By integrating Helio’s capabilities, MoonPay is expected to boost its trading and marketplace volume within its product ecosystem. Credit: T. Schneider/ Shutterstock.

Crypto payments company MoonPay has acquired Helio, the crypto payment processor on the Solana blockchain. 

The transaction was valued at $175m and MoonPay’s largest so-far, according to Fox Business.   

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With this acquisition, Helio’s technology, team, and ecosystem will join MoonPay’s network.  

By integrating Helio’s capabilities, MoonPay is expected to boost its trading and marketplace volume within its product ecosystem. 

Set up in 2022, Helio specialises in simplifying cryptocurrency transactions for merchants and creators.  

The platform offers an array of tools that enable the acceptance of various cryptocurrencies, including SOL, ETH, and BTC.  

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With a user base comprising over 6,000 merchants and millions of individuals, Helio’s crypto checkout app has processed transactions exceeding $1.5 billion. 

The technology provided by Helio includes a developer API that facilitates the creation of custom on-chain checkout flows.  

It has been integrated into digital platforms such as Discord, WooCommerce, and Shopify, with the Solana Pay plugin being an addition. 

MoonPay co-founder and CEO Ivan Soto-Wright “This acquisition is an important step in advancing our vision for the future of payments.  

“Helio’s technology and expertise strengthen our ability to deliver efficient, secure, and scalable solutions for crypto commerce, trading infrastructure, and marketplaces. With MoonPay and Helio combined, we now offer the most comprehensive product for on-chain payments.” 

Earlier this month, MoonPay received approval under the Markets in Crypto-Assets (MiCA) regulation. 

MoonPay’s infrastructure supports the exchange between fiat currencies and cryptocurrencies by offering various payment methods such as debit and credit cards, local bank transfers, and digital wallets including Apple Pay and Google Pay.