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The Coin Rise 2024-12-24 11:32:15

MoonPay Eyes $150M Acquisition of Crypto E-Commerce Platform Helio Pay

Crypto payments giant MoonPay is reportedly negotiating a $150 million acquisition of Helio Pay, a prominent crypto e-commerce platform. The potential deal, first reported by FOX journalist Eleanor Terrett via a December 23 X post , would mark MoonPay’s most significant acquisition to date, signaling a strategic push into the growing e-commerce sector. Known as the “PayPal for crypto,” MoonPay provides a suite of cryptocurrency payment solutions, enabling users to buy and sell digital assets with debit or credit cards and mobile payment systems like Apple Pay and Google Pay. The acquisition of Helio Pay would significantly bolster MoonPay’s offerings by integrating its self-service platform, which supports over 6,000 merchants and content creators. Helio Pay allows these users to accept payments in Bitcoin, Ether, stablecoins such as USD Coin (USDC), and hundreds of other cryptocurrencies. Among its most notable integrations is Solana Pay on Shopify, one of the largest e-commerce platforms globally, with over 138 million monthly users. Expanding Reach in Crypto Payments MoonPay’s user base, which spans more than 160 countries with 20 million users, would benefit from Helio Pay’s established merchant network and its advanced e-commerce integrations. This potential acquisition aligns with MoonPay’s recent efforts to innovate within the crypto payment space. In November, the company launched MoonPay Balance, a fiat-to-crypto on-ramp designed to facilitate easier interaction with decentralized finance (DeFi) protocols. The feature supports users in 27 countries, primarily in Europe, though key markets like the United States and Germany were excluded. MoonPay has also been expanding its fiat integration capabilities. Earlier this year, it introduced fiat PayPal on-ramps for customers in the European Union and the United Kingdom, following a successful launch in the United States. Future Implications for Crypto E-Commerce An acquisition of Helio Pay would enhance MoonPay’s position as a leader in the crypto payment space , bridging the gap between traditional finance and blockchain-based solutions. By merging Helio’s innovative e-commerce tools with MoonPay’s extensive infrastructure, the combined entity could drive broader adoption of cryptocurrency in everyday transactions. Neither MoonPay nor Helio Pay has commented on the reports. However, if the deal proceeds, it would underline the increasing convergence of crypto and mainstream e-commerce, paving the way for more seamless global payment solutions. The post MoonPay Eyes $150M Acquisition of Crypto E-Commerce Platform Helio Pay appeared first on TheCoinrise.com .

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