The Moonpay cryptocurrency application acquired an Iron, a Stablecoin infrastructure platform centered on APIs, the company said in a press release on Thursday.
The acquisition will significantly increase the business offers of Moonpay, said the company based in Miami, and will allow companies to accept Stablecoin payments.
No acquisition price was given, but a report said the agreement was worth at least $ 100 million.
The merger and acquisition activity in the cryptographic space is heating. Exchange Derebit options is in conversations that will be acquired, with a series of potential suitors competing for the company, as reported by Coindesk last month. The Bitmex encryption trade platform is also looking for a buyer.
Stripe agreed to buy the Stablecoin platform bridge for $ 1.1 billion in October last year, in the largest cryptographic acquisition for an important payment company to date.
“This acquisition is a strategic step forward, positioning Luna’s payment at the forefront of Stablecoin business grade solutions,” said Ivan Soto-Wright, CEO of Moonpay, in the launch.
Moonpay bought Helio, a cryptographic payment processor with Solana, in January.
Read more: Moonpay Buy the helium encryption payment processor for $ 175 million
