MoonPay, a crypto payment service provider, is negotiating to acquire Helio for an estimated $150M, which would be MoonPay’s biggest buy.
Moonpay is believed in discussions to acquire Helio to enhance its crypto service offerings. Eleanor Terrett, a journalist for Fox Business, disclosed that the Helio agreement is estimated to be worth $150 million. This will be the most significant acquisition made by the Miami-based company since its inception, provided it is successful.
Moonpay & Helio To Merge, What is the Potential?
Although there is still a lack of clarity regarding the agreement’s specifics, numerous stakeholders within the ecosystem are currently considering its potential. It is important to note that Helio will allow Moonpay to compete directly with Coinbase Commerce as a self-service crypto payments outfit.
Helio facilitates the payment of content creators and e-commerce merchants for their products and services through cryptocurrency. Solana Pay, the payments engine that drives the DexScreener platform, is one of the currently available products. Terrett also emphasized that the Solana Pay organization is incorporated with Shopify.
