CoinGate, a leading cryptocurrency payment processor, has announced the integration of the Solana (SOL) network into its payment gateway. Merchants using CoinGate can now accept Solana (SOL) as a payment currency from May 14.
Additionally, the firm plans to introduce the USD Coin (USDC) stablecoin on the Solana network, with Tether (USDT) and some memecoins potentially following suit in the near future.
Why CoinGate Integrated Solana
According to Coin98 Analytics, Solana boasts 868,000 active daily users, ranking as the 5th most popular blockchain. By integrating Solana, CoinGate can leverage its advanced technology and extensive user base to increase orders for its merchants. Solana’s robust capabilities and growing popularity make it an ideal addition to CoinGate’s expanding suite of payment options.
Dmitrijus Borisenka, Co-Founder of CoinGate, expressed his enthusiasm about the integration: “Bringing Solana into the CoinGate family is absolutely thrilling for both the Solana community and us. We expect our clients to feel the same, as Solana integration will bring more customers and boost orders. Knowing how prominent the Solana ecosystem is today, it might as well be a game-changer.”
Details of the Solana Launch
The Solana (SOL) integration will be automatically enabled for all merchants. To manage SOL payments, users need to click the edit icon on their selected integration method and navigate to the Currency Settings tab.
Customers can make SOL payments using various wallets, including:
– Phantom
– Solflare
– Glow
– Decaf Wallet
– Espresso Cash
– Ottr
– Ultimate
– Tiplink
– Trust Wallet
