Crypto payments firm MoonPay mulls $150M Helio acquisition
MoonPay is reportedly considering the acquisition of Helio Pay for approximately $150 million, which would mark its largest acquisition to date. The talks were detailed in a recent post by FOX reporter Eleanor Terrett. MoonPay, often referred to as the 'PayPal for crypto,' provides a comprehensive suite of crypto payment solutions. Helio Pay's platform services over 6,000 e-commerce merchants by allowing payments in a variety of cryptocurrencies, including Bitcoin and stablecoins. A successful acquisition would enhance MoonPay's merchant offerings and expand its existing user base of around 20 million across more than 160 countries. Additionally, MoonPay has introduced fiat-to-crypto on-ramp infrastructure to facilitate user interactions with decentralized finance platforms. The company, founded in 2018 by Victor Faramond and Ivan Soto-Wright, continues to innovate in the crypto space, further integrating traditional payment systems like Apple Pay and Google Pay.
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