coinspress.com
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.