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The Defiant 2025-01-14 12:07:50

MoonPay Acquires Helio for $175 Million to Expand Crypto Payments

Crypto payments platform MoonPay has acquired Helio, a blockchain payment processor, for $175 million, marking a significant move to bolster its offerings in the Web3 ecosystem. Helio announced the deal in a blog post on Jan. 13. Since its 2022 launch, the platform has attracted over 6,000 merchants and facilitated more than $1.5 billion in cryptocurrency transactions, according to the post. Helio offers a suite of tools for payment processing, subscription management, and API integrations. With this acquisition, MoonPay aims to expand its footprint in Web3 payments, which have seen rapid adoption in decentralized applications and digital commerce. Helio’s infrastructure will allow MoonPay to streamline crypto payments and develop new tools for creators and businesses operating on the blockchain. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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