Web3 Payment Platform DePay Announces Integration with Solana to Offer High-Speed and Low-Cost Payment Solution

In the digital age, the e-commerce sector is continuously evolving, with businesses seeking innovative ways to enhance customer experience and streamline operations. One of the most significant advancements in recent years is the emergence of Web3 payments, and platforms offering this service are gaining much attention. One such platform, DePay, has recently announced its integration with Solana, a high-performance blockchain, to offer a high-speed and low-cost payment solution.

DePay Expands Ecommerce Opportunities With Solana

In the world of Web3, payment platforms are continuously seeking innovative ways to offer efficient, cost-effective, and user-friendly solutions. In a significant advancement for the e-commerce sector, DePay has successfully integrated Solana into its Web3 payment solutions, enabling instant, low-cost, and energy-efficient payments. This integration is set to transform the way transactions are conducted, offering a high-speed, cost-effective, and environmentally friendly alternative for peer-to-peer (P2P) wallet-to-wallet payments.

Big news! We're thrilled to announce that we've fully integrated the @Solana blockchain into the DePay ecosystem.

From @Shopify to @WooCommerce, @WordPress plugins to #Web3 Payment widgets, Payment Links and APIs.

We fully support @Solana now

Let’s dive in… pic.twitter.com/LyZI7Is9XZ

— DePay (@DePay) June 22, 2023

With this integration, Solana-based payments are now accessible to a broad range of users. Shopify & WooCommerce merchants, WordPress administrators, users of DePay Payment Links, and existing custom integrators who are already using DePay can now leverage the benefits of Solana’s high-speed blockchain technology. Moreover, the integration features any-to-any token conversions, providing unprecedented flexibility in transactions.

Solana’s integration into DePay’s protocol and platform marks a significant milestone for the payment platform. Known for its exceptional speed and minimal transaction fees, Solana makes a compelling addition to DePay’s ecosystem. Furthermore, Solana’s rapidly expanding developer and user base make it a strategic choice for DePay, enhancing its reach and adoption across the digital payment landscape.

Sebastian Pape, Founder of DePay, said, “We find Solana’s energy efficiency and throughput capacities incredibly impressive. They’ve introduced a new paradigm for blockchain performance while also staying committed to creating an environmentally conscious network.”

Solana Reduces Fees To Fractions Of A Penny  

Since the inception of DePay’s Web3 payment protocol, the integration with Solana marks a significant milestone in reducing transaction costs. Initially, transactions on the Ethereum network cost about 20 USD each. This cost was reduced to 0.30 USD with the integration of Binance Smart Chain (BSC), further dropped to 0.01 USD with Polygon, and now, with Solana, the cost has been slashed to mere fractions of a penny.

For Solana, this integration represents a significant expansion of its use cases. It allows DePay to extend its services to a wider audience, including eligible Shopify merchants, WordPress users, WooCommerce stores, and custom integrators. This broadened scope not only enhances Solana’s reach but also underscores its versatility and adaptability in various digital platforms.

In a move to enhance user experience across various platforms, DePay has directly integrated with Phantom, xNFT Backpack, Solflare Wallet, and Glow Wallet. This integration ensures optimal user experience on Desktop, iOS, and Android platforms.

In addition to these specific integrations, DePay has also incorporated the “window.solana” extension standard. This strategic move allows DePay to support all other Solana wallets and extensions, further expanding its compatibility and reach within the Solana ecosystem.

Tommy Stalknecht, CEO & Co-Founder of Single, said, “At Single, we’re seeing more and more creators realize the value of merging Web3 technologies into their e-commerce efforts. The ability to accept crypto currencies as payments is a crucial step to accelerate adoption. We’re thrilled to see DePay introduce this capability into the Shopify ecosystem and can’t wait to see how our customers use the technology.”

In a bid to enhance the mobile user experience, DePay has also integrated the Solana Mobile Wallet Adapter. This integration significantly improves the Web3 Payment user experience, particularly on Android devices and notably on the SAGA Solana Mobile platform.