MoonPay, has announced the acquisition of Helio, a Solana-based crypto payment processor, for $175 million.
Author: Sahil Thakur
MoonPay, a leading cryptocurrency payment provider, has announced the acquisition of Helio, a Solana-based crypto payment processor, for $175 million. The move strengthens MoonPay’s capabilities in the decentralized finance (DeFi) and e-commerce sectors by incorporating Helio’s advanced infrastructure and ecosystem.
Helio supports over 6,000 merchants and millions of users, enabling seamless crypto transactions in assets like USDC, SOL, BTC, and ETH. The platform is integrated with popular services such as Shopify, WooCommerce, Discord, and Solana Pay, processing over $1.5 billion in transactions to date.
MoonPay’s CEO, Ivan Soto-Wright, described the acquisition as a critical step in advancing their mission to simplify global crypto adoption. Helio’s CEO, Stijn Paumen, added that joining MoonPay would accelerate efforts to replace traditional merchant payment systems with decentralized, cost-effective alternatives.
MoonPay has been actively expanding its offerings in 2024. In June, it partnered with PayPal to enable cryptocurrency purchases directly through PayPal accounts. By October, MoonPay had integrated with Venmo, allowing users to buy crypto using their Venmo balances or linked accounts.
In December, MoonPay gained approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation, positioning it for further growth within the European Economic Area.
This acquisition signals potential consolidation in the crypto industry under favorable regulatory conditions. By integrating Helio, MoonPay strengthens its role as a major player in crypto payments, bridging the gap between blockchain technology and mainstream e-commerce.
Our Crypto Talk is committed to unbiased, transparent, and true reporting to the best of our knowledge. This news article aims to provide accurate information in a timely manner. However, we advise the readers to verify facts independently and consult a professional before making any decisions based on the content since our sources could be wrong too. Check our for more info.
Ledger Probes User Fund Losses Tied to Reseller CryptoBilis
Why Provenance Blockchain (HASH) Is Up 39.6% Today?
Halborn Clears XMAQUINA RCM Audit With Zero Critical Bugs
Fidelity Scoops $354M Bitcoin, ETH & SOL in 20 Days
Ledger Probes User Fund Losses Tied to Reseller CryptoBilis
Why Provenance Blockchain (HASH) Is Up 39.6% Today?
Halborn Clears XMAQUINA RCM Audit With Zero Critical Bugs
Fidelity Scoops $354M Bitcoin, ETH & SOL in 20 Days
