SOL - Shopify Merchants Can Now Embrace Crypto Payments With Helio Integration | Benzinga
Shopify merchants can now accept payments in hundreds of cryptocurrencies, with an upgraded Solana (CRYPTO: SOL) Pay plugin.
What Happened: The update, launched by Web3 payments provider Helio, aims to integrate crypto payments into Shopify’s merchant network, enhancing the overall payment experience and customer loyalty programs.
The new Solana Pay plugin allows merchants to accept low-fee cryptocurrency payments, with real-time conversions settling in stablecoins such as USDC (CRYPTO: USDC), EURC, PYUSD (CRYPTO: PYUSD) and USDY.
This feature ensures stability and predictability by avoiding the price volatility commonly associated with digital assets.
In its initial six months, the plugin processed approximately $50 million in transactions for over 200 stores, saving merchants over $1 million in fees.
Notable brands like Solana Mobile, Hivemapper and Bryan Johnston were among the early adopters.
The upgrade promises even more benefits, including instant payouts, the elimination of chargebacks, and a broader range of payment options for customers.
Stijn Paumen, Co-Founder and CEO of Helio, ...