{"id":18891,"date":"2024-04-27T12:00:15","date_gmt":"2024-04-27T12:00:15","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=18891"},"modified":"2024-04-27T07:32:45","modified_gmt":"2024-04-27T07:32:45","slug":"stripe-boosts-solana-with-crypto-payments-integration","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/","title":{"rendered":"Stripe Boosts Solana with Crypto Payments Integration"},"content":{"rendered":"<p><strong>Stripe, named for one of the popular payment gateways,<\/strong> is one of the leading financial service providers. In a radical move, it has announced its foray into the cryptocurrency market with the aim of disrupting the digital payment space. The company&#8217;s latest venture is geared towards<strong> easing crypto payments with the stable USDC coin on the Solana blockchain,<\/strong> which has already been available for crypto payments with Ethereum and Polygon.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#Challenges_Persist_for_Solana_in_DeFi_Space\" title=\"Challenges Persist for Solana in DeFi Space\">Challenges Persist for Solana in DeFi Space<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#Declining_Interest_in_Solanas_DeFi_Verticals\" title=\"Declining Interest in Solana&#8217;s DeFi Verticals\">Declining Interest in Solana&#8217;s DeFi Verticals<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Challenges_Persist_for_Solana_in_DeFi_Space\"><\/span>Challenges Persist for Solana in DeFi Space<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>John Collison, co-founder, announced an equally courageous move during his keynote address, and he threw light on the existing massive evolution.<\/p>\n<p>&#8220;We are rolling out our payments service to support global stablecoins directly, thereby eliminating delays in settlement,&#8221; Collison said. The company\u2019s readiness to fully embrace the digital financial space was also illustrated by the evolution of this technology.<\/p>\n<p>Due to their decision, the Solana (SOL) shows great promise, and it is a community that has seen astronomical growth in recent months. So, Stripe&#8217;s users who will have direct interactions with SOL may boost the general adoption rate of SOL within the ecosystem, leading to a large number of those transactions.<\/p>\n<p>On the positive side, Solana recorded <strong>massive growth in its trading capacity,<\/strong> but more recent data now shows that<strong> Solana\u2019s DeFi sub-section is slowly losing popularity.<\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Declining_Interest_in_Solanas_DeFi_Verticals\"><\/span>Declining Interest in Solana&#8217;s DeFi Verticals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>From the peak of <strong>2.4 million daily active users<\/strong> on the network in April, there has been a persistent decline, and 1.3 million addresses have left the network. Besides the decline in indicators like TVL and DEX volumes, which testify to a loss of user interest in Solana&#8217;s DeFi options, transactions and on-chain activity data also depict a similar picture.<\/p>\n<p>The presence of cryptocurrencies in Stripe seems to offer a potential benefit, as it could spark renewed interest and activity in the <a href=\"https:\/\/coinengineer.net\/blog\/pantera-capital-secured-its-solana-tokens\/\">Solana<\/a> system. Nevertheless, sustainable growth of the Solana network still heavily relies on effective responses to all of the obstacles faced by DeFi services and the transfer of new users to garner wide adoption.<\/p>\n<p>As per the most recent development, SOL was valued at $136, which was a dip by 5.25% in comparison to the report in the past 24 hours. Furthermore, the social volume and sentiment of the SOL token have seen a dip, which implies a trend change or shift in the dynamics.<\/p>\n<p>In a nutshell, the latest move by Stripe is an amazing milestone for Solana, but the chain has to overcome some existing problems in its DeFi universe in order to retain its pole position in the digital assets niche.<\/p>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,<\/a>\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates instantly.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stripe, named for one of the popular payment gateways, is one of the leading financial service providers. In a radical move, it has announced its foray into the cryptocurrency market with the aim of disrupting the digital payment space. The company&#8217;s latest venture is geared towards easing crypto payments with the stable USDC coin on<\/p>\n","protected":false},"author":6,"featured_media":11130,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,16],"tags":[192,93,319,5661],"class_list":["post-18891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-crypto-news","category-defi-projects","tag-blockchain","tag-defi","tag-solana","tag-stripe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stripe Boosts Solana with Crypto Payments Integration - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Discover how Stripe is disrupting the digital payment space by entering the cryptocurrency market with Solana and USDC coin.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stripe Boosts Solana with Crypto Payments Integration - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Discover how Stripe is disrupting the digital payment space by entering the cryptocurrency market with Solana and USDC coin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-27T12:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-27T07:32:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/\",\"name\":\"Stripe Boosts Solana with Crypto Payments Integration - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.jpg\",\"datePublished\":\"2024-04-27T12:00:15+00:00\",\"dateModified\":\"2024-04-27T07:32:45+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Discover how Stripe is disrupting the digital payment space by entering the cryptocurrency market with Solana and USDC coin.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.jpg\",\"width\":768,\"height\":432,\"caption\":\"Solana\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stripe Boosts Solana with Crypto Payments Integration\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stripe Boosts Solana with Crypto Payments Integration - Coin Engineer","description":"Discover how Stripe is disrupting the digital payment space by entering the cryptocurrency market with Solana and USDC coin.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/","og_locale":"en_US","og_type":"article","og_title":"Stripe Boosts Solana with Crypto Payments Integration - Coin Engineer","og_description":"Discover how Stripe is disrupting the digital payment space by entering the cryptocurrency market with Solana and USDC coin.","og_url":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/","og_site_name":"Coin Engineer","article_published_time":"2024-04-27T12:00:15+00:00","article_modified_time":"2024-04-27T07:32:45+00:00","og_image":[{"width":768,"height":432,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/","url":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/","name":"Stripe Boosts Solana with Crypto Payments Integration - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.jpg","datePublished":"2024-04-27T12:00:15+00:00","dateModified":"2024-04-27T07:32:45+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Discover how Stripe is disrupting the digital payment space by entering the cryptocurrency market with Solana and USDC coin.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/02\/Solana.jpg","width":768,"height":432,"caption":"Solana"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/stripe-boosts-solana-with-crypto-payments-integration\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Stripe Boosts Solana with Crypto Payments Integration"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/18891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=18891"}],"version-history":[{"count":7,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/18891\/revisions"}],"predecessor-version":[{"id":18929,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/18891\/revisions\/18929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/11130"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=18891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=18891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=18891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}