Polygon Labs Completes Acquisition of Coinme, Open Money Stack Becomes U.S. Payment Platform

Polygon Labs has completed the acquisition of Coinme, incorporating regulated U.S. fund transfer services into the Polygon Open Money Stack. This transaction expands Polygon's U.S. payment operations to 48 states, holding money transmission licenses in 37 states and 11 applicable exemptions, and has registered with FinCEN as a money services business. Tazapay, Mesh, Toku, and Kira are among the first customers, utilizing the services for cross-border commercial payments, account top-ups, global payroll disbursements, and USD services.

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