Solana News Today: Blue Origin Partners with Shift4 to Accept Solana for Spaceflight Payments

Blue Origin, the space exploration company founded by Jeff Bezos, has announced a new partnership with Shift4, a global digital payments platform, to enable cryptocurrency payments for its spaceflights. This collaboration allows customers to pay the required $150,000 deposit for a seat on Blue Origin’s New Shepard spacecraft using Solana (SOL), among other crypto options [1]. Shift4, which processes over $280 billion in remittances annually, emphasized the move as a significant step toward expanding the use of crypto for high-end transactions [1].

The decision to accept Solana aligns with a broader trend of businesses integrating blockchain technology into their operations, with crypto becoming a viable form of payment for increasingly diverse services. According to Alex Wilson, the head of Crypto at Shift4, the use of crypto and stablecoins is expected to grow, especially for premium purchases, as they offer financial benefits for both consumers and merchants [1]. This development could boost Solana’s utility and adoption, potentially enhancing its value.

Recent market movements show Solana has increased by 2.2% in the past seven days [1]. Analysts suggest that the growing number of companies adopting Solana as a backend infrastructure may generate increased buying interest and liquidity, which could push the price of SOL to new levels. The partnership with Blue Origin could also increase transaction volumes on the Solana network, further supporting a bullish Solana price prediction in the near term [1].

However, Solana’s price has recently faced downward pressure after hitting resistance at $185. If it breaks below this level, the next support is expected around the 200-period EMA or at $165. A strong bounce from these levels could signal a resumption of the upward trend and potentially push the price toward $205 or higher [1]. Institutional and corporate interest, including that from Blue Origin, is seen as a positive momentum driver for the broader crypto market [1].

Solana’s blockchain has demonstrated strong performance in handling large transaction volumes efficiently, making it an attractive option for businesses seeking scalable infrastructure. As crypto continues to gain mainstream acceptance, the Solana network is positioned to benefit from this momentum [1].

Source: [1] Solana Price Prediction: Jeff Bezos’ Space Company Now Accepts SOL – Biggest Partnership of the Year? (https://cryptonews.com/news/solana-price-prediction-jeff-bezos-space-company-now-accepts-sol-biggest-partnership-of-the-year/)