MoonPay, a leading fiat-to-crypto on-ramp provider, has acquired Helio, a blockchain-based payment processor built on Solana, for $175 million. This strategic acquisition aims to enhance MoonPay’s payment infrastructure by integrating Helio’s technology, which enables businesses to accept payments in digital assets such as Bitcoin (BTC), Ether (ETH), Solana’s SOL, and USD Coin (USDC).
Helio has established itself as a prominent player in the crypto payment sector, supporting over 6,000 merchants and processing transactions exceeding $1.5 billion. Its platform is widely used for e-commerce, digital goods, and subscription services, and is integrated with popular platforms like Discord, Shopify, and WooCommerce.
The acquisition is expected to expand MoonPay’s trading and marketplace volume, providing a more comprehensive payment solution for merchants, developers, and consumers. Stijn Paumen, co-founder and CEO of Helio, expressed enthusiasm about the merger, stating that it will replace “slow, costly merchant payments with fast, affordable, and decentralized solutions.”
This move follows MoonPay’s recent partnerships with PayPal and Venmo, allowing users to buy cryptocurrency through those platforms. The integration of Helio’s technology is anticipated to further solidify MoonPay’s position in the crypto payment industry, offering enhanced services to a broader range of users.
