Crypto Funds Agency MoonPay Acquires Helio for $175M

MoonPay, a cryptocurrency funds agency, has acquired blockchain fee processor and Solana-based platform, Helio for $175 million.

Helio is a crypto checkout app, serving over 6,000 retailers and hundreds of thousands of customers. Its platform facilitates funds in USDC, SOL, BTC, ETH, and different digital belongings for varied functions, together with e-commerce, subscriptions, and digital items.

Over three years, Helio claims it has processed greater than $1.5 billion in transactions, powering funds for high-profile tasks like Magic Eden NFT pre-sales and Solana Cell phone gross sales.

The platform additionally integrates with broadly used providers like Shopify, WooCommerce, and Discord, providing retailers seamless on-chain checkout choices.

Helio Tech To Be Built-in Into MoonPay System

In a launch shared with CryptoNews MoonPay stated it plans to combine Helio’s expertise into its system, enhancing its product portfolio for marketplaces, buying and selling platforms, and decentralized functions.

Ivan Soto-Wright, CEO and co-founder of MoonPay, stated the acquisition is a crucial step, including: “Helio’s expertise and experience strengthen our means to ship environment friendly, safe, and scalable options for crypto commerce and marketplaces. With this partnership, we now supply probably the most complete product for on-chain funds.”

“Becoming a member of MoonPay accelerates our mission to exchange gradual, pricey service provider funds with quick, reasonably priced, and decentralized options, empowering hundreds of retailers to succeed in hundreds of thousands of consumers,” stated Helio co-founder and CEO Stijn Paumen.

Earlier this 12 months, MoonPay partnered with PayPal, enabling customers to purchase and promote over 110 cryptocurrencies utilizing PayPal accounts. MoonPay additionally built-in with Venmo, the U.S. peer-to-peer fee app, changing into the primary crypto firm to supply Venmo funding for crypto transactions.

Just lately, MoonPay secured approval below the European Union’s Markets in Crypto-Belongings (MiCA) regulation, increasing its attain throughout the European Financial Space.

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