- MoonPay’s acquisition of Meso strengthens its global crypto payment network.
- Meso’s co-founders bring valuable expertise to MoonPay’s leadership team.
- Strategic acquisitions fuel MoonPay’s vision to revolutionize digital payments worldwide.
MoonPay, a leader in crypto payments infrastructure, has acquired the payments startup Meso in a strategic move aimed at revolutionizing the crypto payments landscape. The move is a major step in MoonPay’s mission to develop a global payments network that links banks, card systems, stablecoins, and blockchains on a single regulatory framework.
In this acquisition, the co-founders of Meso, Ali Aghareza and Ben Mills, will become the Chief Technology Officer and Senior Vice President of Product at MoonPay, respectively. They both have extensive experience in their positions at Braintree, PayPal, and Venmo, which adds to MoonPay’s team leadership and broadens its technical competencies.
Also Read: London Stock Exchange Unveils Blockchain Platform to Revolutionize Private Fund Markets
Strengthening MoonPay’s Global Presence with Key Acquisitions and Leadership Expansion
Ivan Soto-Wright, MoonPay’s co-founder and CEO, outlined the company’s vision of creating a network that will facilitate seamless money transfers across various payment forms and markets. “We’ve built trusted ramps that brought millions into crypto, now we’re building the global network that will move money across every form and in every market,” said Soto-Wright.
This purchase is an extension of MoonPay as it seeks to spread around the world. The company has also acquired the payments firm based in Solana, Helio, and an onchain payment tool provider, Iron.
In the same year, it further diversified its product range by acquiring an onchain payment tool provider, Decent.xyz. These actions will likely strengthen cards, bank transfers, and mobile payments as the methods of purchasing cryptos at MoonPay.
Although these strategic acquisitions have accompanied this, MoonPay has had its own operational problems earlier in the year, such as retrenching 10% of its employees due to excessive costs and subpar operating margins. Nevertheless, with its growing portfolio of acquisitions and leadership team expansions, MoonPay seems committed to its long-term growth strategy in the evolving crypto payments space.
Also Read: Crypto Bloodbath: Bitcoin, Ethereum, and Top Coins Suffer Major Losses in 24 Hours
