Crypto Payment Provider MoonPay Eyes $150 Million Acquisition of Helio Pay

Key Points:

• Crypto payment provider MoonPay is reportedly in talks to acquire Helio Pay for $150 million, marking its biggest acquisition.
• Helio Pay will expand MoonPay’s crypto payment capabilities for content creators and e-commerce merchants.

Crypto payment provider MoonPay is reportedly in advanced talks about buying Helio Pay, a self-service crypto payment platform that caters to content creators and e-commerce merchants.

Read more: Venmo US Users Now Support Crypto Purchases Through MoonPay 

Crypto Payment Provider MoonPay Plans $150 Million Acquisition of Helio Pay

The deal, which is valued at close to $150 million, according to FOX Business reporter Eleanor Terrett, would be the largest acquisition for MoonPay.

Helio Pay is an acquisition target that will enable a merchant or content provider to receive cryptocurrency payments via the Helio Pay platform. Among its more hyped services, it integrated Solana Pay into Shopify, with all stablecoin transactions allowing automatically converted currency. Supported stable coins are USDC, PYUSD, and EURC – increasing merchants’ payment flexibility.

MoonPay Strengthens Its Position as Leading Crypto Payment Platform

MoonPay, sometimes referred to as the “PayPal for crypto,” has struck it big by making buying and selling digital assets less painful. On the platform, users are able to buy and sell various cryptocurrencies using debit and credit cards, along with mobile payment services such as Apple Pay and Google Pay. With over 20 million users acquired worldwide, MoonPay has been at the forefront of ease in access to digital assets.

Under this deal, crypto payment provider MoonPay will expand its merchant services by incorporating Helio’s leading-edge payment solutions. Not long ago, MoonPay introduced the MoonPay Balance, a fiat-to-crypto product designed for frictionless interaction with DeFi protocols via non-custodial wallets such as MetaMask and Phantom.