Product Updates

Solana Payments Now Supported In Request Finance

Enabling Solana tokens for payments, invoices, and more in Request Finance.

November 29, 2023

The latest to join our impressive array of supported payment networks is Solana - renowned for its ultra-fast and cost-efficient transactions. 

Request Finance enables you to see, manage, and pay all your crypto invoices in one place. Today, it is used by thousands of Web 3.0 companies to pay their suppliers, partners, contributors and team members in crypto. Since launching in 2021, over 500 million of cryptocurrency payments have been made through Request Finance. 

It offers users the flexibility to choose from a growing list of over 150+ different currencies, and 10+ different blockchains to pay with.  

Solana's scalability is a key factor in its selection for integration. As businesses grow and transaction volumes increase, Solana's ability to handle large-scale operations without compromising on speed or cost becomes increasingly valuable. This makes Request Finance an even more robust solution for businesses planning for long-term growth and expansion.

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"The integration of Solana with Request Finance is a game-changer in crypto payments. By bringing together Solana's exceptional speed and efficiency with Request Finance's robust payment system, we are breaking new ground in offering scalable, swift, and cost-effective crypto transactions." Ludovic Gilbert, Chief of Staff at Request Finance.

Solana projects can also reach out to the Request Finance team to have their own tokens listed as a payment option in the Request Finance app.

How to use Solana with Request Finance 

1. Log in to your Request account‍

2. Click on the “Create an invoice” button

3. Add/Select the client for the “Your client information” field

4. Leave the “How do you want to receive funds?” field with the default option: crypto, the payer pays in crypto

5. Click on the “More” button (ellipses icon) next to the list of cryptocurrencies

6. Next, click on the “All networks” field and select Solana

7. Then choose the payment currency you wish to receive as funds on the Solana network

8. Set your invoice currency which will depend on the payment currency chosen in the previous step*

9. Add the rest of the details for your invoice: item description, quantity, unit price, discount, and tax

10. Review and check that your invoice number, issue date, and payment due date are correct.

11. Click the “Create & Send” button to generate and send the invoice

*What is the invoice currency? This is the currency that your invoice will be issued in and can be different from the payment currency which you’ll receive as funds. For example, you can have the invoice currency as EUR (fiat) while receiving funds in SOL as the payment currency. You can also set both the invoice and payment currency as the same currency such as in SOL.

Pay an invoice on Solana

1. Log in to your Request account‍

2. Click on “Received Invoices” on the sidebar menu under Invoices

3. Next, select the invoice you wish to pay

4. Click on “Pay now”

5. Select a wallet

6. Proceed with payment following the instructions from your wallet

7. When payment is successful, the status of the invoice should change to “Paid”

If you’re more of a visual learner, here’s a 2-min tutorial on creating and paying an invoice on Solana. 

About Solana

Solana, founded in 2017 by former Qualcomm executive Anatoly Yakovenko, represents a breakthrough in blockchain technology. As an open-source platform, its primary mission is to markedly improve blockchain scalability, offering unparalleled speed and efficiency at low operational costs. 

What sets Solana apart is its innovative Proof of History (PoH) consensus mechanism, which not only enhances scalability and efficiency but also ensures a more secure and decentralized network, vital for business transactions. Remarkably, Solana achieves a high transaction throughput, handling up to 65,000 transactions per second. This capability significantly outpaces many existing blockchains, making it an ideal choice for businesses seeking efficient and bottleneck-free transaction management.

Felicia

Social & Content Marketing Manager

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