Key Takeaways
- MoonPay plans to acquire Helio Pay for $150 million to strengthen its payment services.
- Helio Pay enables cryptocurrency payments for merchants through solutions like Solana Pay integrated into Shopify.
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MoonPay is in discussions to acquire cryptocurrency payment platform Helio Pay for about $150 million, according to Fox Business journalist Eleanor Terrett, who posted on X.
Once completed, this transaction will be the largest acquisition since Moonpay was founded in 2018.
MoonPay, which allows users to buy and sell digital assets using debit cards, credit cards, and mobile payment services such as Apple Pay and Google Pay, has built a user base of over 20 million accounts globally.
Our focus on simplifying cryptocurrency trading has made us the leading platform for onboarding users to digital assets.
Helio Pay operates a self-service platform that allows content creators and e-commerce merchants to accept cryptocurrency payments.
Specifically, Helio’s technology integrates Solana Pay into Shopify, allowing merchants to process payments in stablecoins such as USDC, PYUSD, and EURC with automatic conversion functionality.
The acquisition will expand MoonPay’s merchant services capabilities and add Helio’s technology to its existing payments infrastructure.
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