MoonPay, a cryptocurrency payments firm, has acquired blockchain payment processor and Solana-based platform, Helio for $175 million.
Helio is a crypto checkout app, serving over 6,000 merchants and millions of users. Its platform facilitates payments in USDC, SOL, BTC, ETH, and other digital assets for various applications, including e-commerce, subscriptions, and digital goods.
Over three years, Helio claims it has processed more than $1.5 billion in transactions, powering payments for high-profile projects like Magic Eden NFT pre-sales and Solana Mobile phone sales.
The platform also integrates with widely used services like Shopify, WooCommerce, and Discord, offering merchants seamless on-chain checkout options.
Helio Tech To Be Integrated Into MoonPay System
In a release shared with CryptoNews MoonPay said it plans to integrate Helio’s technology into its system, improving its product portfolio for marketplaces, trading platforms, and decentralized applications.
Ivan Soto-Wright, CEO and co-founder of MoonPay, said the acquisition is an important step, adding: “Helio’s technology and expertise strengthen our ability to deliver efficient, secure, and scalable solutions for crypto commerce and marketplaces. With this partnership, we now offer the most comprehensive product for on-chain payments.”
“Joining MoonPay accelerates our mission to replace slow, costly merchant payments with fast, affordable, and decentralized solutions, empowering thousands of merchants to reach millions of customers,” said Helio co-founder and CEO Stijn Paumen.
Earlier this year, MoonPay partnered with PayPal, enabling users to buy and sell over 110 cryptocurrencies using PayPal accounts. MoonPay also integrated with Venmo, the U.S. peer-to-peer payment app, becoming the first crypto company to offer Venmo funding for crypto transactions.
Recently, MoonPay secured approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation, expanding its reach across the European Economic Area.
The post Crypto Payments Firm MoonPay Acquires Helio for $175M appeared first on Cryptonews.
