Blockchain technology has been rapidly evolving, and Solana and Worldline are at the forefront of that development. The two companies are working together to bring global payment solutions to Web 3.0, which will enable payment providers to route payments automatically with low fees and high conversion rates.
The partnership is supported by the Solana Foundation, and the Worldline Payment Orchestration platform will be available to all projects building on Solana. The platform offers a single interface that combines integrated fiat and crypto payment solutions, making it more straightforward, convenient, and accessible for blockchain businesses.
Despite the exciting announcement, the price of Solana’s native cryptocurrency, SOL, has failed to hold above $20 USD. SOL experienced a brief retracement above this threshold amidst the centralized banking crisis in the United States. However, the current price of SOL is $19.29, dipping 8.66% over the past 24 hours from its retracement to $21.46.
Worldline, a global leader in payment services, generated close to €4.4 billion in revenue in 2022 and is a technology partner for merchants, banks, and acquirers across 40 countries. The Worldline Payment Orchestration platform manages payments regardless of the number of providers connected, making it the only payment orchestration tool a customer needs to scale up their payment strategy.
The partnership between Solana and Worldline represents a significant step towards providing a more comprehensive payment system for blockchain businesses. By accessing Worldline’s Payment Orchestration platform, blockchain companies will be able to access more than 300 payment systems and remove the need for multiple payment integrations.
Worldline has also launched a white-label shopping mall in Decentraland to help companies enter the metaverse, with nine stores already joined. The collaboration will also allow end-users to pay with their preferred payment method. Solana remains in the #11 rank by market capitalization, despite the price of SOL failing to hold above $20. Worldline has signed a strategic partnership with paytech integrator Printec Group to expand payment services in 16 countries in Central and Eastern Europe.
In summary, the Solana and Worldline partnership is an important development in the evolution of blockchain technology, particularly in the area of payments. The partnership offers a simpler, more convenient, and accessible payment system for blockchain businesses, and it has the potential to transform the way we conduct transactions in the future.
