news 
Ripple Partner MoonPay to Acquire Major Crypto Firm for $150M
MoonPay, a leading crypto payment services provider and partner of Ripple, is reportedly in talks to acquire Helio, a self-service crypto payments platform, for an estimated $150 million. If the deal goes through, it would be MoonPay’s largest acquisition to date.
Helio has established itself as a Coinbase Commerce alternative by offering solutions that enable content creators and eCommerce merchants to accept cryptocurrency payments seamlessly. As a white-label provider, Helio offers tailored services, including Solana Pay, which has already been integrated into Shopify. Additionally, Helio powers the trading infrastructure for DEX Screener, solidifying its position 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 has been a prominent player in simplifying crypto transactions for both retail and institutional users. It provides services such as fiat-to-crypto onramps and NFT payment solutions.
If this deal is finalized, it would 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.
Source: www.cryptonewsz.com
