NEAR Protocol

Status: coming soon. Plaidly does not yet settle payments on NEAR Protocol. The details below describe planned support. Today only Ethereum and Solana are settleable.

Overview

Supported tokens

Confirmations

When NEAR Protocol settlement ships, Plaidly will require 1 block confirmation before marking a payment confirmed. NEAR achieves single-block finality in approximately 1 second using Nightshade sharding.

Fees

NEAR fees are extremely low (typically under $0.001 per transaction). NEAR is required for gas and storage deposits — Plaidly's receiving accounts are pre-funded.

Testnet (NEAR Testnet)

• Faucet: https://near-faucet.io
• Explorer: https://testnet.nearblocks.io
• Use the sandbox simulate endpoint for instant test confirmations

Address format

NEAR supports two account formats:

# Named account (human-readable)
merchant.near

# Implicit account (64-char hex, derived from public key)
98793cd91a3f870fb126f66285808c7e094afcfc4eda8a970f6648cdf0dbd6de

Plaidly generates implicit accounts for receiving addresses.

Notes

• NEAR uses a sharded architecture (Nightshade) for horizontal scalability
• USDC on NEAR is bridged from Ethereum via Rainbow Bridge
• NEAR accounts require a minimum storage deposit for token balances
• Transaction finality in ~1 second makes NEAR one of the fastest chains for payment confirmation
• NEAR's human-readable account system simplifies UX compared to hex addresses