MoonPay Wants $150 Million for Helio Pay

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MoonPay, a cryptocurrency payment provider, is purportedly in negotiations to acquire Helio Pay for $150 million, which would be its most significant acquisition to date.

MoonPay’s largest acquisition would be the transaction, which is estimated to be worth nearly $150 million, according to FOX Business correspondent Eleanor Terrett.

Helio Pay is an acquisition target that will allow a merchant or content provider to receive cryptocurrency payments through the Helio Pay platform. One of its more prominent services is the integration of Solana Pay into Shopify, which enables the automatic conversion of currency for all stablecoin transactions. Increasing the payment flexibility of merchants, the supported stablecoins are USDC, PYUSD, and EURC.

MoonPay, known as the “PayPal for crypto,” has achieved significant success by simplifying the process of purchasing and selling digital assets. The platform enables users to purchase and sell a variety of cryptocurrencies using debit and credit cards, as well as mobile payment services like Apple Pay and Google Pay. MoonPay has been at the vanguard of facilitating access to digital assets, having acquired more than 20 million consumers worldwide.

MoonPay, a crypto payment provider, will broaden its merchant services by integrating Helio’s cutting-edge payment solutions under this agreement. MoonPay recently launched the MoonPay Balance, a fiat-to-crypto product that is intended to facilitate frictionless interaction with DeFi protocols through non-custodial wallets like Phantom and MetaMask.

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