Helio Pay, a leading cryptocurrency payments platform, has announced a significant update to its Solana Pay integration on Shopify, expanding its capabilities to support multiple blockchain networks. The new update enables merchants to accept payments in a broader array of digital currencies, including Bitcoin (BTC), Ethereum (ETH), and various Layer 2 solutions, alongside Solana. This move is designed to enhance the flexibility of payment options for customers and streamline transaction management for merchants, catering to the growing demand for multichain payment solutions in the e-commerce space.
The multichain enhancement is a major step for Helio Pay as it seeks to attract a wider customer base, particularly those familiar with popular cryptocurrencies like Bitcoin and Ethereum. By offering multiple blockchain networks, Helio Pay allows merchants to tap into a larger audience of crypto users while maintaining efficient transaction processing through Solana, which remains the platform's core network.
“We will offer buyers the flexibility of paying on Bitcoin, Ethereum, and more, while merchants still settle on Solana,” said Stijn Paumen, CEO and co-founder of Helio Pay. This development aligns with the growing trend in e-commerce of integrating blockchain-based payment solutions, providing more choices for customers and simplifying the payment process for merchants.
Since its inception, Helio Pay has been powered by Solana, known for its fast transaction speeds and low-cost fees. These features have made Solana a preferred blockchain for many businesses in the crypto space, and Helio Pay has leveraged this to offer an efficient payment platform for Shopify merchants.
Helio Pay’s platform has already gained traction, with over 1,000 Shopify stores using its services. Now, with the addition of Bitcoin, Ethereum, and Layer 2 support, merchants can cater to an even wider array of customers, each with their preferred digital currencies.
Merchants using the new multichain Helio Pay integration can now accept a broader range of cryptocurrencies, including the largest by market cap—Bitcoin and Ethereum—while continuing to settle payments on Solana. This enhances both payment flexibility for customers and efficiency for merchants, making the platform even more appealing to those looking to expand their crypto payment options.
One of the key benefits of this integration is that merchants can now manage all crypto payments through a single dashboard, streamlining their operations and providing a more seamless checkout experience for customers. Additionally, Helio Pay allows businesses to accept payments in Solana, Bitcoin, Ethereum, and Layer 2 solutions, with the flexibility to process transactions in different tokens but settle payments in stablecoins or fiat currency.
Helio Pay is also pushing forward with innovative features that enhance the customer experience, such as NFT-based loyalty programs. These programs enable merchants to offer exclusive discounts, rewards, and incentives for repeat customers, helping to foster engagement and customer retention. The platform also includes Discord gating and community listing tools to improve customer interaction and brand loyalty.
For merchants, the ability to integrate these advanced features into their e-commerce setup further enhances the appeal of Helio Pay, providing a more complete and efficient way to manage crypto payments and customer engagement.
With this update to its Solana Pay plugin, Helio Pay continues to lead the charge in revolutionizing e-commerce payment systems. The crypto payments platform allows Shopify merchants to accept payments in hundreds of cryptocurrencies, offering lower fees, faster transactions, and the elimination of traditional intermediaries like banks.
Paumen emphasized the significant advantages of Solana Pay, especially in terms of transaction speed and cost. "Solana Pay enables super-fast, blockchain-secured payments that cut out intermediaries, reducing high fees, chargeback rates, and slow payouts," he said. This streamlined approach not only benefits merchants but also provides a better payment experience for customers, whether they are using Bitcoin, Ethereum, or Solana.
Helio Pay’s Solana Pay plugin has already seen impressive success since its launch. In the first six months of operation, the platform processed over $50 million in transactions for more than 200 stores. This achievement saved merchants over $1 million in fees, proving that blockchain payments can offer real-world benefits in terms of cost reduction and efficiency.
Merchants can accept payments in a variety of cryptocurrencies like SOL or BONK while receiving payouts in stablecoins. These can then be converted into fiat and transferred to the merchant’s bank account, ensuring a smooth and flexible payment experience. With a transaction fee of just 0.75%, significantly lower than traditional payment methods, Helio Pay aims to make crypto payments more accessible for both businesses and customers.
With the successful integration of multiple blockchains, Helio Pay is positioning itself as a leader in the growing trend of multichain crypto payments. The expansion to support Bitcoin, Ethereum, and Layer 2 networks is expected to further drive adoption among Shopify merchants and users of cryptocurrencies, creating a more diverse and inclusive payment ecosystem for the crypto industry.
As more businesses look to adopt cryptocurrency as a payment method, Helio Pay’s approach to multichain solutions could become a key differentiator in the crowded e-commerce space. By offering merchants a seamless, cost-effective, and flexible way to accept digital currencies, Helio Pay is well-positioned to be a major player in the crypto payment sector for years to come.
Helio Pay’s recent update to its Solana Pay integration represents a major step forward in making cryptocurrency payments more accessible and user-friendly for e-commerce businesses. By expanding support to Bitcoin, Ethereum, and Layer 2 solutions, Helio Pay is providing merchants with the tools they need to meet the growing demand for flexible payment options in the crypto space. With an ever-expanding range of features and a commitment to driving adoption, Helio Pay is set to continue revolutionizing the world of crypto payments for Shopify merchants and beyond.
The platform’s user-friendly interface, low transaction fees, and innovative features such as NFT loyalty programs make it one of the most compelling options for merchants looking to integrate cryptocurrency payments into their businesses.
November 2024, Cryptoniteuae