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01/14 02:40

​​Polygon strikes $250M deal for Coinme and Sequen

​​Polygon strikes $250M deal for Coinme and Sequence in stablecoin payments push 9 hours ago Polygon Labs CEO Marc Boiron told Cointelegraph that the acquisitions position the network as a regulated payments platform built to move stablecoins onchain at scale.   Listen 0:00 News Cointelegraph in your social feed Join our Subscribe on        Polygon Labs has agreed to acquire US-based crypto payments company Coinme and wallet infrastructure provider Sequence in deals valued at more than $250 million, Fortune reported on Monday. The acquisitions give the Ethereum scaling blockchain access to Coinme’s network of US money-transmitter licenses and fiat on- and off-ramps, alongside Sequence’s embedded wallets and cross-chain payments tools for banks, fintechs and enterprises. According to an X post from Polygon, the two companies will help form the foundation of what it calls the “Polygon Open Money Stack,” combining blockchain rails, regulated money movement and wallet infrastructure into a single platform designed for onchain payments. Speaking on Cointelegraph's Chain Reaction podcast, Polygon Labs CEO Marc Boiron outlined how the acquisitions broaden the network’s capabilities to support enterprises as they begin to experiment with blockchain applications. He said:  Ultimately, we become a regulated payments platform. And our goal here is to offer one fully, vertically integrated stack that can allow anyone to use stablecoins to move money anywhere.” #HTX Year-End Carnival: 150,000 USDT Over 28 Days! #人生K线: The AI Fortune-Telling Meme Coin #Claim1,200 USDT in the Monthly Creation Challenge

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