buy,store,and trade Solana-connected assets right from their BitPay Wallets.
BitPay saeid in a recent announcement, “Adding Solana expands options for using stablecoins, ensuring smoother and less expensive transactions.” According to BitPayS CMO, Bill Zielke, merchants get new tools to handle digital money quickly.
This new partnership means users can connect popular Solana wallets like Phantom, solflare, and Backpack directly to their BitPay accounts. Soon, BitPay expects to offer payouts via Solana too. the 1916 Company, a high-end retailer, is already taking advantage of these Solana payments. Their CEO, John Shmerler, praised the system for its cost-effectiveness and speed.
Solana isn’t just for BitPay anymore. visa uses it for settling stablecoin transactions. Similarly, tech giant fiserv aims at launching a bank-oriented stablecoin using Solana.These developments reflect Solana’s popularity for secure and fast financial actions.
As major payment networks turn to Solana due to its efficiency, the blockchain keeps gaining welcomed recognition in mainstream finance sectors. Its capacity to streamline payment processes is steadily attracting greater interest.
