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Usha Yadav
May 5, 2022
by Usha Yadav

Solana Pay Now Offers Merchants Customised Transaction Requests

Solana
According to a post by Solana developers, a feature that went live on the protocol this week would help businesses and users with transaction requests.

The transaction request feature allowed merchants to provide consumers with customized transaction links, such as non-fungible tokens (NFTs) or virtual presents.

When the merchant receives the wallet address in the request, they can respond with a transaction tailored to the customer's needs. This means that interactive requests between a checkout app and a mobile wallet would be possible with every Solana transaction.

According to the post, customers can receive tokens, invitations, and gifts if merchants and brands offer dynamic experiences. They could include the creation of one-of-a-kind NFTs, personalized discounts, and tokenized loyalty programmes, among other things.

Merchants can refuse to react to a transaction request, which might be used to allow permissioned payments in situations where authentication is necessary.

Previously, the Pay product could only make one-way transfers between users using Solana's SOL, USD Coin (USDC), NFTs, and other compatible tokens.

According to the developers, wallets by Solana, The new feature is supported by Phantom and Solflare.

According to latest data, SOL prices have increased by 9% in the last 24 hours. The tokens outpaced the market, with bitcoin and ether gaining an average of 5%.

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Solana Customised Transaction
Solana Pay Now Offers Merchants Customised Transaction Requests
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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