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Shopify Rolls Out USDC Payments with Solana Pay
Canadian e-commerce giant Shopify (NYSE: SHOP) has integrated Solana Pay into its network, meaning users can now make instant payments with cryptocurrencies like USDC. Although the platform is launching the new feature first with the USD coin stablecoin payments, it will gradually expand to allow more crypto assets soon. According to TechCrunch, the integration is propelled by Shopify’s commitment to widen crypto payment options for businesses on its platform.
The USDC is the first crypto payment option on Shopify due to its ties with the US dollar and its unparalleled regulatory mechanisms. More interestingly, every crypto transaction through this integration will be free of fees until the end of 2023.
A representative of the Solana Foundation, Josh Fried, emphasized the importance of seamless payment infrastructure in the crypto industry. He argued that crypto payment is the real killer app in the industry.
“Some people
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