MoonPay is in talks to acquire the platform Helio Pay for $150 million, marking the company's largest deal to date.
Acquisition Talks
MoonPay, often referred to as the 'PayPal for crypto', is discussing acquiring Helio Pay for $150 million. This was reported by FOX journalist Eleanor Terrett in a post on the X platform on December 23.
Features of Helio Pay
Helio Pay offers a self-service platform that allows more than 6,000 e-commerce merchants and content creators to accept payments in Bitcoin (BTC), Ether (ETH), stablecoins like USD Coin (USDC), and hundreds of other cryptocurrencies. One significant integration is Solana Pay on the Shopify e-commerce platform, which attracts over 138 million users monthly.
Expansion of MoonPay Capabilities
Acquiring Helio Pay would enable MoonPay to expand its merchant service offerings and strengthen its user base of approximately 20 million users from over 160 countries. MoonPay allows users to buy and sell digital assets with debit and credit cards, supporting mobile payments via Apple Pay and Google Pay. The company recently introduced the MoonPay Balance solution for interacting with DeFi protocols through non-custodial wallets like MetaMask and Phantom.
The anticipated deal with Helio Pay is seen as a significant step for MoonPay in strengthening its position in the cryptocurrency payments space and broadening its service offerings.
