Helio to bring crypto payments to new Shopify merchants via Solana Pay Plugin update

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As a seasoned crypto investor with a strong background in e-commerce, I’m thrilled about the latest update from Helio on their Solana Pay plugin for Shopify. The ability to accept payments in hundreds of cryptocurrencies with real-time stablecoin conversions is a game-changer for online merchants looking to expand their customer base and reach the rapidly growing global crypto community.

As a crypto investor, I’m excited about the latest update from Helio. Now, I can use their Solana Pay plugin on Shopify to accept various cryptocurrencies as payment from my customers. And here’s the best part – these transactions are instantly converted into stablecoins for real-time and hassle-free processing.

Based on a recent announcement from crypto.news, the upgraded Shopify plugin enables merchants to accept cryptocurrency payments, converting them instantly into stablecoins such as USDC, EURC, PYUSD, and USDY for seamless transactions.

Shopify merchants now have the capability to process a wider range of cryptocurrency transactions with ease, instantly converting them into stablecoins or traditional currency. This innovation is designed to enhance the online shopping experience by streamlining and accelerating the payment process.

As a crypto investor, I’m excited about the new feature of this plugin. Now, I can easily top up my digital wallet with my preferred cryptocurrency. Plus, merchants can now seamlessly convert their crypto revenues into fiat currency and directly deposit it into their bank accounts. This update brings convenience and efficiency to our crypto transactions.

As a researcher studying the burgeoning world of cryptocurrencies, I’ve come across an intriguing development: Stijn Paumen, the Co-Founder and CEO of Helio, announced that crypto holders constitute a rapidly expanding consumer demographic. Shopify merchants now have the ability to tap into this market with ease by integrating Solana Pay in just a few straightforward steps.

Solana Pay initiated a partnership with Shopify, enabling businesses to utilize a quicker, more effective, and clearer payment solution using USDC as the currency.

What is Solana Pay? 

Shopify merchants can now easily integrate the open-source and cost-free Solana Pay payment solution onto their platforms. This framework, operated by Helio, operates on the Solana blockchain (SOL). By adopting Solana Pay, merchants are able to process cryptocurrency transactions at minimal fees.

Over a period of six months, the preliminary form of the plugin handled around $50 million worth of transactions for more than 200 businesses such as Solana Mobile, Hivemapper, and Bryan Johnson. This resulted in significant fee savings for merchants, totaling over $1 million, according to the press release.

As a crypto investor, I can tell you that one way to mitigate the unpredictability of cryptocurrency markets is by utilizing Solana Pay for transactions. Instead of dealing directly with volatile digital assets like Bitcoin or Ethereum, Solana Pay enables instant conversions and settlements in stablecoins. By doing so, you’re effectively insulating yourself from the price swings that can occur in the crypto market, ensuring a more consistent experience when making transactions.

With the introduction of the latest Solana Pay integration, Shopify users can now effortlessly top up their digital wallets using their chosen cryptocurrency. Furthermore, this update comes with an enhanced cash-out mechanism, empowering merchants to instantly convert their crypto revenues into fiat currency and transfer the funds directly into their bank accounts.

As an analyst, I’d rephrase that as follows: I’m excited to share that the latest update includes enhanced Web3 capabilities. With this upgrade, users can now experience features such as NFT airdrops, exclusive store access for NFT holders, and seamless integration with wallets like Phantom and Coinbase.

As a researcher studying the latest developments in e-commerce payments, I’ve discovered an intriguing implementation: Solana’s Helio Solana Pay plugin for Shopify. This innovation enables us to collect product preorders priced in USDC. So far, we’ve saved over $1 million in card processing fees – a substantial sum that can be reallocated towards refining our products or further enhancing the development process.

As an analyst, I would explain it this way: The upgraded version of our plugin now includes a transaction fee of 0.75%. By choosing this option, you contribute towards funding ongoing advancements and managing operational expenses, providing you with an attractive alternative to conventional payment methods.

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2024-05-31 22:28