Helio Pay Leverages Solana’s Power  to Expand Crypto Payments on Shopify

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Hassan Shittu

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Hassan Shittu

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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

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November 5, 2024 17:35 EST

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Helio Pay, a leading crypto payments platform, has announced an expansion of its Solana Pay integration on Shopify. It now supports multiple blockchain networks, including Bitcoin, Ethereum, and various Layer 2 solutions.

The enhancement allows merchants to accept a wider range of cryptocurrencies, offering customers more payment options while streamlining transaction management.

Helio Pay Expands Multichain Payment Options for E-Commerce

According to the announcement, the multichain approach seeks to attract a broader audience, particularly customers familiar with Bitcoin and Ethereum, while streamlining merchants’ payment processes.

“We will offer buyers the flexibility of paying on Bitcoin, Ethereum, and more whilst merchants still settle on Solana,” Helio CEO and co-founder Stijn Paumen said.

The development aligns with the growing trend in e-commerce to integrate blockchain solutions for payment flexibility.

Helio Pay hopes to appeal to merchants and customers interested in diverse payment options within the crypto space by supporting multiple blockchain networks.

Since its founding, Helio Pay has relied on Solana for its speed and cost-effectiveness, establishing it as the default network.

Over 1,000 Shopify stores currently use Helio Pay, which now claims to offer one of the most seamless crypto checkout experiences.

While Solana is known for its transaction speed and affordability, Bitcoin and Ethereum are still the two largest cryptocurrencies by market cap, providing customers with broader payment choices.

The expanded platform enables merchants to accept payments in Solana, Bitcoin, Ethereum, and Layer 2 networks, allowing businesses to cater to a wider audience and simplify the process for customers to pay with their preferred digital assets.

Helio Pay’s platform also includes features like NFT-based loyalty programs that provide exclusive discounts, Discord gating, and listing for community engagement.

Shopify merchants can process crypto payments more efficiently by integrating with Solana Pay, utilizing Solana’s high-speed and low-cost transaction capabilities.

With this update, merchants can manage all crypto payments from a single dashboard, streamlining operations and enhancing customer options.

E-Commerce Revolution: Helio’s Solana Pay Plugin Brings Blockchain Efficiency to Shopify

On July 13, Crypto payments platform Helio announced an update to its Solana Pay plugin for Shopify, allowing millions of merchants to accept payments in hundreds of cryptocurrencies.

This upgrade includes broader token support, enhanced loyalty programs, and seamless integration, strengthening the Solana-based payment service.

Paumen emphasized the advantages of Solana Pay, highlighting super-fast, blockchain-secured payments that eliminate traditional intermediaries like banks.

This shift aims to reduce high fees, chargeback rates, and slow payouts, enhancing the e-commerce experience.

Initially launched last year, Helio’s Solana Pay plugin processed approximately $50 million in transactions for over 200 stores within six months, saving merchants over $1 million in fees.

Merchants can accept payments in cryptocurrencies like SOL or BONK while receiving stablecoin payouts, which can be converted to fiat and sent to their bank accounts.

With a transaction fee of just 0.75%, lower than traditional methods, Helio aims to make crypto payments more accessible and user-friendly for everyday transactions.