MoonPay acquisition of the encryption payment startup Meso Network, attracting former PayPal and Venmo executives

robot
Abstract generation in progress

According to Mars Finance, MoonPay Inc. has acquired the Crypto Assets payment startup Meso Network, advancing towards building a global Payment Network that supports both Crypto Assets and fiat currencies, allowing for more direct competition with companies like Circle Internet Group Inc. and Visa Inc. The terms of the protocol were not disclosed. Its CEO Ivan Soto-Wright stated that the acquisition will enhance support for the U.S. banking system and optimize the developer platform to facilitate product integration. Meso co-founders Ali Aghareza and Ben Mills will serve as MoonPay's Chief Technology Officer and Senior Vice President of Product, respectively, both having previously worked at PayPal's Braintree division and Venmo. Insiders revealed that MoonPay is in talks with investors for a new round of financing, with a valuation expected to rise from $3.4 billion in 2021. A spokesperson declined to comment. It is reported that the acquisition of Meso Network is MoonPay's fourth acquisition this year, following the acquisitions of Iron, Helio, and an unannounced deal with Decent.xyz.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)