Tonight Beijing time, Polygon Labs, the company behind $POL , announced that it had completed its acquisition of Coinme, bringing regulated U.S. on- and off-ramps into its Open Money Stack.
$POL is a token in the Polygon ecosystem. The chain focuses on infrastructure for fast, low-cost on-chain transfers and payments.
Previously, after moving money on-chain, users still needed to connect to separately licensed channels to move funds in and out. The licenses brought in through this acquisition cover 48 U.S. states, meaning the same stack can handle everything from collecting dollars to paying recipients. Customers in areas such as cross-border payments, funding accounts, and payroll are already coming on board.
$POL is a token in the Polygon ecosystem. The chain focuses on infrastructure for fast, low-cost on-chain transfers and payments.
Previously, after moving money on-chain, users still needed to connect to separately licensed channels to move funds in and out. The licenses brought in through this acquisition cover 48 U.S. states, meaning the same stack can handle everything from collecting dollars to paying recipients. Customers in areas such as cross-border payments, funding accounts, and payroll are already coming on board.