Solana Enterprise Platform Gains Traction with Major Financial Partners

The partnership between Mastercard, Western Union, and Worldpay with the Solana Foundation aims to make it easier for banks and payments companies to build products on its blockchain network. The Solana Developer Platform, or SDP, bundles together infrastructure from more than 20 technology partners into a single API-driven interface.

The platform is structured around three core modules covering the issuance of digital assets, payment orchestration, and trading. Mastercard is using SDP to enable stablecoin settlement on the Solana network, while Worldpay is applying it to merchant payments and settlement. Western Union is exploring how the platform can extend its existing capabilities onto the blockchain.