MoonPay to Acquire Payments Startup, Add Ex-PayPal, Venmo Execs

MoonPay Inc. acquired crypto payments startup Meso Network, putting the digital-asset firm on course to compete more directly with companies like Circle Internet Group Inc. and Visa Inc. in building a global payments network that supports both crypto and fiat currencies.

Terms of the agreement weren’t disclosed. Buying Meso will allow MoonPay to provide enhanced support for US banking rails such as electronic transfers and real-time payments, MoonPay Chief Executive Officer Ivan Soto-Wright said, as well as an improved developer platform to help other companies integrate with the New York-based firm’s products.

Meso co-founders Ali Aghareza and Ben Mills will ...