Fun

News Feed - 2023-08-24 01:08:00

Ana Paula Pereira7 hours agoShopify to accept USDC payments with Solana: ReportSolana Pay has reportedly been added to Shopify’s payment solutions, giving millions of merchants access to cryptocurrencies.2200 Total views80 Total sharesListen to article 0:00NewsJoin us on social networksE-commerce giant Shopify has added Solana Pay to its pool of options for payment, allowing millions of merchants to use the platform to accept crypto transactions, kicking off with USD Coin (USDC) stablecoin payments. 


According to TechCrunch, Solana plans to add other altcoins to the platform in the coming months, including its native SOL (SOL) token and the meme token Bonk.


Josh Fried of Solana Labs branded the intersection of digital assets and payment solutions as the “killer app for crypto,” adding that everyone “should be doubling down on this.” 


According to Fried, Solana Pay can drastically reduce transaction costs compared with credit card processing fees. The network’s average charge is $0.00025 per transaction, while credit card processing fees range from 1.5% to 3.5%. In the last epoch, Solana’s users paid an average transaction fee of 0.000009664 SOL.Solana’s average fee paid by users. Source: Solana


Shopify estimates that 10% of all e-commerce transactions in the United States, or $444 billion of the world’s e-commerce market, are made through its platform. The company has gradually integrated Web3 solutions into its operations, including a suite of blockchain commerce tools for Web3-focused stores and crypto wallet connect features.


Shopify’s volume will serve as a proving ground for the Solana blockchain. In previous years, Solana struggled with reliability and uptime issues. Its co-founder Anatoly Yakovenko dubbed the issues a “curse” attributed to the network’s low-cost transactions.


Recent statistics, however, indicate that network performance is improving. According to its latest performance report, Solana has experienced 100% uptime since Feb. 25, marking an entire quarter without an outage. A single February outage saw the network knocked offline for almost 19 hours.


Launched in February 2022, Solana Pay is a peer-to-peer payment infrastructure that gives merchants the ability to accept and settle payment transactions across digital assets. The platform is a collaboration between Solana Labs, Checkout.com, Circle and Citcon, alongside wallet integrations from Phantom.


Magazine: Deposit risk: What do crypto exchanges really do with your money?# Blockchain# Business# Payments# Solana# USD CoinAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposes5 strategies to mitigate side channel attacks on cryptocurrency hardware walletsHow to put words into a Bitcoin address? Here’s how vanity addresses work

News Feed

Yashu Gola11 hours agoToncoin (TON) price skyrockets to 11-month high after Telegram launches ‘Giveaways’TON’s price risks a correction in the short term as it nears a confluence of historically strong resistance z
XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20
Este artículo también está disponible en español. The XRP priceis in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third
2TM, Mercado Bitcoin’s Holding Company, Raises $50.3 Million in Second Closing of Series B Funding Round
2TM, Mercado Bitcoin"s Holding Company, Raises $50.3 Million in Second Closing of Series B Funding Round 2TM, a Brazilian fintech unicorn that is the holding company of Mercado Bit
Turner Wright6 hours agoSam Bankman-Fried will likely appear in a suit and tie at trialThe former FTX CEO will have access to 3 full suits, 4 dress shirts, 3 ties, 1 belt, 4 pairs of socks, and 2 pairs of shoes — no ho
Sony subsidiary rebrands to S.BLOX, expands crypto trading
Josh O"Sullivan15 minutes agoSony subsidiary rebrands to S.BLOX, expands crypto tradingS.BLOX aims to enhance WhaleFin’s user interface and features, reflecting Sony Group"s growing crypto ambitions.108 Total views1 To
Derek Andersen11 hours agoQuantstamp introduces tool to detect protocols’ flash loan attack vulnerabilityThe new service, called Economic Exploit Analysis, uses University of Toronto research and will work on any EVM-c
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India’s Presidency
Indian Central Bank: Developing Global Crypto Regulation Is a Priority for G20 Under India"s Presidency The Reserve Bank of India (RBI) says one of the priorities for the G20 under
Hacker Group Anonymous Vows to Disrupt Russia’s Internet — RT Websites Become ‘Subject of Massive DDoS Attacks’
Hacker Group Anonymous Vows to Disrupt Russia"s Internet — RT Websites Become "Subject of Massive DDoS Attacks" The international hacktivist collective known as Anonymous has vow
Turner Wright11 hours agoRecovery firm proposes cracking former Ripple CTO’s $244M Bitcoin hard driveStefan Thomas, the former chief technology officer at Ripple, has an IronKey hard drive containing 7,002 BTC with onl
Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms
Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supp
‘Golden Boys’ behind Compound ‘governance attack’ agree to rescind proposal
Martin Young3 hours ago‘Golden Boys’ behind Compound ‘governance attack’ agree to rescind proposalA member of the “Golden Boys” voting bloc, Humpy, appears to have accepted a new staking proposal while agreei
Crypto Exchange Coinbase Slows Hiring Amid Market Downturn
Crypto Exchange Coinbase Slows Hiring Amid Market Downturn Leading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethi