Crypto payment provider MoonPay is in talks to acquire the platform Helio for about $150 million. If the deal goes through, it will be the largest acquisition in the company’s history. Fox Business journalist Eleanor Terrett reported about MoonPay’s plans in her post on the platform X.
Helio is somewhat similar to Coinbase Commerce and allows over 6,000 content creators and e-commerce businesses to receive payments in cryptocurrency. The digital assets supported by the platform include Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and hundreds of others.
One of the key integrations of Helio is its collaboration with Solana Pay on the Shopify platform, which has over 138 million users monthly. Helio also offers “white-label” solutions, including infrastructure for trading, integrated with Solana Pay and DEX Screener.
This deal would allow MoonPay, which positions itself as the PayPal for cryptocurrencies, to expand its list of services for merchants and will broaden its user base, which already includes about 20 million customers in over 160 countries.
MoonPay has also launched a fiat gateway through PayPal for users in the European Union and the United Kingdom.