New Privacy Feature Integrates Solana for Social Transactions
In a development reflecting broader ecosystem growth, Solana builders have introduced a private payment option to X. This news was shared on X by Anoncoin, a privacy launchpad for Doge. The new payment feature leverages Solana and a tool called anoncoinit. Users can initiate a private transfer by tagging a handle, specifying an amount, and mentioning @anoncoinit. Both messages and transactions are secured with end-to-end encryption. Users with a verified blue check on X can try the feature with five dollars, requiring no prior signup.
For the majority of users, this represents a significant advancement for social payments. For the Solana network, it signifies a step in its ongoing ecosystem expansion. The release of this private payments functionality occurs during a particularly active period for the Solana network.
Private Payments on X are live. Built on @solana. Tag any handle, mention amount, tag @anoncoinit & the payment is sent privately. The transaction is end-to-end encrypted. If you have a blue check, you already have $5 to try it. No signup needed. A new era of social payments.
Solana Network Experiences Significant Growth and Integrations
In a notable announcement, Solana revealed that Revolut has integrated Solana support for its 65 million users. Furthermore, a U.S. Exchange-Traded Fund (ETF) tied to Solana has been launched on the New York Stock Exchange. Solana also highlighted that prediction markets from Kalshi are now being tokenized on its chain through a partner project. The network has observed substantial growth in both developer activity and trading volumes.
The network has reported that trading protocols have achieved new volume records. The supply of stablecoins on the network has reached an all-time high. These indicators suggest continued builder activity as the network approaches its Breakpoint event.
If you predicted the ecosystem was saving all the sauce for Abu Dhabi, you forgot that Solana builders drown out the noise and just ship. 🚢 Solana opened a bridge to RWAs, neobanks, prediction markets, and the NYSE. With 3 days to go until Breakpoint, this next week will truly…
Implications of New Developments for Solana
The introduction of private payments on X provides the Solana chain with a new mainstream use case. Social media users can now facilitate monetary transfers directly within the application. This feature has the potential to attract new users who may not have previously engaged with cryptocurrency wallets.
BIG NEWS: @Revolut, Europe’s #1 neobank with 65 million+ users and 15 million crypto accounts, now supports Solana payments, transfers, and staking 🔥
The recent wave of new launches also demonstrates that the Solana network is attracting attention from traditional financial institutions, fintech applications, and various markets. These connections could lead to expanded real-world utility and increased on-chain activity.