Crypto-Focused Financial Technology Company Moonpay is set to acquire payment start Meso.
The purchase, first reported by Bloomberg Monday, was confirmed by Moonpay In a post of x.
No financial details were given about the acquisition or an estimated timeframe was given.
“We are pleased to share that Moonpay has acquired Meso to help us build Crypto’s largest global payment network,” the company wrote.
Mesos co -founders Ali Aghareza and Ben Mills, earlier from PayPal and Venmo, will join Moonpay as a new Chief Technology Officer and Senior Vice President of Product, the company added.
Moonpay sees itself as an infrastructure provider for the wider crypto and web3 industry, where other companies can connect Moonpay to their products that look like streaks in the traditional payment world.
Similarly, Moonpay acquired Solana-driven crypto payment processor Helio for $ 175 million in January in January in January.
