Stijn Paumen, the CEO of the rapidly growing cryptocurrency payment platform Helio, gives off a feeling that we’re dealing with a relatively new and developing market.
The CEO and founder pointed out that while decentralized blockchain systems like Bitcoin and Ethereum bring new innovations, the capabilities and efficiency of conventional financial structures still surpass the fundamental bases of these chains.
According to Paumen, Apple Pay sets a high standard for convenience – with just a tap on your phone, a payment is made in mere seconds. The question is, how will we surpass this?
According to Paumen, the latest blockchain networks are catching up, although they still encounter initial challenges. He further explains that with advanced blockchain versions like Solana, although there is much discussion about traffic jams, we possess the technical expertise to find solutions.
In March 2022, Paumen and CTO Jim Walker introduced Helio. These two entrepreneurs had recently departed from a successful company to delve into the cryptocurrency sector. Paumen shares their enthusiasm for Solana’s impressive transaction throughput and swift confirmation times as the foundation of creating a fresh crypto payment system.
Following Paumen’s perspective, the concept of using cryptocurrency for transactions took off after someone spent an equivalent of 10,000 BTC on pizza. However, the process left much to be desired. Transactions often took up to 20 minutes or simply failed to go through at all.
Helio’s platform allows retailers and e-commerce sites, regardless of size, to accept bitcoin payments. Although it processes $30 million in transactions monthly, its primary goal is serving the Web3 market, benefiting both merchants and users. The payment plugin developed by Helio has sparked interest within the Solana community, facilitating sales of around 80,000 Solana mobile phones.
In the opinion of Paumen, making payments on the Web3 platform brings about complications for the ecosystem despite having the potential to disrupt traditional market players.
Internally at our company, we refer to the idea of “crypto granny.” This term signifies a situation where a grandmother can purchase a Bored Ape hoodie for her grandson as a gift, without having to own any crypto or possessing knowledge about blockchain technology.
The Helio CEO concluded by expressing his belief that companies such as Apple Pay might process transactions on blockchain technology in the future. He is also an advocate for the concept of transferring funds anywhere in the world without the need for intermediaries, offering quick or instant settlement and affordable fees through decentralized means.
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2024-04-22 19:00