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MoonPay has acquired Helio, a Solana-based payment platform, for $175 million to enhance its on-chain payment capabilities. Helio, which processes over $1.5 billion for more than 6,000 merchants, supports various digital assets and integrates with platforms like Shopify and Discord. This acquisition follows MoonPay's recent collaborations with PayPal and regulatory approval under the EU's Markets in Crypto-Assets (MiCA) regulation, allowing it to operate across the European Economic Area.
MoonPay has acquired Helio, a Solana-based crypto payment processor, enhancing its capabilities in decentralized finance and trading infrastructure. Helio supports over 6,000 merchants and has processed over $1.5 billion in transactions, enabling seamless digital asset payments. This acquisition aligns with MoonPay's vision for efficient and scalable crypto commerce solutions, further solidified by its partnerships with PayPal and compliance with the EU's Markets in Crypto-Assets regulation.
MoonPay has acquired Helio, a blockchain-based payment processor, for $175 million to enhance its crypto payment services. Helio, which supports over 6,000 merchants and has processed over $1.5 billion in transactions, will enable MoonPay to offer faster and more affordable payment solutions for digital assets.This acquisition comes shortly before the inauguration of US President-elect Donald Trump and follows MoonPay's recent approval to operate as a licensed crypto business in the Netherlands under the EU's MiCA regulatory framework.
MoonPay, BitStaete, ZBD, and HiddenRoad have secured MiCA licenses from the Netherlands, enabling them to operate across all 27 EU countries. This regulatory framework enhances transparency and security in the cryptocurrency market, marking a significant milestone for these firms.As MiCA is set to be fully implemented by December 30, 2024, it will establish strict criteria for crypto-asset service providers, promoting a regulated yet innovative environment for digital assets in Europe. MoonPay is also reportedly in talks to acquire Helio for over $150 million, further expanding its capabilities in facilitating crypto transactions.
Crypto payments firm MoonPay has received approval under the Markets in Crypto-Assets (MiCA) regulation, effective December 30, 2024, marking a significant step in establishing a unified regulatory framework for digital assets in the European Economic Area. Co-founder and CEO Ivan Soto-Wright emphasized the approval reflects the company's commitment to security and regulatory compliance as it aims to expand in Europe. Additionally, MoonPay recently obtained a money transmitter license in Texas and is reportedly in talks to acquire Helio Pay for nearly $150 million, its largest acquisition to date.
Crypto payments firm MoonPay is reportedly in discussions to acquire Helio Pay for approximately $150 million, marking its largest acquisition to date. Helio Pay offers a self-service platform for over 6,000 e-commerce merchants to accept various cryptocurrencies, including Bitcoin and Ether.This acquisition would enhance MoonPay's merchant services and expand its user base, which currently includes around 20 million users across more than 160 countries. MoonPay, founded in 2018, provides a suite of crypto payment solutions, including support for debit and credit card transactions, as well as mobile payment services.
Ivan Soto-Wright
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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