MoonPay has acquired the crypto payments startup Meso to expand its global reach. The acquisition supports MoonPay’s mission to create a worldwide payments network. This network will connect banks, card systems, stablecoins, and blockchains, all under regulatory frameworks. The move positions MoonPay as a key player in both U.S. and European markets.
Meso’s Co-Founders, Ali Aghareza and Ben Mills, will join MoonPay as part of the deal. Aghareza will serve as MoonPay’s Chief Technology Officer, and Mills will become Senior Vice President of Product. Both bring extensive experience from companies like Braintree, PayPal, and Venmo. Their expertise will help strengthen MoonPay’s technological capabilities and product offerings.
Soto-Wright, CEO and Co-Founder of MoonPay, stated,
This acquisition allows MoonPay to improve its services and enhance the crypto payment experience. The leadership additions will help MoonPay strengthen its infrastructure and accelerate innovation.
This deal marks MoonPay’s fourth acquisition this year. Earlier, it acquired payments processor Helio, stablecoin firm Iron, and on-chain payment tool Decent.xyz. These strategic acquisitions have enabled MoonPay to diversify and expand its crypto payment services. The company now supports payments via cards, bank transfers, and mobile options.
Soto-Wright emphasized the company’s goal:
With this expanded network, MoonPay aims to enable seamless transactions across global markets. The company continues to build its platform as the backbone for crypto and Web3 payments.
Founded in 2019, MoonPay reached a valuation of $3.4 billion after raising $555 million in 2021. Despite recent layoffs, MoonPay remains profitable and continues to grow. The company is reportedly negotiating a new funding round that could increase its valuation further.
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Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more