Crypto payment platform MoonPay has acquired blockchain payment processor Helio for $175 million. This is MoonPay’s biggest deal to date. It shows the firm doesn’t want to be a minor player in the crypto payment space. In addition, advanced technology at Helio will fuel crypto deals even on Shopify or Discord, further extending its reach into e-commerce for MoonPay.
MoonPay’s purchase of Helio extends its effort to inject cryptocurrency into mainstream commerce. It already lets customers directly purchase crypto through recent integrations with PayPal and Venmo. With Helio, MoonPay is offering faster, cheaper, and more decentralized options to merchants. This move signals a new tack in the crypto world amid a spate of U.S. regulatory crackdowns under the Biden administration.
However, the new Trump administration had promised to cut regulations and promote innovation. This pro-business posture will revive growth in the US crypto market, attract businesses, and drive corporate mergers and acquisitions.
MoonPay positions itself as a crypto payments leader
Industry insiders believe the acquisition of Helio by MoonPay is just the beginning. A deal that underlines an increasing scope for DeFi to disrupt traditional payment systems, the blockchain technology backbone of digital assets allows for faster and cheaper settlements. Hence being a very compelling alternative to conventional banking and credit card networks.
He promised crypto-friendly policies, which were seemingly meant to make America a leading destination for digital assets. The already $3.5 trillion crypto market is expected to increase further since this sector now provides an opportunity for companies to benefit from relaxed regulations.
According to analysts, investments in the media, banking, and cryptocurrency sectors will increase, and competitive performance will improve. With the acquisition of Helio, MoonPay cements its position as a leader in crypto payments. This deal means that the company will provide an extended toolset for on-chain transactions, commerce, and marketplaces.
