'Pay' Product Looks to Boost Stablecoin Payments on Solana

Posted on by American Coins & Gold

'Pay' Product Looks to Boost Stablecoin Payments on Solana
Cryptocurrency’s original use-case – payments – are getting a boost on the Solana blockchain.New software co-developed by Solana Labs intends to help merchants accept crypto payments over the Solana network. Checkout.com, Circle and Citcon are supporting “Solana Pay,” which debuted Tuesday with integrations with FTX and ecosystem wallets Phantom and Slope.The software development kit (SDK) takes crypto in and spits crypto out. Obvious, maybe – but a notable difference from some of the market’s better known crypto-to-fiat rails. Virtually every merchant paid with a “crypto credit card” sees their payments settled in cash.Crypto payments have been central to the industry…