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.
- Solana wallets Phantom and Solflare support the new feature, developers said.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.