Shopify Merchants Can Now Embrace Crypto Payments With Helio Integration
Portfolio Pulse from Murtuza Merchant
Shopify merchants can now accept payments in hundreds of cryptocurrencies through an upgraded Solana Pay plugin by Helio. This integration aims to enhance the payment experience and customer loyalty programs, offering low-fee transactions and real-time conversions to stablecoins. The plugin has processed $50 million in transactions in its first six months, saving merchants over $1 million in fees. Notable brands like Solana Mobile and Hivemapper are early adopters.
June 13, 2024 | 3:05 pm
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Shopify merchants can now accept payments in hundreds of cryptocurrencies through an upgraded Solana Pay plugin by Helio. This integration aims to enhance the payment experience and customer loyalty programs, offering low-fee transactions and real-time conversions to stablecoins.
The integration of the Solana Pay plugin into Shopify's merchant network is likely to attract more merchants and customers, enhancing the overall payment experience and potentially increasing Shopify's revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The upgraded Solana Pay plugin allows Shopify merchants to accept low-fee cryptocurrency payments, with real-time conversions settling in stablecoins. This feature ensures stability and predictability by avoiding the price volatility commonly associated with digital assets.
Solana's integration into Shopify's payment system is likely to increase the adoption and usage of Solana, enhancing its value proposition as a low-fee, fast transaction cryptocurrency.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80