MoonPay Acquires Helio for $175 Million to Expand Crypto Payment Infrastructure

Quick Summary:

Last year, MoonPay signed partnerships with traditional payments giants PayPal and Venmo, allowing users to buy cryptocurrency through those platforms.

According to a latest report from FOX Business, Crypto payments platform MoonPay has acquired blockchain payment processor Helio for $175 million, possibly starting a series of mergers in the digital asset sector under the crypto-friendly Trump administration.

The acquisition is MoonPay’s biggest so far and will enhance its payment system by integrating Helio’s technology, which enables crypto transactions on certain e-commerce platforms like Shopify and Discord.“Joining forces with MoonPay, we’re excited to accelerate our mission and unlock crypto’s potential by replacing slow, costly merchant payments with fast, affordable, and decentralized solutions,” noted Stijn Paumen, CEO and co-founder of Helio.

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Article Details

Author / Journalist: Nidhi Kolhapur

Category: Crypto

Markets: United States

Topics: News Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-13 @ 14:13:25 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 122 words

Reading Time: 1 minutes read

Sentences: 15 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 25106970

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