Solana Teams Up With Mastercard & Western Union For New Platform

A new developer platform from the Solana Foundation aims to make it easier for financial institutions to create blockchain-based apps.

Large companies including Worldpay, Western Union and Mastercard are already testing the Solana Developer Platform (SDP).

With a single interface, it provides tools for developing stablecoins, tokenised assets and payment systems. This streamlines a procedure that has historically been complicated and dispersed.

To aid developers in creating apps more quickly, the platform also incorporates AI technologies like OpenAI’s Codex.

Asset issuance and payment are the two primary modules that are now operational. Later, a trade module is anticipated to be released.

Major financial players’ involvement indicates a growing interest in blockchain for practical applications, particularly in settlements and payments.

Solana aims to position itself as a leading infrastructure provider for institutional finance, offering speed, efficiency and scalability.

Source: X.com

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