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- MoonPay plans to acquire Helio, marking its largest acquisition ever, to enhance its crypto payment services.
- Venmo’s partnership with MoonPay allows 60 million U.S. users to purchase cryptocurrency using their Venmo balance.
MoonPay, a well-known crypto payment service company, is reportedly in talks to acquire Helio for over $150 million, according to Fox Business journalist Eleanor Terrett. Should this purchase be completed, it would be the biggest in MoonPay’s history and confirm its place in the cutthroat crypto payments space.
The press emphasizes MoonPay’s ambitious plan to increase its impact by including Helio’s creative technologies and user base into its ecosystem.
Offering flawless solutions for receiving cryptocurrencies, including Solana, Ethereum, and Bitcoin, Helio, well-known for its self-service crypto payment platform similar to Coinbase Commerce, targets content creators and online retailers.
🚨SCOOP: @FoxBusiness has learned that #crypto payment services provider @moonpay is in talks to acquire @helio_pay for an estimated $150 million. This would be MoonPay's largest acquisition to date.
Helio is a Coinbase Commerce alternative providing a self-service crypto…
— Eleanor Terrett (@EleanorTerrett) December 23, 2024
From Collaboration to Acquisition: A Strategic Leap for MoonPayÂ
MoonPay had previously teamed with Helio to allow both platforms to use each other’s strengths in streamlining crypto transactions for businesses and entrepreneurs.
With popular fiat payment alternatives including credit and debit cards, Apple Pay, Google Pay, and PayPal, this partnership concentrated on giving tools to accept and process crypto payments.
The alliance also brought improvements in support for a variety of digital currencies and simplified checkout experiences, therefore enabling people to embrace and use crypto in regular transactions more easily.
Still, MoonPay’s choice to go from partnership to purchase marks a dramatic change. It emphasizes the company’s dedication to not only improving its product lines but also consolidating its market share among growing competitors in the cryptocurrency payment industry.
MoonPay wants to integrate its services more thoroughly by putting Helio immediately under its roof, hence perhaps releasing new use cases and synergies not feasible under a basic cooperation arrangement.
Given that use of cryptocurrencies is still rising worldwide, MoonPay could possibly be able to meet the increasing demand for dependable and quick payment options in the crypto field via this kind of action.
Complementing its growing capacity, MoonPay has already shown its dedication to accessibility by means of deliberate integrations. Previously, CNF reported Venmo’s collaboration with MoonPay lets over 60 million Americans buy cryptocurrencies straight from their Venmo balance.
