MoonPay is on track to acquire Meso, a payments startup, in efforts to reinforce its global cryptocurrency payments network. The company shared their excitement about this move on X, stating, “We’re excited to share that MoonPay has acquired Meso to help us build crypto’s largest global payments network.” This acquisition comes soon after MoonPay’s previous purchase of Solana-based crypto payment processor Helio for $175 million in January.

MoonPay aims to provide infrastructure solutions for the broader crypto and Web3 landscape, allowing businesses to integrate its services into their offerings, similarly to how conventional payment processor Stripe operates. The specifics regarding the financial terms of the acquisition remain undisclosed.

Meso was co-founded by Ali Aghareza and Ben Mills, both of whom previously held significant roles at PayPal and Venmo, respectively. They will join MoonPay as it continues to expand its reach in the payments industry.

For more details, refer to the full article on CoinDesk.