MoonPay plans $150M Helio Pay acquisition to expand crypto merchant services globally.
Helio Pay enables 6,000+ merchants to accept Bitcoin, Ether, and Solana Pay on Shopify.
MoonPay aims to strengthen crypto payments by adding Helio’s vast e-commerce integrations.
Crypto payments company MoonPay is reportedly in discussions to acquire Helio Pay, a crypto e-commerce platform. The deal, valued at approximately $150 million, would mark its largest acquisition to date.
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Helio Pay supports over 6,000 merchants and content creators by enabling crypto payments. Its platform allows users to transact in Bitcoin, Ether, USD Coin, and hundreds of other cryptocurrencies. Additionally, Helio’s integration with Shopify via Solana Pay connects it to over 138 million monthly users.
Potential Impact on MoonPay
Acquiring Helio Pay would enhance MoonPay’s merchant services and expand its current offerings. MoonPay currently serves over 20 million users across 160 countries. The company enables purchases of digital assets using debit cards, credit cards, and mobile payment services like Apple Pay and Google Pay.
MoonPay has been growing its infrastructure to support broader crypto adoption. In November, it launched MoonPay Balance, a fiat-to-crypto on-ramp solution. This service allows users to store and spend fiat balances while interacting with decentralized finance platforms. The feature is available in 27 countries, mainly in Europe, excluding the United States and Germany.
Expanding Partnerships and Integrations
Earlier this year, MoonPay added fiat PayPal on-ramp support for customers in the European Union and the United Kingdom. This followed a similar integration in the United States. These developments reflect its strategic moves to simplify crypto transactions for a global audience.
If finalized, the acquisition of Helio Pay would position MoonPay as a stronger player in the crypto payments space. The deal would provide an opportunity to increase its market share and appeal to a wider range of merchants and consumers.
MoonPay and Helio Pay have not issued official statements regarding the potential deal. However, this development underscores its commitment to advancing crypto payment solutions.
The post MoonPay Eyes $150 Million Acquisition of Helio Pay to Expand Crypto Payment Offerings appeared first on Crypto News Land.
