MoonPay Acquires Helio to Enhance Crypto Payment Services
MoonPay has acquired blockchain payment platform Helio for $175 million, aiming to bolster its crypto payment infrastructure and expand services for merchants and developers.
Helio, built on Solana, facilitates cryptocurrency payments for Bitcoin, Ethereum, Solana, and USD Coin, with over 6,000 merchants and $1.5 billion in transaction history.
This acquisition integrates Helio’s technology into MoonPay’s ecosystem, promising faster, decentralized payment solutions for e-commerce and subscription services. Helio’s co-founder, Stijn Paumen, expressed optimism about leveraging MoonPay’s resources to simplify crypto transactions further.
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The move aligns with MoonPay’s growth strategy, following its recent regulatory approval under the EU’s MiCA framework to operate as a licensed crypto business in the Netherlands. It also builds on MoonPay’s November 2024 launch of MoonPay Balance, a tool enabling users to store and spend fiat within its platform.
Initially rumored to cost $150 million, the finalized deal underscores MoonPay’s commitment to innovation in digital payments, positioning the company as a leader in bridging traditional finance with blockchain technology.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
