Solana was integrated with the Crypto Life platform, a service that offers digital asset-loaded cards for real-world payments.
Solana (SOL), the fifth-largest cryptocurrency by market cap, can now be used for payments across 90 million merchants worldwide, according to a Dec. 2 statement from card provider Crypto Life. In an X thread, the Crypto Life Card highlighted Solana’s fast transaction speed, low operation cost, and booming decentralized finance ecosystem as incentives to integrate SOL.
🚨 BREAKING: @solana is Now LIVE on CL Card!
As the Solana ecosystem continues to grow, Solana is now integrated with the CL Platform! 🌟
Now, you can connect your Solana wallet to CL Card and use your crypto for real-world payments easily.
Solana isn’t just a blockchain for… pic.twitter.com/tctvpX4sdO
— Crypto Life (@CL_Technology) December 2, 2024
Crypto Life card partners with web2 titans like Mastercard and web3 bigwigs like MetaMask and Ledger to facilitate digital transactions. The crypto operator also functions like Apple Pay. In addition to SOL, CL Card users can also pay in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).
The Crypto Life card was one of two payment providers that onboarded Solana support on the day. According to the blockchain network, Uquid also unveiled SOL-native USDT transactions for millions of products.
gm! The Solana ecosystem keeps growing — @uquidcard now accepts USDT on Solana, enabling near-instant low cost payments for millions of products 💪 https://t.co/rxOYKbyRmc
— Solana (@solana) December 2, 2024
Solana has been a frontrunner during this year’s bull run, propelled by meme coin mania and a slew of feature deployments like Blinks from SOL developers. Bullish optimism around SOL pushed the cryptocurrency to a new all-time high of $263 on Nov. 23. However, a market correction saw Solana slide down the rankings among crypto’s top 10 currencies.
Indeed, SOL was flipped by Ripple (XRP) after it reached a $155 billion market cap, outclassing Solana’s $105 billion.
