MoonPay acquires Helio for $175 million to expand its crypto payment infrastructure, enhancing DeFi services globally with innovative solutions.
MoonPay, a prominent crypto payment platform, has acquired blockchain payment processor Helio for $175 million, marking its largest acquisition to date. The deal, according to Fox Business, will develop MoonPay’s payment infrastructure by incorporating Helio’s tech, which enables crypto transactions within e-commerce platforms like Shopify and Discord.
The idea behind Helio’s technology is to swap out traditional merchant payment systems with more fast, cheaper, and decentralized solutions. Helio CEO and Co Founder Stijn Paumen said they were excited to partner with MoonPay to help accelerate their mission. He feels this partnership will enable the full potential of crypto by providing better payment solutions.
Major payment platform partnerships have been made by MoonPay. It then partnered with PayPal and Venmo last year, so users could use crypto on these platforms to buy it. With Helio and these partnerships, decentralized finance (DeFi) seems to have an increasingly big footprint. According to DeFi advocates, it can disrupt the traditional financial landscape by offering a more efficient, blockchain based means of handling payments.
MoonPay Sets Its Sights on Global Growth with Helio Acquisition and EU License
According to Ivan Soto Wright, CEO and co-founder of MoonPay, acquiring Helio is an important step towards their payment vision. The move also fortifies their capacity to provide secure, scalable, and efficient solutions for crypto commerce, trading infrastructure, he added.
Crypto is taking off at the moment, especially in light of the expected change in the U.S. leadership.]. The Trump administration could lead to quicker growth in the crypto space as the incumbent promises to slash regulations and place the U.S. at the forefront of the global crypto market, Fox Business will tell you. This has the potential to increase mergers and acquisitions in the digital asset space, where historic regulatory uncertainty has been a major issue.
MoonPay received its license to operate in the Netherlands in December 2024, permitting it to offer services subject to European Union’s Markets in Crypto Assets (MiCA) regulations. With this approval, MoonPay has further set up its global footprint in Europe.
Overall, the acquisition of Helio by MoonPay proves that the company is interested in reinforcing its position in the crypto payments market. Using this strategic direction, MoonPay will keep growing and provide enriched services to its global client.
