The post MoonPay Acquires Helio for $175 Million to Expand Crypto Payment Infrastructure appeared first on Coinpedia Fintech News
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.
Last year, MoonPay signed partnerships with traditional payments giants PayPal and Venmo, allowing users to buy cryptocurrency through those platforms.