MoonPay Eyes $150 Million Acquisition of Helio to Strengthen Crypto Payment Solutions

According to reports, MoonPay, a well-known supplier of Web3 infrastructure, is discussing a $150 million purchase of the cryptocurrency payments platform Helio. Eleanor Terrett, a reporter for Fox Business, claims that this possible transaction would be MoonPay’s biggest acquisition to date.

The goal of Helio is to make cryptocurrency payments simple for apps and retailers everywhere. Major blockchain networks such as Solana (SOL), Ethereum (ETH), Bitcoin (BTC), and Base are supported by the platform. With a smooth checkout process for millions of active wallets, Helio’s services serve more than 6,000 retailers and apps.

The company offers a self-service merchant account setup that takes just minutes to complete, allowing merchants to receive payments instantly in USDC, SOL, ETH, BTC, and numerous other digital assets. With the launch of the Solana Pay plugin for Shopify earlier this year, Helio expanded its reach, enabling crypto payments for e-commerce transactions. This innovation allows buyers to pay using Solana (SOL) and other assets, with automatic conversions into stablecoins.

MoonPay’s Push to Lead the Web3 Space

MoonPay, known for providing comprehensive Web3 infrastructure, has established itself as a key player in the crypto and blockchain industries. The company offers end-to-end solutions for payments, smart contract development, and digital asset management. Many high-profile brands across various sectors rely on MoonPay to power their Web3 strategies and initiatives.

With more than 20 million verified accounts across 180 countries, MoonPay is well-positioned to expand its services further, especially with the potential acquisition of Helio. The move would enhance MoonPay’s ability to offer efficient payment solutions for merchants and users in the growing crypto space.