Key Takeaways
- MoonPay plans to accumulate Helio Pay for $150 million to boost its cost providers.
- Helio Pay permits crypto funds for retailers, with options like Solana Pay built-in into Shopify.
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MoonPay is in discussions to accumulate crypto cost platform Helio Pay for about $150 million, based on Fox Enterprise journalist Eleanor Terrett in a post on X.
If finalized, the deal would mark MoonPay’s largest acquisition since its founding in 2018.
MoonPay, which permits customers to purchase and promote digital property utilizing debit playing cards, bank cards, and cellular cost providers like Apple Pay and Google Pay, has constructed a consumer base of over 20 million accounts globally.
Its give attention to simplifying crypto transactions has made it a number one platform for onboarding customers into digital property.
Helio Pay operates a self-service platform that permits content material creators and eCommerce retailers to simply accept crypto funds.
Notably, Helio’s know-how has built-in Solana Pay into Shopify, enabling retailers to course of funds in stablecoins similar to USDC, PYUSD, and EURC with computerized conversion options.
The acquisition would increase MoonPay’s service provider providers capabilities and add Helio’s know-how to its current cost infrastructure.
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