YEREVAN (CoinChapter.com) — MoonPay, a cryptocurrency payments company, has acquired Helio, a Solana-based payment platform, for $175 million. The acquisition aims to expand MoonPay’s capabilities in crypto payments and enhance its system with on-chain payment solutions.
Helio Joins MoonPay. Source: Helio on XHelio Processes $1.5B for 6,000+ Merchants
Helio operates as a blockchain-based platform, providing payment solutions for over 6,000 merchants and millions of users. It supports payments in USDC, SOL, BTC, ETH, and other digital assets. The platform is widely used in e-commerce, digital goods, and subscriptions.
In the last three years, Helio processed over $1.5 billion in transactions. It has facilitated payments for projects like Magic Eden NFT pre-sales and Solana Mobile phone sales, demonstrating its reliability in handling large-scale crypto payments.
Helio also integrates with platforms such as Shopify, WooCommerce, and Discord, enabling businesses to adopt on-chain payment systems with ease.
Integration with MoonPay’s System
MoonPay announced plans to integrate Helio’s blockchain technology into its platform. This move aims to enhance its offerings for trading platforms, marketplaces, and decentralized applications. The integration is expected to provide a seamless crypto payment experience for users.
Ivan Soto-Wright, CEO of MoonPay, stated that Helio’s expertise would improve their ability to deliver efficient and secure on-chain payments. He added that the partnership expands their product portfolio for businesses and users.
MoonPay Acquires Helio. Source: MoonPay on XRecent Initiatives
Additionally, MoonPay received approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This approval allows MoonPay to operate across the European Economic Area, ensuring compliance with crypto-related regulations.
MoonPay MiCA Approval. Source: MoonPay on X
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