MoonPay, a leading fiat-to-crypto on-ramp solution, has bought Helio, a Solana-based payment processor, for $175 million.
This partnership aims to expand MoonPay’s current crypto payments network through the incorporation of Helio’s blockchain solution. It allows for payments with digital currencies such as Bitcoin, Ethereum, Solana and USD Coin.
In a statement, the company said that the acquisition will enhance the functionality and flexibility of the crypto payments.
breaking news: we’ve acquired @helio_pay pic.twitter.com/k3Nw9XfvOo
— MoonPay 🟣 (@moonpay) January 13, 2025
Helio has been able to offer unique payment solutions. The platform has been able to facilitate more than 6,000 merchants and has processed more than $1.5 billion.
The move is in line with MoonPay’s strategy to enhance its offering as a multi-vertical crypto payment solutions provider. It intends to use Helio’s technology to phase out conventional payment gateways.
Helio’s Role in the Crypto Ecosystem
Helio has emerged as one of the key play
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