MOONPAY BUYS CRYPTO PAYMENT PROCESSOR HELIO FOR $175M

Summary from the TLDR Crypto newsletter

MoonPay acquired Solana-powered payment processor Helio for $175 million, integrating a platform with $1.5 billion in transactions, 6,000 merchants, and one million users. Helio, which is based in London, provides payment processing for various cryptos and has integrations across Discord, WooCommerce, and Shopify. The acquisition follows MoonPay's strategic partnership with PayPal in May 2024 and subsequent Venmo integration.