Polygon Labs announces the completion of its acquisition of crypto payments company Coinme, further strengthening its position in the stablecoin payments sector.
The acquisition brings Polygon 37 state money transmitter licenses held by Coinme, expanding its compliant payments business to cover 48 U.S. states. Polygon Labs plans to integrate these licenses into its stablecoin payments infrastructure, accelerating the adoption of on-chain payments in institutional and retail settings.
(Source: TheBlock)
#Polygon #Stablecoins
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.
The acquisition brings Polygon 37 state money transmitter licenses held by Coinme, expanding its compliant payments business to cover 48 U.S. states. Polygon Labs plans to integrate these licenses into its stablecoin payments infrastructure, accelerating the adoption of on-chain payments in institutional and retail settings.
(Source: TheBlock)
#Polygon #Stablecoins
⚠️Risk warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; proceed with caution.