Bitpay cryptocurrency operator integrated SOLANA blockchain blockchain into his platform. Now, buyers and sellers have the opportunity to store, send, receive, exchange and make transactions with SOL, as well as with stabilcoins created on the basis of the SOLANA network.

BILL ZIELKE Director of Bitpay said that integration with SOLANA will contribute to the use of stabilcoins in international payments. Buyers will be able to pay for goods and services in a faster and more economical way, and the receiving payments through Bitpay will be able to receive funds without the need to store and convert cryptocurrency.

Thanks to integration, users will have the opportunity to use crypto -acting based on SOLANA directly in the Bitpay wallet. Payments can also be made from the external SOLANA wallets, including Phantom, Solflare and Backpack.

The seller of the clock and jewelry of the luxury class, The 1916 was one of the first to start receiving SOLANA through Bitpay. According to John Shmerler, CEO, the main advantage of receiving payment in cryptocurrencies is low commissions for both customers and the seller.

SOLANA blockchain is increasingly integrated into payment platforms that choose it for the throughput and transaction costs. SOLANA is integrated into the VISA calculated platform for transactions with stablecoins – along with the cryptocurrencies ETH, Stellar (XLM) and Avalanche (AVAX).

The international FISERV payment technology supplier, which is part of the Fortune 500 list and traded on the New York Stock Exchange (NYSE), plans to launch Stablecoin on SOLANA in the coming months. Last year, SOLANA blockchain has added a platform for tracking the onchain-data Arkham.

According to last year’s observations of Bitpay, the XRP coin was increasingly used to make payments – the number of payment transactions with the XRP increased by 42%.