Boost the power of simple purchases and build a loyal customer base
Payment protocol Solana Pay has introduced a new transaction system that allows requests from developers and merchants, making commerce and peer-to-peer economy on-chain. Solana Pay was originally launched 3 months ago to usher in a new era of payments and commerce for the decentralized and open economy.
Summary
- Solana Pay has released transaction requests, therefore enhancing the shopping experience
- So far only Phantom and Solflare support them, but more wallets are already working on it
- Solana DeFi dapps are performing well amidst a market slowdown
- NFTs on Solana are starting to show signs of life
Introducing two-way token transfers
Until now, Solana Pay has relied on simple one-way transfers of SOL, USDC, NFTs, and other tokens, which provided a great starting point to enable decentralized payments. With transaction requests, it’s possible to bring any Solana transaction into the real world…
