Helio has announced an update to its Solana Pay plugin for Shopify, broadening the scope of accepted cryptocurrencies and introducing new merchant-centric features such as NFT airdrops and automatic conversions to fiat currency.
The upgrade, revealed on Thursday, leverages blockchain’s speed and security to improve the e-commerce payment process.
With a transaction fee of 0.75%, Helio’s plugin emerges as a more economical option compared to the typical credit card fees, which range from 1.5% to 3.5%.
The plugin now supports an extensive array of cryptocurrencies, including prominent ones like Bitcoin and Ether, alongside PayPal’s PYUSD and various memecoins.
Merchants have the added benefit of using Jupiter for automatic conversion of received cryptocurrencies to stablecoins to reduce the risks associated with price volatility.
The plugin enables direct conversion between cryptocurrencies and fiat currencies, simplifying transactions for both merchants and customers.