TLDR
Several apps and platforms have just added Solana (SOL) payments or settlement support. Notable examples: Kalshis tokenized markets on Solana, Cross Rivers USDC payments on Solana, and RedotPays SOL-to-NGN cashouts.
- Kalshi: tokenized event?contract trading now live on Solana per a CNBC report.
- Cross River: a bank?grade USDC payments platform supports Ethereum and Solana per Forbes.
- RedotPay: Send Crypto, Receive NGN adds support for Solana among eligible users per Cointelegraph.
Deep Dive
1. Kalshi Integration
Kalshi says support for tokenized wagers linked to its regulated event contracts is live on Solana. This lets users trade tokenized positions with wallet?based privacy while bridging liquidity to Solanas rails, per the CNBC report.
- The move aligns Kalshi more closely with on?chain prediction markets and crypto-native users, expanding payment?style settlement in a regulated venue.
If you want on?chain exposure to prediction markets with faster settlement, this adds a live Solana option in a regulated context.
2. Cross River USDC on Solana
Cross River launched a stablecoin payments platform integrated into its real?time core banking system. Businesses can send/receive USDC via APIs with automated reconciliation, choosing Ethereum or Solana as settlement chains, per Forbes.
- The offering targets merchant payouts, on/off ramps, and treasury flows, enabling bank?grade compliance while leveraging Solanas low?fee settlement.
Merchants and enterprises can adopt USDC payments on Solana with a bank partner, reducing the need to build blockchain ops in?house.
3. RedotPay Adds SOL Cashouts
RedotPay launched Send Crypto, Receive NGN, allowing users to convert multiple cryptosincluding Solanainto Nigerian naira with fast local bank payouts. The feature is built on Ripple Payments and expands tokens supported beyond stablecoins, per Cointelegraph.
- This broadens consumer use cases for SOL in remittances and local fiat access where crypto adoption is high but banking frictions remain.
For consumer payments and cashouts, SOL is now included among supported assets in a live service focused on speed and local reach.
Conclusion
Payment and settlement support for Solana is expanding across both consumer apps (RedotPay) and institutional rails (Cross River), with regulated platforms like Kalshi tapping Solanas throughput for tokenized markets. The common thread is leveraging Solanas low fees and speed to move beyond trading into practical payment flows.
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