Solana Labs launches ‘Solana Pay’, a protocol to help merchants accept crypto payments
Solana Labs has launched ‘Solana Pay’, a payments protocol that will allow merchants to accept crypto payments directly from customers.
Solana Pay will support the USDC stablecoin, Solana’s native token SOL, and other Solana-based tokens on the Solana blockchain.
Solana is a high-speed single-layer blockchain, currently supporting peak capacity of 65k transactions per second and 400ms block times using a network timestamp system called Proof-of-History ("PoH").
As of writing, SOL, the native token of Solana, was trading at $111.34, up 14% on the day.
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