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- MoonPay expands its reach with Meso’s strategic acquisition.
- Meso’s leadership strengthens MoonPay’s crypto payment technology.
- Acquisition positions MoonPay as a dominant player in global payments.
MoonPay, a prominent player in crypto payments infrastructure, has acquired the payments startup Meso in a strategic move designed to revolutionize the global crypto payments landscape. The purchase will increase MoonPay’s capabilities to expand its services so the company can bridge banks, card systems, stablecoins, and blockchains through a common regulatory framework.
Ali Aghareza and Ben Mills, the co-founders of Meso, will be hired by MoonPay as Chief Technology Officer and Senior Vice President of Product, respectively. They both have extensive experience in their work at Braintree, PayPal, and Venmo, which will enhance MoonPay’s technological and product development opportunities.
MoonPay co-founder and CEO Ivan Soto-Wright spoke about the long-term vision of the business, and he pointed out that MoonPay’s mission is to establish a smooth global network of crypto payments. He said, We are creating trusted ramps that have already created millions of crypto citizens, and now we are creating the worldwide network that will move money in any form and in any market. It demonstrates that MoonPay has the vision to become a powerful player in the global crypto payment system.
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Expanding MoonPay’s Presence with Key Acquisitions
The acquisition of Meso comes after several strategic acquisitions of MoonPay earlier this year, such as the acquisition of Solana-based payments company Helio, infrastructure provider of stablecoins Iron, and onchain payment tool Decent.xyz. Through these acquisitions, MoonPay has been able to expand its portfolio and strengthen its capacity to enable crypto purchasing through a wide range of payment options such as cards, bank wire, and mobile.
In spite of these expansion initiatives, MoonPay has struggled with its operations. Earlier in the year, the company laid off 10 percent of its employees as part of measures to deal with the high cost structure and low operating operating margin expectations. However, the fact that MoonPay remains consistent with its acquisition and leadership expansion strategies is an indication that the company is committed to growth and innovation in its crypto payments industry.
Making its in-flight, with Meso, MoonPay stands in a good position to develop its global presence further and transform the future of crypto payments.
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