Solana News Today: Solana Launches No-KYC SolCard with Apple Pay Integration and 8% Staking Cashback

Solana is reportedly preparing to launch a new crypto payment solution known as “SolCard,” a no-KYC digital and physical card designed for everyday spending. The card will allow users to load their accounts with Solana’s native SOL token, which is then automatically converted into USD for use at over 150 million global merchants, including online platforms and in-store locations. The integration with Apple Pay and Google Pay adds an extra layer of convenience, enabling tap-to-pay functionality at a wide range of retail and service points.

The card is expected to support real-time, low-cost transactions, leveraging Solana’s fast and low-fee blockchain infrastructure. Users can load their SolCard with as little as 0.5 SOL and begin spending immediately, with a 5% top-up fee and 2% non-USD transaction fee. While the card does not require any personal information for use under $10,000 in monthly spending, users can opt for KYC verification through customer support for higher limits [1].

One of the most distinctive features of SolCard is its no-KYC policy for most transactions. This approach is particularly attractive in the current regulatory environment, where many crypto platforms are tightening compliance measures. SolCard offers a privacy-first alternative, allowing users to spend crypto without revealing their identity, provided they stay within the monthly threshold. For users in less regulated jurisdictions, this represents a more accessible and secure way to use crypto in daily life [1].

The launch of SolCard is part of a broader strategy to bring Solana-based DeFi solutions into the mainstream. Alongside KAST, which already provides Solana-branded cards, and Solana Pay’s QR-based payment protocol, the new card represents a significant step toward integrating crypto into everyday commerce. These tools collectively reinforce Solana’s position as a leader in the development of user-friendly, fast, and cost-effective crypto payment systems [1].

The card is also backed by the $SOLC token and will offer staking-based cashback rewards of up to 8%. This not only incentivizes early adoption but also ties the card’s utility to a broader DeFi ecosystem on Solana. By combining real-world spending with crypto-based rewards, SolCard aims to bridge the gap between digital assets and traditional financial systems [1].

Solana’s recent post on X referencing SolCard and KAST has already sparked widespread interest within the crypto community. While many details remain unconfirmed, the project appears to be a strategic move to expand the practical use cases for SOL and other Solana-based assets. As the card moves closer to launch, it could further accelerate the adoption of Solana as a go-to blockchain for payments and decentralized finance [1].

Source: [1] Solana Card Incoming? New “SolCard” Teases No-KYC, Apple Pay-Ready Crypto Payments for Millions (https://www.cryptoninjas.net/news/solana-card-incoming-new-solcard-teases-no-kyc-apple-pay-ready-crypto-payments-for-millions/)