Hot Development: Shopify Agreed With This Altcoin!

Shopify, one of the world’s largest e-commerce platforms, announced its collaboration with Solana Pay. The duo will offer users free and real-time payments. The critical partnership comes at a time when altcoin prices are on the lookout for positive news.

Solana Pay integrates with Shopify as new payment option

According to the recently announced partnership, Solana Pay and Shopify will empower millions of entrepreneurs and merchants to accept fast, Web3 native payments with no transaction fees by the end of 2023. This strategic partnership is an important step forward for organizations, fundamentally changing the way they do business with the digital space or digital assets. Also, new use cases are emerging for altcoins and tokens.

Shopify now adopts Solana Pay’s fast and secure payment solutions. The integration offers breakthrough solutions by bringing decentralized and P2P payments to a broad enterprise network. Sellers will now be able to use Solana’s high-speed and low-cost Blockchain technology. In this way, they will be able to easily access benefits such as real-time money management, liquidity control and liability protection.

Josh Fried, Head of Commercial Business Development at the Solana Foundation, said of the partnership:

Solana Pay on Shopify offers millions of merchants a more dynamic and efficient payment option, while consumers reap the convenience and increased benefit of being able to pay for goods and services with digital dollar currencies from the vast network of merchants using Shopify.

Solana Share expands: What does it mean for altcoin prices?

Leading brands such as MonkeDAO, MadLads, Helius and Solana have been quick to adopt Solana Pay. These brands are currently offering Solana Pay as a payment option in their Shopify powered storefronts. It facilitates rewards, NFT-based interactions, and targeted offers. Solana Pay is becoming an inclusive gateway, surpassing traditional QR-based payments.

The collaboration between Solana Pay and Shopify demonstrates the evolution of Blockchain technology in the digital payment world. This collaboration ushers in a new era of smooth and empowered transactions for organizations and consumers. Meanwhile, new use cases for altcoins and tokens are emerging.

How about the Solana price?

Solana market has had a bearish outlook on its price chart since late July. A free fall below the $22.5 level came last week after altcoin bulls failed to break past the $25 resistance zone.

The price was trading on a higher time frame, which altcoin bulls were interested in. The psychological level of $20 was crucial if they were to start the process of pushing prices higher. Solana is currently trading slightly lower at just above $20. As we quoted as Kriptokoin.com, prediction bots continue to keep hopes high.