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home / articles / SOL - Solana Mobile Sales Highlight Potential Of Blockchain Payments Generating $45M With Zero Fees | Benzinga


SOL - Solana Mobile Sales Highlight Potential Of Blockchain Payments Generating $45M With Zero Fees | Benzinga

Solana (CRYPTO: SOL) co-founder Anatoly Yakovenko sparked discussions on blockchain's role in e-commerce, sharing the success story of their recent mobile phone sales.

What Happened: Partnering with web3 payment platform Helio, Solana pre-sold 100,000 "chapter 2" phones, raking in a staggering $45 million.

Notably, transactions processed through Helio's Solana Pay plugin, which utilized the USD Coin (CRYPTO: USDC), incurred zero fees, unlike the $600,000 in fees associated with traditional card payments for the same sales volume.

This stark contrast highlights the potential cost savings offered by blockchain-based payment solutions.

Stijn Paumen, Helio's founder, emphasized the additional ...

Full story available on Benzinga.com

Stock Information

Company Name: Renesola Ltd. ADR
Stock Symbol: SOL
Market: NYSE
Website: renesolapower.com

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