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Crypto: Here's how Solana reinvents payments with Shopify!

Sun 16 Jun 2024 ▪ 3 min of reading ▪ by Eddy S.
Getting informed Regulation Crypto

Crypto adoption as a means of payment has just reached a new milestone with the expansion of the Solana Pay plugin for Shopify! It now supports over 100 cryptocurrencies. This update, powered by Helio, promises to transform the payment experience for millions of Shopify merchants worldwide.

Crypto Solana Pay Shopify

Solana redefines crypto payments with Shopify!

The Solana Pay plugin allows merchants to accept crypto payments with reduced fees. All this while offering real-time conversion into stablecoins such as USDC, EURC, PYUSD, and USDY. The latter is a tokenized note backed by short-term U.S. Treasury bills and demand deposits.

The goal of this new version is to integrate millions of merchants into the crypto commerce. Additionally, to set a new standard for e-commerce payments by improving the payment experience, enhancing 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 in “a few simple clicks.” “Enabling the largest e-commerce platform to accept crypto payments faster than card payments is a significant step towards the mass adoption of crypto payments.”

The advantages of the Solana Pay update

The Solana Pay plugin update has introduced several notable features and benefits. Firstly, it has introduced a 0.75% transaction fee. These “competitive” fees are necessary to “support ongoing innovation and operational costs.” Next, the plugin includes an on-ramp feature via the Helio dashboard, allowing 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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Eddy S. avatar
Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.