CoinGate, the renowned cryptocurrency payment processor, has announced the integration of the Solana (SOL) network within its payment gateway.
Starting today, May 14, merchants can accept Solana (SOL) as a payment currency through CoinGate’s platform.
In addition, the USD Coin (USDC) stablecoin will roll out on Solana, with Tether (USDT) and some memecoins potentially following suit in the near future.
Why did CoinGate integrate Solana?
Solana stands out in the blockchain sphere for its exceptional speed and efficiency, making it a favorite among crypto enthusiasts.
With 868,000 active users daily, according to Coin98 Analytics, Solana currently ranks as the 5th most popular blockchain.
Comparison of Tron with other top blockchains in the daily active users metric#Tron leads with 2.8M+ active users, outpacing other top blockchains
(7/13) pic.twitter.com/6A8vLajBdv
— Coin98 Analytics (@Coin98Analytics) May 7, 2024
By integrating Solana, CoinGate harnesses its advanced technology and extensive user base, which will drive up orders for its merchants.
Solana’s robust features and rising popularity make it an ideal addition to CoinGate’s expanding payment options.
Dmitrijus Borisenka, Co-Founder at CoinGate, elaborated on the integration, stating:
“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
SOL will be automatically enabled for all merchants upon launch.
To manage SOL payments, users will need only click the edit icon on their chosen integration method and go to the Currency Settings tab.
Customers can use any of the following wallets to make payments with SOL through CoinGate:
- Phantom;
- Solflare;
- Glow;
- Decaf Wallet;
- Espresso Cash;
- Ottr;
- Ultimate;
- Tiplink;
- Trust Wallet.
As SOL becomes available to merchants, it is expected to drive up orders and attract more customers, further solidifying Solana’s position as a prominent blockchain ecosystem.
With this integration, CoinGate reaffirms its dedication to meeting the evolving needs of the crypto community and facilitating seamless transactions for its users.
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