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MoonPay is reportedly looking to acquire Helio Pay for around $150 million, adding to the crypto firm’s merchant service offerings.
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Crypto payments firm MoonPay is reportedly considering acquiring crypto e-commerce platform Helio Pay for around $150 million.
MoonPay “is in talks” with Helio Pay for the estimated $150 million deal in what would be the company’s largest acquisition to date, FOX reporter Eleanor Terrett said in a Dec. 23 X post.
MoonPay markets itself as the “PayPal for crypto,” offering up a suite of crypto payments infrastructure.
Source: Eleanor Terrett
Helio’s self-service platform is similar to Coinbase Commerce and allows for more than 6,000 e-commerce merchants and content creators to be paid in Bitcoin (BTC), Ether (ETH), stablecoins like USD Coin (USDC) and hundreds of other cryptocurrencies.
One of its most significant integrations is Solana Pay on e-commerce platform Shopify, which sees over 138 million monthly users.
An acquisition would expand MoonPay’s merchant service offerings and build on its existing user base, which already sits at around 20 million users from over 160 countries.
MoonPay and Helio did not immediately respond to a request for comment.
MoonPay allows users to buy and sell digital assets with debit cards and credit cards while also supporting mobile payment services like Apple Pay and Google Pay.
The firm recently introduced a fiat-to-crypto on-ramp infrastructure solution MoonPay Balance was also developed to allow users to store and spend fiat balances and more easily interact with decentralized finance protocols from non-custodial wallet solutions like MetaMask and Phantom.
Related: Louisiana takes first crypto payment over Bitcoin Lightning
The solution launched on Nov. 13 in 27 countries — most of which are situated in Europe — however, notable omissions included the United States and Germany.
Meanwhile, MoonPay integrated fiat PayPal on-ramps for customers in the European Union and the United Kingdom in July, following a similar integration in the US two months earlier.
MoonPay was founded in 2018 by Victor Faramond and Ivan Soto-Wright, who serves as the company’s CEO.
Magazine: Big Questions: How can Bitcoin payments stage a comeback?
This article first appeared at Cointelegraph.com News
