MoonPay is reportedly in discussions to purchase Helio Pay for $150 million, potentially boosting its crypto services and user base. Despite this, MoonPay's investment performance has been lackluster in recent years. The acquisition, if successful, would be MoonPay's largest since its inception in 2018. Helio, a payment platform for the Web3 economy, raised $3.3 million during its seed funding round in April 2023, with support from various venture capital firms. With over 6,000 merchants, 1 million users, and $1.5 billion in annual sales, Helio offers a self-service crypto payments platform for content creators and eCommerce merchants. MoonPay has seen growth in the bullish market, setting Solana transaction records and partnering with Ripple and PayPal. The potential acquisition of Helio aligns with the increasing crypto adoption trend and stablecoin payment forecasts. However, MoonPay's investment activities in 2024 have been subdued, particularly in NFTs and the Metaverse. Read more AI-generated news on: https://app.chaingpt.org/news