BitPay Goes Multichain: Solana Joins the Party for Global SOL, USDC & USDT Payments

BitPay just flipped the script—Solana's in the house. Merchants and users can now transact globally with SOL, USDC, and USDT, bypassing traditional payment rails. Another nail in the coffin for slow, expensive legacy systems? Maybe.

Why it matters: Solana's speed meets BitPay's reach. Instant settlements, lower fees, and a growing stablecoin ecosystem could finally make crypto payments stick. Or at least give Visa a headache.

The fine print: No new user numbers dropped, but let's be real—this is about hedging against Ethereum's gas fees while keeping USDT addicts happy. Because nothing says 'decentralization' like Tether's opaque reserves.

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.