Ripple partner MoonPay, a leading crypto payment services provider, is reportedly in discussions to acquire Helio, a self-service crypto payments platform, for an estimated $150 million. If finalized, this would mark MoonPay’s largest acquisition to date.
Will Ripple’s Ally MoonPay Acquire Helio?
Helio is known for offering solutions that enable content creators and eCommerce merchants to accept cryptocurrency payments seamlessly. As a Coinbase Commerce alternative, the platform provides white-labeled services, including Solana Pay, which has already been integrated into Shopify. Helio also powers the trading infrastructure for DEX Screener, further solidifying its role in the decentralized finance (DeFi) ecosystem.
The potential acquisition aligns with MoonPay’s ongoing efforts to expand its service offerings in the crypto payments space. MoonPay, which also serves as a crypto exchange partner for Ripple’s RLUSD, has been a prominent player in simplifying crypto transactions for both retail and institutional users. It offers services such as fiat-to-crypto onramps and NFT payment solutions.
🚨SCOOP: @FoxBusiness has learned that #crypto payment services provider @moonpay is in talks to acquire @helio_pay for an estimated $150 million. This would be MoonPay’s largest acquisition to date.
Helio is a Coinbase Commerce alternative providing a self-service crypto…
— Eleanor Terrett (@EleanorTerrett) December 23, 2024
This deal could significantly bolster MoonPay’s capabilities, particularly in targeting content creators and eCommerce platforms. With Helio’s existing partnerships and integrations, MoonPay would likely gain a competitive edge in the growing cryptocurrency payments sector.
Neither MoonPay nor Helio has officially confirmed the reports, and further details about the acquisition remain undisclosed. However, the strategic implications of such a deal could be substantial, signaling continued confidence in the adoption of cryptocurrency in mainstream commerce.
The story is still developing, and updates are expected as more information becomes available.
Also Read:Â Binance Aims to Lead Airdrop Space with Binance Wallet
Credit: Source link
