BitPay integrates Solana, enabling global payments with SOL, USDC, and USDT

Author: Crypto.news

Source: Crypto.news

2025/08/13 21:04

BitPay has integrated Solana into its platform, enabling users and merchants to buy, store, send, receive, swap, and spend SOL and Solana-based stablecoins.

Summary

BitPay, a leading crypto payment processor, has integrated Solana blockchain into its platform.
Payments from external Solana wallets (Phantom, Solflare, Backpack) are supported, and Solana-based payouts are planned for future updates.
Major networks like Visa and Fiserv are also leveraging Solana for stablecoin transactions, highlighting its growing adoption in mainstream finance.

In a press release shared with crypto.news, BitPay announced that it has integrated the Solana blockchain into its platform, enabling support for Solana (SOL), USD Coin (USDC), and Tether (USDT).

With this integration, users can now buy, store, send, receive, swap, and spend Solana-based assets directly in the BitPay Wallet. Payments can also be made from external Solana wallets, including Phantom, Solflare, and Backpack. Merchants accepting BitPay payments can receive funds without holding crypto, and Solana-based payouts are planned for a future update.

The 1916 Company, a luxury watch and jewelry retailer, is among the first to accept Solana payments through BitPay. CEO John Shmerler cited the network’s efficiency and low fees as key benefits for both customers and the business.

Major payment networks continue to integrate Solana

Solana is increasingly being integrated into various payment platforms, as its high throughput and low transaction costs enable faster and more efficient cross-border and on-chain payments. Notably, Solana is integrated into Visa’s settlement platform for stablecoin transactions, alongside Ethereum (ETH), with Stellar (XLM) and Avalanche (AVAX) added recently.

Additionally, Fiserv, a global payments technology provider and a Fortune 500 company listed on the NYSE, plans to launch a bank-friendly stablecoin on Solana in the coming months.

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The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval. CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval. The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction. The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team. ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…

BitcoinEthereumNews

2025/09/18 00:56

BitPay integrates Solana, enabling global payments with SOL, USDC, and USDT

Major payment networks continue to integrate Solana

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