MoonPay, a leading crypto infrastructure service provider, has recently made a significant move in the digital currency industry by acquiring Helio, a Solana-powered crypto payment processor, for a whopping $175 million. This acquisition, which took place on January 13, 2025, at 9:14 p.m. UTC, marks a major milestone for both companies and the broader crypto market.
Expanding Horizons with Helio
MoonPay’s decision to acquire Helio is not just a simple business transaction; it signifies a strategic move to enhance its trading and marketplace volume using the innovative products and technologies offered by Helio. Ivan Soto-Wright, the CEO and co-founder of MoonPay, expressed his excitement about the acquisition, stating, “This acquisition is an important step in advancing our vision for the future of payments.”
The Rise of Helio
Helio, a London-based startup founded in 2022, has quickly made a name for itself in the industry by enabling businesses to process payments using various digital currencies, including USDC, SOL, BTC, and ETH. With over $1.5 billion in transactions processed and integrations with popular platforms like Discord, WooCommerce, and Shopify, Helio has gained a strong foothold in the market, supporting over 6,000 merchants and serving one million users.
A Strategic Partnership with PayPal
MoonPay’s acquisition of Helio comes on the heels of its strategic partnership with PayPal, which allowed users to buy and sell over 100 cryptocurrencies on MoonPay’s platform using their PayPal accounts. This partnership, established in May, was further strengthened in October when PayPal announced that eligible U.S. users could fund their MoonPay accounts using Venmo.
In the ever-evolving landscape of digital currency and blockchain technology, MoonPay’s acquisition of Helio represents a significant development that is poised to shape the future of payments and crypto commerce. As these two industry leaders join forces, the possibilities for innovation and growth in the crypto market are endless.
Now, imagine you’re a small business owner looking to venture into the world of digital currency payments. How do you think MoonPay’s acquisition of Helio could impact your business operations? Would you consider integrating these cutting-edge technologies into your payment processing systems? Share your thoughts and join the conversation on the future of crypto commerce and blockchain innovation.