Solana
This is how Solana is reinventing payments with Shopify!
Sun June 16, 2024 ▪ 3 min reading ▪ by Eddy S.
The adoption of crypto as a means of payment has just taken a new step with the extension of the Solana Pay plugin for Shopify! It now supports over 100 cryptocurrencies. This update, powered by Helio, promises to transform the checkout experience for millions of Shopify merchants around the world.
Solana Redefines Crypto Payments with Shopify!
The Solana Pay plugin allows merchants to accept crypto payments with reduced fees. While offering real-time conversion to stablecoins such as USDC, EURC, PYUSD and USDY. The latter is a symbolic note guaranteed by short-term securities US Treasury Bonds and bank deposits on demand.
The goal of this new version is to integrate millions of traders into crypto trading. But also, setting a new standard for e-commerce payments by improving the checkout experience, strengthening customer loyalty programs and integrating Web3 features.
Stijn Paumen, CEO and co-founder of Helio, said merchants can easily reach customers by installing Solana Pay with “a few simple clicks”. “Enabling the largest e-commerce platform to accept crypto payments faster than card payments is an important step towards mass adoption of crypto payments.”
The benefits of the Solana Pay update
The Solana Pay plugin update introduced several notable features and benefits. First, it introduced a 0.75% transaction fee. These “competitive” fees are necessary to “support continued innovation and operational costs.” Second, the plugin includes on-ramp functionality via the Hélio dashboardallowing customers to fund their wallets with cryptocurrencies in their preferred currency.
The expansion of the Solana Pay plugin for Shopify marks a turning point in the adoption of crypto payments for e-commerce. With support for hundreds of cryptocurrencies, Shopify merchants now have access to a flexible and innovative payment solution! Paving the way for a new era of decentralized financial transactions.
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Eddy S.
The world is evolving and adaptation is the best weapon to survive in this undulating universe. Basically a crypto community manager, I am interested in everything directly or indirectly related to blockchain and its derivatives. In order to share my experience and raise awareness of a field that fascinates me, there is nothing better than writing articles that are informative and relaxed at the same time.
DISCLAIMER
The views, thoughts and opinions expressed in this article belong solely to the author and should not be considered investment advice. Do your own research before making any investment decisions.