MoonPay, a global crypto payment platform, has made a move that solidifies its place at the forefront of the crypto payment revolution. In a strategic move, the platform has finally acquired Helio, Solana’s premier payment app, in a deal valued at $175 million. The acquisition was announced earlier today.
This move underscores MoonPay’s growing ambition to be central in bridging the gap between traditional and digital payments. This further solidifies its presence in the rapidly growing crypto space.
Helio To Make Crypto Payments Easier for the Future
Helio, a crypto e-commerce platform, has gained traction since its launch in 2022. It has quickly emerged as a leader in simplifying crypto payments with its tools. With its innovative tools, it has made accepting digital currencies like Solana (SOL), Ethereum (ETH), and Bitcoin (BTC) easier for merchants and developers.
The company has quickly become a top crypto checkout app, with over 6,000 merchants and millions of users, according to MoonPay. The Helio platform has processed over $1.5 billion in transactions, demonstrating its growing influence in the crypto payment ecosystem.
Its capabilities extend beyond mere transactions. Helio offers integrated solutions that connect with leading digital platforms such as Discord, WooCommerce, and Shopify. The Solana Pay plugin has further solidified its role in streamlining crypto payments for businesses and creators alike.
MoonPay Strengthens Mission to Bridge Fiat and Crypto
MoonPay aims to bridge the gap between fiat and crypto by making it easier for people to buy digital assets. Its collaboration with Mastercard in 2023 has allowed users to purchase crypto using traditional payment methods like debit and credit cards.
This acquisition is a natural next step for MoonPay as it strengthens its position in the payment services market. MoonPay has grown by forming key partnerships with major firms like PayPal, BitPay, and Onramper in recent years.
These integrations have helped expand its reach in the crypto space. Most recently, the crypto payment giant has integrated Ripple’s newly launched RLUSD stablecoin on its platform, further broadening its offerings.
In a statement, Ivan Soto-Wright, co-founder and CEO of MoonPay, emphasized the importance of the acquisition. He stated that with the addition of Helio, MoonPay now offers the most complete product for on-chain payments.
The Crypto Payment Revolution: MoonPay Joins a Growing Trend
MoonPay’s acquisition of Helio highlights a wider movement where financial companies integrate crypto payments to meet rising demand. Industry players like PayPal, Square, and Stripe have ventured into crypto services, allowing users to buy, sell, and spend digital currencies on their platforms.
Through strategic partnerships, traditional payment giants like Visa have also jumped on board to expand services by integrating crypto transactions. Even Shopify is enabling merchants to accept crypto payments. This shift signals that digital currencies are becoming a core part of the future of finance.
