Helio upgraded Solana Pay for Shopify, which supports over 100 cryptocurrencies, to improve the purchasing process and merchant flexibility.
Helio has disclosed an upgrade to its Solana Pay Shopify module, which now accommodates more than 100 cryptocurrencies.
This expansion aims to enhance the flexibility of crypto payments on the Shopify platform, enabling merchants to accept a greater variety of digital currencies, including popular and meme-based cryptocurrencies. Through partnerships with more than 200 Shopify stores, the plugin has generated $50 million in revenue thus far.
The Solana Pay upgrade increases the number of cryptocurrency options
Sellers can now accept payments in hundreds of cryptocurrencies with the new Solana Pay module, a significant enhancement from the previous version, which exclusively accepted USDC. Jupiter enables this feature, which allows merchants to manage their revenues stably by converting the received cryptocurrencies to stablecoins.
“This upgrade establishes Solana Pay as a merchant-oriented and adaptable solution for a variety of payment methods in the crypto economy,” said Stijn Paumen, CEO of Helio.
More importantly, this plugin includes features that facilitate checkout and enhance the browsing experience. Some of these include the ability to conduct transactions in fiat currencies and the ability for merchants to automatically convert their digital currencies into fiat, simplifying store owners’ processes.
Improved Merchant Features and Checkout Experience
The upgrade also improves the checkout procedure, making it more user-friendly and efficient. It has also created new opportunities for merchants to offer new services, such as access to unique lists and NFT airdrops, that could benefit consumers.
Consequently, the integration does not necessarily indicate Shopify’s direct involvement, as any customer can effortlessly install the application in the Shopify App Store without Shopify’s authorization. This demonstrates the platform’s openness and non-prescriptiveness.
These enhancements are intended to enhance the functionality and options of cryptocurrencies, thereby increasing their appeal and availability for both merchants and their clients. “We are committed to ensuring that the adoption of crypto payments is as simple and profitable as possible for merchants worldwide,” stated Paumen.
Circle Introduces Web3 Services on Solana
Concurrently, Circle has integrated the Web3 services into the Solana network, as reported by Coingape. This integration is a significant indicator of Solana’s growth in the blockchain ecosystem. This new service suite is designed to assist developers in developing applications that utilize multi-chain wallets. It is compatible with the Ethereum, Polygon PoS, and Avalanche blockchains.
Circle’s initiative simplifies the resolution of specific technical challenges associated with blockchain technology, including transaction costs and critical management.
Despite these developments, Solana’s (SOL) price has been in a bearish rally over the past 24 hours, representing a 6.82% decrease from the intraday high.
