MoonPay’s Latest Acquisition: A Tale of Coins and Irony! 💰😂

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What to know:

  • In a move that could only be described as “bold,” MoonPay has acquired Iron, a platform that focuses on stablecoin infrastructure, as if the world needed more coins to juggle.
  • The financial details remain shrouded in mystery, but whispers suggest the deal is worth at least $100 million—because who doesn’t love a good secret? 🤫

On this fine Thursday, the cryptocurrency app MoonPay has announced its acquisition of Iron, an API-focused stablecoin infrastructure platform. One can only imagine the boardroom discussions that led to this momentous occasion.

According to the Miami-based company, this acquisition will significantly enhance MoonPay’s enterprise offerings, allowing businesses to accept stablecoin payments. Because, you know, cash is so last century! 💸

While the exact price remains a mystery, reports suggest it’s at least $100 million. Perhaps they should have just bought a small island instead? 🏝️

The M&A activity in the crypto space is heating up faster than a summer day in Miami. Options exchange Derebit is in talks to be acquired, with a plethora of potential suitors vying for its affection, as reported by CoinDesk last month. Meanwhile, BitMEX is also on the lookout for a buyer—because who doesn’t want to be part of this circus?

In a previous spectacle, Stripe agreed to buy the stablecoin platform Bridge for a whopping $1.1 billion last October, marking the largest crypto acquisition by a major payments company to date. Talk about a bridge over troubled waters! 🌉

“This acquisition is a strategic step forward, positioning MoonPay at the forefront of enterprise-grade stablecoin solutions,” declared Ivan Soto-Wright, CEO of MoonPay, in a press release that surely made him feel like a visionary. 🦸‍♂️

Let us not forget, MoonPay also acquired Helio, a Solana-powered crypto payment processor, back in January. It seems they are on a roll—like a baker with a fresh batch of croissants! 🥐

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2025-03-13 19:40