As a researcher with a keen interest in the rapidly evolving crypto space, I find this potential acquisition of Helio Pay by MoonPay quite intriguing. If this deal materializes, it could mark a significant milestone for both companies, particularly for MoonPay, as it would be their largest acquisition to date.
Reports indicate that the cryptocurrency payment service MoonPay may be planning to buy the crypto e-commerce platform, Helio Pay, for approximately $150 million.
According to a recent post by FOX reporter Eleanor Terrett on December 23rd, MoonPay is reportedly negotiating a potential $150 million deal with Helio Pay, which could mark the largest acquisition for MoonPay so far.
MoonPay positions itself as the “Crypto-friendly equivalent of PayPal,” providing a range of tools and services for processing cryptocurrency transactions.
Helio’s self-service platform operates much like Coinbase Commerce, catering to over 6,000 online merchants and content providers. This platform facilitates receiving payments in various digital currencies such as Bitcoin (BTC), Ether (ETH), stablecoins such as USD Coin (USDC), and hundreds of other cryptocurrencies.
One notable integration is the inclusion of Solana Pay within the popular e-commerce platform Shopify, used by a massive 138 million users every month.
Acquiring another company will broaden MoonPay’s selection of merchant services and strengthen its current user base, consisting of approximately 20 million users across more than 160 nations.
MoonPay and Helio did not immediately respond to a request for comment.
MoonPay facilitates the purchase and sale of digital assets using options such as debit cards, credit cards, or mobile wallets like Apple Pay and Google Pay.
As a crypto investor, I’m thrilled about the latest development – the introduction of MoonPay Balance, an infrastructure solution that streamlines the conversion of fiat to cryptocurrencies. This innovative tool not only enables us to securely store and spend our fiat balances but also empowers seamless engagement with decentralized finance protocols. Using wallet solutions like MetaMask and Phantom becomes even more convenient as we can now interact with them in a non-custodial manner, enhancing our overall crypto experience.
In July, MoonPay added PayPal options for fiat on-ramps for clients based in the EU and UK, mirroring a move they made in the U.S. two months prior.
MoonPay, a company established in 2018, is helmed by its co-founders Victor Faramond and Ivan Soto-Wright, with the latter holding the position of CEO.
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2024-12-24 03:03