Bitcoin
$64,536.06+0.54%
Ethereum
$3,151.73-0.16%
Binance Coin
$612.11+0.75%
Solana
$144.65-2.00%
XRP
$0.53405885+1.21%
Dogecoin
$0.15154095+0.21%
Toncoin
$5.45-1.24%
Cardano
$0.47802471+0.41%
Shiba Inu
$0.00002570+2.23%
Avalanche
$35.72+0.11%
Tron
$0.11733577+2.86%
Wrapped Bitcoin
$64,578.11+0.47%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Countdown to Consensus 2024The largest and longest running event that covers all sides of Crypto and Web 3
33
DAYS
05
HR
54
MIN
24
SEC
Markets

Solana Pay Adds Customized Transaction Requests for Merchants

Pay previously allowed only one-way transfers of Solana-supported assets between users.

By Shaurya Malwa
AccessTimeIconMay 5, 2022 at 9:11 a.m. UTC
Updated May 11, 2023 at 5:25 p.m. UTC
The Solana conference's closing gala in Lisbon's main square. (Zack Seward/CoinDesk archives)
The Solana conference's closing gala in Lisbon's main square. (Zack Seward/CoinDesk archives)
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Solana Pay will facilitate transaction requests between merchants and users with a feature that went live on the platform this week, according to a post by Solana developers.

  • Developers added the transaction request feature to allow merchants to provide customized transaction links to users, such as unique non-fungible tokens (NFTs) or virtual gifts.
  • The merchant receives the wallet address in the request and can respond with a customized transaction for the customer. This means any Solana transaction would allow interactive requests between a checkout app and a mobile wallet.
  • “Merchants and brands can create dynamic experiences that send tokens, invitations and gifts to customers,” the post reads. They could range from the minting of unique NFTs, customized discounts and tokenized loyalty programs.
  • Merchants can decline to respond to a transaction request, which could be used to allow permissioned payments, such as in cases where authentication is required.
  • The Pay product previously allowed only one-way transfers between users, such as those of Solana’s SOL, USD Coin (USDC), NFTs and other supported tokens.
  • Solana wallets Phantom and Solflare support the new feature, developers said.
  • SOL's price jumped 9% in the past 24 hours, CoinGecko data shows. The tokens outperformed the market as bitcoin and ether rose 5% on average.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Shaurya Malwa
Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Follow @shauryamalwa on Twitter

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.