Back

Solana Adds Support for Stripe and Tempo’s Machine Payments Protocol

The update enables application programming interfaces to accept stablecoin payments across SPL (Solana token standard) and Token2022 (enhanced Solana token standard), with split payouts and sponsored fees.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, typically by being pegged to a fiat currency such as the U.S. dollar.
  • SPL: The Solana Program Library token standard used to create and manage tokens on the Solana blockchain.
  • Sponsored fees: A payment model in which a third party covers blockchain transaction costs for the end user.