Solana Now Available for Payment via Crypto Life Card
Date: 2024-12-03 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Solana, the fifth-largest cryptocurrency by market cap, has been added to the list of payment options on Crypto Life, a platform that allows digital assets to be used for real-world payments. As the company announced on December 2, Crypto Life cardholders can now pay with Solana at 90 million merchants worldwide.
In a statement on social media X, Crypto Life representatives noted that Solana was chosen due to its high transaction speed, minimal costs, and the rapidly developing decentralized finance (DeFi) ecosystem.
The Crypto Life payment system cooperates with both major players in the traditional economy, such as Mastercard, and leading representatives of the crypto industry, including MetaMask and Ledger. The platform functions similarly to Apple Pay, allowing payments not only in Solana, but also in other popular cryptocurrencies: Bitcoin, Ethereum, and Tether.
On the same day that Crypto Life announced the integration of Solana, the Uquid platform also introduced new features for users by enabling support for transactions with USDT based on Solana. This will allow platform customers to purchase millions of products using this cryptocurrency.
In 2024, Solana actively strengthened its position in the market, which was facilitated by the launch of new features such as Blinks and the popularity of meme coins. On a wave of optimism, the value of Solana reached a record $ 263 on November 23. However, the subsequent market correction led to a decrease in the value of the asset and a change in its place among the leaders of the crypto industry.
Thus, Ripple (XRP) bypassed Solana in the ranking, reaching a market capitalization of $ 155 billion, while Solana had a market capitalization of $ 105 billion. Despite this, Solana remains a key player in offering users fast and cost-effective cryptocurrency payment solutions.
