CoinGate, the well-known cryptocurrency payment processor, has recently announced the integration of the Solana network into its payment gateway. From now on, merchants will have the ability to accept Solana (SOL) as a payment currency through CoinGate’s platform. Furthermore, Solana’s ecosystem is expected to see the introduction of the USD Coin (USDC) stablecoin, with the possibility of Tether (USDT) and other memecoins being added in the future.
The decision to integrate Solana into CoinGate’s payment gateway can be attributed to Solana’s impressive speed and efficiency, which has made it a favorite among cryptocurrency enthusiasts. With approximately 868,000 active users daily, Solana currently ranks as the 5th most popular blockchain. CoinGate aims to leverage Solana’s advanced technology and growing user base to drive up orders for its merchants. The addition of Solana’s robust features and increasing popularity aligns perfectly with CoinGate’s strategy of expanding its payment options.
Dmitrijus Borisenka, Co-Founder at CoinGate, expressed his excitement about the integration, emphasizing its potential benefits: “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.”
Upon launch, SOL will be automatically enabled for all CoinGate merchants. Managing SOL payments will be as simple as clicking the edit icon on the chosen integration method and navigating to the Currency Settings tab. Customers can use various wallets such as Phantom, Solflare, Glow, Decaf Wallet, and Trust Wallet to make payments using SOL through CoinGate.
The integration of SOL into CoinGate’s payment gateway is projected to increase order volumes and attract more customers, consolidating Solana’s position as a prominent blockchain ecosystem. By integrating Solana and continuously meeting the evolving needs of the crypto community, CoinGate demonstrates its commitment to facilitating seamless transactions for its users.