JAKARTA - Recently, crypto assets have become increasingly a topic of conversation among the public, because the need for a conversion platform between fiat and cryptocurrencies is increasingly needed. Many people, both individuals and business actors, are trying to find ways to take advantage of crypto without having to go through a complicated process.
MoonPay, a fiat-to-crypto service provider, is here to meet these needs. The company recently announced the acquisition of Helio, a blockchain-based payment service provider built on the Solana network.
The acquisition of USD 175 million (IDR 2.835 trillion) aims to expand MoonPay's payment infrastructure while increasing the efficiency of crypto asset transactions for digital traders and markets.
For your information, Helio is known as its crypto checkout platform that allows companies to accept payments in various digital assets such as Bitcoin (BTC), Ether (ETH), Solana (SOL), and USD Coin (USDC).
To date, Helio has supported more than 6,000 traders with transaction value of more than 1.5 billion US dollars (Rp 24.3 trillion). The platform has also been integrated with a number of popular services such as Discord, Shopify, and WooCommerce, making it one of the most flexible payment solutions in the market.
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According to its official statement, this acquisition will allow MoonPay to integrate Helio technology in creating faster, more affordable, and decentralized payment solutions.
Helio founder and CEO, Stijn Paumen, stated that the company's vision to facilitate crypto payments can now be realized more widely through MoonPay infrastructure on a larger scale.
"We believe in this combination, we can replace slow and expensive traders' payments with more efficient and innovative solutions," he said.
In addition, this acquisition is in line with MoonPay's efforts to expand services in Europe after obtaining licensing approval under EU MiCA (Markets in Crypto-Assets) regulations. With a license from the Dutch Financial Market Authority, MoonPay has strengthened his position as a major player in the world crypto industry.
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