Crypto payments giant MoonPay has acquired Solana-based payment processor Helio.
In the past three years, the primary payment processor for Solana (SOL), called Helio, has facilitated more than $1.5 billion worth of transactions, showcasing its significant impact.
As reported by Fox Business, the purchase of MoonPay was estimated at around $175 million. This transaction enables MoonPay to incorporate Helio’s technology, thereby enhancing its role as a link between conventional banking systems and decentralized financial networks.
breaking news: we’ve acquired @helio_pay
— MoonPay 🟣 (@moonpay) January 13, 2025
MoonPay functions as a universal platform for cryptocurrency transactions, allowing users to purchase, trade, and handle digital currencies. This platform has seen considerable growth in popularity amidst the current surge in the crypto market.
MoonPay’s recent partnerships
Previously, MoonPay established alliances with PayPal and Venmo, enabling customers to buy digital currencies using conventional payment methods. Moreover, the system facilitates cryptocurrency transactions on online marketplaces such as Shopify and interactive platforms including Discord.
By working together, we’ve streamlined the process for newcomers to get started, making it effortless for them to buy cryptocurrencies, engage with Decentralized Finance apps, and interact with Non-Fungible Tokens (NFTs).
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2025-01-13 17:54