CoinGate, a well-known cryptocurrency payment processor, has unveiled the incorporation of the Solana (SOL) network into its payment gateway.
Effective today, May 14, merchants have the option to receive Solana (SOL) as a form of payment currency through CoinGate's platform.
Furthermore, the USD Coin (USDC) stablecoin is set to launch on the Solana network, with the potential addition of Tether (USDT) and select memecoins in the coming days.
Why was Solana integrated into CoinGate?
Because of its remarkable speed and efficiency, Solana stands out in the blockchain world and is highly favored by cryptocurrency fans.
According to Coin98 Analytics, Solana is presently the fifth most popular blockchain with 868,000 active users every day.
CoinGate will increase orders for its merchants by utilizing Solana's vast user base and cutting-edge technologies.
Solana is a perfect complement to CoinGate's growing array of payment choices due to its strong features and growing popularity.
Co-Founder of CoinGate Dmitrijus Borisenka provided some details about the integration, saying:
"It's a delight for us and the Solana community to welcome Solana into the CoinGate family. Since Solana integration will increase sales and attract new clients, we anticipate that our clients would feel the same way. Given the Solana ecosystem's current prominence, it may as well be a game-changer."
Information about the Solana debut
Upon launch, SOL will be enabled automatically for every seller.
Users merely need to select the Currency Settings tab by clicking the edit icon on the integration method of their choice in order to control SOL payments.
The availability of SOL to merchants is anticipated to stimulate an increase in orders and attract a broader customer base, thereby strengthening Solana's standing as a leading blockchain ecosystem.
Through this integration, CoinGate demonstrates its ongoing commitment to addressing the dynamic requirements of the crypto community and streamlining transactions for its users.
May 2024, Cryptoniteuae