MoonPay Acquires Solana Payment Processor Helio to Strengthen Crypto Payment Services

Crypto payments giant MoonPay has acquired Helio, Solana’s leading payment processor, for approximately $175 million. Helio, which has powered over $1.5 billion in transactions over just three years, is known for facilitating efficient crypto payments within the Solana ecosystem.

The acquisition will enable MoonPay to integrate Helio’s technology into its own platform, further cementing its role as a bridge between traditional finance and decentralized finance (DeFi). MoonPay operates as a global crypto payments platform that allows users to buy, sell, and manage digital assets. The platform has seen significant growth, particularly during the ongoing bull market.

Expanding Reach with Key Partnerships

MoonPay’s acquisition of Helio is just the latest move in the company’s strategy to expand its reach and simplify crypto adoption. Last year, MoonPay formed key partnerships with major platforms like PayPal and Venmo, allowing users to purchase cryptocurrencies using traditional payment services. The platform also supports crypto payments for e-commerce sites like Shopify and social platforms like Discord.

These partnerships have made it easier for new users to enter the crypto space, enabling seamless purchases and interactions with decentralized finance (DeFi) applications and non-fungible tokens (NFTs). The acquisition of Helio further strengthens MoonPay’s position as a leader in the crypto payments industry, offering more comprehensive and efficient services for both users and merchants.

Related Articles