Circle has expanded its Web3 Services, adding support for Solana, the company said in an announcement.
Circle’s Web3 Services empower businesses and developers looking to launch on-chain apps. To bring these benefits to Solana, Circle is launching its Programmable Wallets and gas stations on the network.
“With this initial launch of Circle’s Programmable Wallets supporting the Solana ecosystem, we’re excited to empower Solana developers to build innovative applications that are secure, scalable, fast, and cost efficient,” Circle noted.
Integration will be in two phases
Circle plans to enable the integration in two phases, starting with support for Programmable Wallets and Gas Station. The platform’s APIs and SDKs will allow developers to build and scale applications with fungible token transfers and capacity to sponsor end user transaction fees.
The next phase of the integration will see developers benefit from support for non-fungible tokens (NFTs) and Smart Contract Platform interactions. Updates will also allow for additional use cases, including NFT integration in gaming and for brand loyalty.
Currently, Circle’s Programmable Wallets are enabled for Ethereum, Polygon PoS, and Avalanche. Solana is the latest blockchain integration.
Solana’s network growth
Circle’s expansion of its Web3 Services to Solana is only the latest collaboration that aims to strengthen the blockchain platform.
The company also offers native USDC and EURC integration on Solana, and enabled its Cross-Chain Transfer Protocol (CCTP) on the network in March.
Solana has also seen major partnerships and integrations with other ecosystem players. Recently, Squads Labs announced Solana’s first smart wallet Fuse, unveiling a public TestFlight for iOS.
In late May, payments giant PayPal expanded native availability of its stablecoin PayPal USD (PYUSD) to Solana.
PayPal noted that the integration is key to enhancing commerce across the globe, with users benefitting from transaction speed and low costs.
Tổng hợp và chỉnh sửa: ThS Phạm Mạnh Cường
Theo Crypto News
