Polygon Secures US Money Transmitter Licenses
By PYMNTS
AI summary of the source article
Polygon has completed its acquisition of Coinme, making its Polygon Open Money Stack a U.S.-regulated payments platform, according to an Oct. 14 blog post.
Why it matters
Polygon stated the acquisition "is a huge step" giving it "more of what it takes to support the whole payment".
Key facts
- Polygon completed its acquisition of Coinme.
- The deal makes Polygon Open Money Stack a U.S.-regulated payments platform.
- The company announced the completion in an Oct. 14 blog post.
Source excerpt · PYMNTS
Polygon has completed its acquisition of Coinme, making Polygon Open Money Stack a U.S.-regulated payments platform, the company said in an Oct. 14 blog post. “This is a huge step for Polygon,” the company said in the post. “We’ve spent years building infrastructure that moves money onchain. Now Polygon has more of what it takes to support the whole payment: […] The post Polygon Secures US Money T…