Tag: Solana

Solana Takes Hit and Could Dive To $15

Solana is gaining bearish momentum below $20 against the US Dollar. SOL price is struggling and could drop further toward $16.50 or even $15.00. SOL price is showing bearish signs below $20.00 and $20.50 against the US Dollar. The price is now trading below $20 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $19.20 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could continue to down if there is a close below the…

Visa to Adds Solana for Cross-Border Payments with ‘Multiple Blockchains’ and CBDCs to Follow

Sheffield said that Visa sees great potential for blockchain technology, especially in global and cross-border payments. Payments giant Visa Inc (NYSE: V) will rely on multiple blockchains in the future. This is according to a blog post by the company’s Head of Crypto Cuy Sheffield dated September 6. In the post, Sheffield also spoke on Visa’s new partnership with the Solana blockchain. “We imagine a future where Visa’s network of networks involves more than just multiple currencies and bank settlement rails, but also multiple blockchain networks, stablecoins, and CBDCs or…

Solana Announces Hyperdrive Hackathon | Blockchain News

Solana, a leading blockchain platform, unveiled its latest initiative, Hyperdrive, in a series of tweets on September 6, 2023. The event is described as an engineering and business competition where teams can transform an idea into a fully operational project within a span of five weeks. Key Highlights Grand Prize & Speciality Prizes: Solana has partnered with various entities for specialty prizes in categories such as Mobile Apps by MagicEden, Finance/Payments by Helio Pay, AI by UXD Protocol, DePIN by ionet official, Crypto Infrastructure by Ironforge Cloud, Gaming by Phantom,…

Solana Token Rises Following Visa USDC Settlement Announcement

Visa will now use payment processors to facilitate cross border transactions via the USDC stablecoin on Solana Pay. Solana’s SOL token rose on Tuesday following news that Visa will begin expanding its stablecoin services, via USDC, to the Solana blockchain, in collaboration with payment solutions providers Worldpay and Nuvei. The SOL token jumped 6% at one point but later fell to 4.39%, trading at $20.25, according to data from Coin Metrics. As of writing time, CoinMarketCap data shows SOL at $19.81. In an official statement, Visa said its intention is to make…

Solana, Aptos, APE & More Token Unlocks Coming This September

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September is gearing up to be a pivotal month in the crypto space, with a series of substantial token unlocks for Solana, ApeCoin, Worldcoin, Optimism, dYdX and Aptos on the horizon. Popular crypto voices, @TheDeFinvestor and @wacy_time1, have taken to Twitter to provide insights, speculations, and analyses on these impending events. Here’s a consolidated look at their perspectives. ApeCoin (APE) Set to witness one of the most significant unlocks this month, APE will release $54.8 million, which represents 11% of its circulating supply, on Sept. 17. Both influencers highlighted the…

Visa tests USDC settlement payments on Solana blockchain

Visa recently announced its initiative to experiment with USDC settlement payments via the Solana blockchain. In a press release, Visa claimed it would allow USDC settlement payments through the Solana blockchain on Sept. 5. The company will facilitate these USDC-denominated transactions to merchant banks Worldpay and Nuvei, who can then process payments to their merchants in the same digital currency. Visa’s role in the financial ecosystem is monumental, with daily operations involving the clearing, settlement, and transferring of billions of dollars. Cuy Sheffield, Head of Crypto at Visa, explained that…

VISA’s Stablecoin Payments On Solana Propel SOL To 5% Gain, Bulls Eye Price Breakout

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Payment giant VISA has significantly moved in the digital currency space by expanding its stablecoin settlement services to the Solana (SOL) blockchain.  According to recent announcements, the company aims to enhance the capabilities of traditional payment systems through this pilot program, which is currently in the testing phase.  This initiative is expected to improve cross-border settlement speeds and offer a modern option for clients to send and receive funds through Visa’s treasury.  In collaboration with merchant acquirers Worldpay and Nuvei, this expansion reinforces Visa’s commitment to staying at the forefront…

Visa taps into Solana to widen USDC payment capability

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Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand. Visa revealed that it is carrying out live and completed pilots with issuers and acquirers, moving millions of USDC tokens between partners across the Etheruem and Solana blockchains to settle fiat-based payments. An announcement from the payments firm outlined the evolution of VISA’s adoption of USDC through pilots involving Crypto.com to integrations with merchant payment processors Worldpay and Nuvei. The integration of USDC issued on Ethereum…

Making real-world blockchain solutions possible — Solana co-founder Raj Gokal

Raj Gokal, co-founder of blockchain protocol Solana and chief operations officer of Solana Labs, started his career in venture capital with a focus on high-growth tech business.  For seven years, Gokal focused on health tech, first with wearable sensors using Bluetooth Low Energy as a wireless protocol, then leading product management at Omada Health. He aimed to address the fractured, challenging United States healthcare system but “encountered challenges with health plans and regulators, leading me to recognize the industry’s persistent issues,” he told Cointelegraph. After meeting Solana co-founder Anatoly Yakovenko…