“We (OpenAI) are currently losing money on openai pro subscriptions! People use it much more than we expected..”
— Sam Altman, CEO at OpenAI
MoonPay acquires Helio, the crypto payment processor, for $175M. [Press Release]
The goal? To expand its reach with seamless on-chain checkout across marketplaces, apps, and DEXs.
About Helio: Founded in 2022, Helio emerged as a crypto payments player on Solana for merchants and creators, with 6K+ merchants and 1M+ users.
Why it matters: MoonPay’s $175M acquisition of Helio shows strong institutional confidence in crypto payments. It also strengthens MoonPay’s position in decentralized finance and on-chain checkout solutions. The deal’s size and timing suggest there may be more acquisitions in the crypto payments sector.
Strategic moves: In May 2024, MoonPay launched Web3 Tools, a platform designed to simplify blockchain initiatives for brands. [Read more]
Stepping back: Last week, MoonPay received MiCA approval from the Dutch AFM, enabling continued expansion in Europe.
Tether is relocating from the British Virgin Islands to El Salvador, a country with a Bitcoin-first economy. [Announcement]
It has acquired a Digital Asset Service Provider (DASP) license, establishing El Salvador as its new global headquarters, within the country's regulatory framework.
