Helio has announced an upgrade to its Solana Pay Shopify plugin, which now supports over 100 cryptocurrencies.
This expansion is to increase flexibility of crypto payments in Shopify platform, allowing merchants to accept more digital currencies, both popular ones and meme-based coins. The plugin has so far made $50 million in sales through collaboration with over 200 Shopify stores.
The new Solana Pay plugin enables sellers to accept payments in hundreds of cryptocurrencies, which is a vast improvement over the previous version that only accepted USDC. This feature is enabled by Jupiter that helps convert the received cryptocurrencies to stablecoins and thus allows the merchants to manage their revenues in a stable manner.
”This upgrade puts Solana Pay as a flexible and merchant-oriented solution for various forms of payments in the crypto economy,” stated Stijn Paumen, CEO at Helio.
Additionally, this plugin has features that help in the easy and fast checkout process and make the shopping experience better. Some of these are the capability to make transactions in fiat currencies, and the possibility for the merchants to liquidate their digital currencies into fiat automatically, which makes the processes of the owners of the stores easier.
The upgrade also enhances the checkout process to make it efficient and easy to use. It has also opened new possibilities for merchants to provide new services such as NFT airdrops and access to special lists which could benefit the consumers.
Thus, the integration obviously does not imply Shopify’s direct interference, as any customer can easily install the application into the Shopify App Store without Shopify’s approval, which proves that the platform is open and non-prescriptive.
These improvements are designed to increase the availability and appeal of cryptocurrencies for both merchants and their clients through increased choice and improved functionality. ”We want to ensure that adopting crypto payments is as easy and profitable as possible for merchants worldwide,” said Paumen.
Concurrently, as reported by Coingape, Circle has integrated the Web3 services to the Solana network which is a strong indication of the growth of Solana in the blockchain ecosystem. This new service suite is developed for helping developers to build applications with multi-chain wallets and supports the Ethereum, Polygon PoS, and Avalanche blockchains.
Circle’s initiative is geared towards making it easier to address some of the technical issues that are linked with the use of blockchain such as key management and transaction costs.
Despite these developments, Solana’s (SOL) price has been in a bearish rally in the last 24 hours, with prices swaying between an intra-day high and low of $160.32 and $149.29, respectively. At press time, SOL was trading at $149.07, a 6.82% decline from the intra-day high.
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