Crypto adoption as a means of payment has just reached a new milestone with the expansion of the Solana Pay plugin for Shopify! The latter now supports more than 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. All while offering real-time conversion to stablecoins such as USDC, EURC, PYUSD and USDY. The latter is a tokenized note secured by short-term US Treasury bills and bank demand deposits.
The goal of this new version is to integrate millions of traders into crypto trading. But also, to define a new standard for e-commerce payments by improving the payment experience, strengthening customer loyalty programs and integrating Web3 functionalities.
Stijn Paumen, CEO and co-founder of Helio, commented that 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 a significant step towards mass adoption of crypto payments. »
The benefits of updating Solana Pay
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.” Next, the plugin includes on-ramp functionality via the Helio dashboardallowing customers to fund their wallets with crypto 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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