Crypto payments firm MoonPay is reportedly in discussions to acquire Helio Pay for nearly $150m.
If finalised, this acquisition would mark MoonPay’s largest to date, according to Fox Business journalist Eleanor Terrett’s X post.
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Helio Pay is a self-service platform that allows content creators and eCommerce merchants to receive payments in cryptocurrency.
The company has integrated its white-labeled solutions into Solana Pay for Shopify and the trading infrastructure for DEX Screener.
Headquartered in the UK, it has presence in ten nations across three continents.
Helio Pay has recently expanded its blockchain support on Base, including players such as Solana, Bitcoin, Ethereum, and Polygon.
Last month, Helio Pay entered a partnership with EtherMail to facilitate subscription payments.
By leveraging Helio Pay’s platform, EtherMail now accepts its native token, $EMT, and other tokens on Base, marking their first foray into crypto-based payment options.
MoonPay’s payment infrastructure supports the conversion between fiat currencies and cryptocurrencies, offering a variety of payment methods such as debit and credit cards, local bank transfers, Apple Pay, and Google Pay.
MoonPay operates in over 160 countries and has collaborations over 300 wallets, websites, and applications to enable payments and combat fraud.
The company has also recently secured a Money Transmitter License from the Texas Department of Banking, allowing it to provide money transmission services in Texas.
This is in addition to the 45 Money Transmitter Licenses MoonPay has obtained, enabling operations across the US.
Earlier in 2024, MoonPay also integrated Venmo and PayPal as part of its payment options, further enhancing its service offerings.
