🌎 MoonPay Acquires Helio for $175 Million

MoonPay Acquires Solana-Based Payment Processor Helio for $175 Million

Crypto payments giant MoonPay has acquired Solana-based payment processor Helio, a leading payment processor in the Solana ecosystem. With this acquisition, MoonPay is set to integrate Helio’s technology, further solidifying its position as a bridge between traditional finance and decentralized finance (DeFi).

Helio has powered over $1.5 billion in transactions since its inception three years ago. The acquisition, reportedly worth $175 million, marks a significant milestone for MoonPay as it continues to expand its presence in the cryptocurrency market.

MoonPay operates as a global crypto payments platform that enables users to buy, sell, and manage digital assets. The platform has gained significant traction during the ongoing bull market, largely due to its user-friendly interface and seamless onboarding process.

MoonPay’s Recent Partnerships

Last year, MoonPay formed strategic partnerships with traditional payment services, including PayPal and Venmo. These collaborations have enabled users to purchase cryptocurrencies through traditional payment methods, making it easier for new users to enter the market.

In addition to these partnerships, MoonPay also supports crypto payments on e-commerce sites like Shopify and social platforms like Discord. These integrations have simplified the onboarding process, allowing users to seamlessly interact with DeFi applications and NFTs.

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