MoonPay Acquires Solana-Powered Payment Processor Helio for $175 Million
MoonPay Acquires Helio for $175 Million
- MoonPay has acquired Helio, a Solana-based crypto payment processor, for $175 million.
- The acquisition aims to enhance MoonPay's trading and marketplace volume through Helio's technology.
- Ivan Soto-Wright, CEO of MoonPay, stated the deal advances their vision for future payments.
- Helio supports payments in multiple digital currencies including USDC, SOL, BTC, and ETH.
- Helio has processed over $1.5 billion in transactions and serves over 6,000 merchants and one million users.
- MoonPay has a user base exceeding 20 million.
- This acquisition follows MoonPay's recent partnership with PayPal, allowing users to buy and sell over 100 cryptocurrencies.
- In October, PayPal enabled Venmo as a funding option for MoonPay accounts.