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Coinme is a cryptocurrency exchange that supports buying or selling crypto using cash or debit.
Polygon Labs Completes Acquisition of Coinme, Entering the Payments Market with Stablecoin Infrastructure
Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
Polygon Completes Acquisition of Coinme, Launches US-Regulated Payment Platform
According to Polygon's official blog, Polygon Labs announced the completion of its acquisition of Coinme, officially making its payment infrastructure product, Polygon Open Money Stack (OMS), a US-regulated payment platform. The platform currently covers 48 U.S. states, holds 37 state money transmitter licenses and 11 exemptions, and is registered with FinCEN as a money services business.
Polygon Labs Nears Completion of Coinme Acquisition, Simultaneously Initiates Layoffs
: Polygon Labs CEO Marc Boiron stated in a post that the company's acquisition of compliance payment service provider Coinme has entered its final stage. Upon completion of the transaction, the Coinme team will be fully integrated into Polygon Labs. This acquisition and integration is part of the company's overall restructuring plan, with the core goal of driving the enterprise towards profitability by 2027.Alongside the business integration, Polygon Labs is conducting a workforce reduction today. Marc Boiron explained that the company is transitioning from a blockchain foundation to a blockchain payment enterprise. The organizational structure and talent requirements for these two types of businesses are significantly different. This workforce adjustment is driven by strategic transformation needs and is not due to employee performance issues.The official also revealed that the company's current revenue situation is improving, with stablecoin transaction volumes continuously setting new records and the rollout of on-chain payment products accelerating. The enterprise will provide severance compensation and supporting assistance to affected employees.
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Polygon Labs Completes Acquisition of Coinme, Entering the Payments Market with Stablecoin Infrastructure
Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
Polygon Completes Acquisition of Coinme, Launches US-Regulated Payment Platform
According to Polygon's official blog, Polygon Labs announced the completion of its acquisition of Coinme, officially making its payment infrastructure product, Polygon Open Money Stack (OMS), a US-regulated payment platform. The platform currently covers 48 U.S. states, holds 37 state money transmitter licenses and 11 exemptions, and is registered with FinCEN as a money services business.
Polygon Labs Nears Completion of Coinme Acquisition, Simultaneously Initiates Layoffs
: Polygon Labs CEO Marc Boiron stated in a post that the company's acquisition of compliance payment service provider Coinme has entered its final stage. Upon completion of the transaction, the Coinme team will be fully integrated into Polygon Labs. This acquisition and integration is part of the company's overall restructuring plan, with the core goal of driving the enterprise towards profitability by 2027.Alongside the business integration, Polygon Labs is conducting a workforce reduction today. Marc Boiron explained that the company is transitioning from a blockchain foundation to a blockchain payment enterprise. The organizational structure and talent requirements for these two types of businesses are significantly different. This workforce adjustment is driven by strategic transformation needs and is not due to employee performance issues.The official also revealed that the company's current revenue situation is improving, with stablecoin transaction volumes continuously setting new records and the rollout of on-chain payment products accelerating. The enterprise will provide severance compensation and supporting assistance to affected employees.