Helio has updated its Solana Pay plugin for Shopify, enabling merchants to accept payments in hundreds of cryptocurrencies with real-time stablecoin conversions.

The enhanced plugin allows Shopify merchants to receive payments in various cryptocurrencies, with instant conversions settling transactions in stablecoins like USDC, EURC, PYUSD, and USDY. This update aims to streamline the e-commerce payment experience, making it easier and quicker for both merchants and customers.

The updated plugin enables customers to fund wallets with their preferred crypto and offers merchants a better way to convert crypto earnings to fiat directly in their bank accounts. According to Stijn Paumen, Co-Founder & CEO of Helio, “Crypto holders represent a rapidly growing global consumer segment. Shopify merchants can now easily reach this audience by installing Solana Pay in a few simple clicks.”

Solana Pay, built on Solana (SOL) and managed by Helio, is an open, free-to-use payment framework integrated into Shopify. It allows merchants to accept low-fee cryptocurrency payments. In its first six months, the initial version of the plugin processed approximately $50 million in transactions for over 200 stores, including Solana Mobile, Hivemapper, and Bryan Johnston, saving merchants over $1 million in fees.

Solana Pay provides stability and predictability by allowing instant conversions and settlements in stablecoins, mitigating price volatility. The new Solana Pay plugin will allow Shopify customers to fund their wallets with crypto using their preferred currency. It will also include a better off-ramp feature for merchants to convert crypto earnings to fiat directly in their bank accounts.

The update also adds advanced Web3 features like NFT airdrops, exclusive store access for NFT holders, and integration with wallets like Phantom and Coinbase. Steven Laver, Mobile Engineering Lead at Solana, mentioned, “With Helio’s Solana Pay plugin for Shopify, we’re taking product preorders denominated in USDC and have saved more than $1 million in card processing fees so far – savings that can be reinvested back into the product development process.”

The improved plugin has a transaction fee of 0.75%. This fee supports ongoing innovation and helps manage operational costs, offering an alternative to traditional payment methods.

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