Polygon Labs completes Coinme acquisition to expand regulated payments across 48 US states
Polygon Labs has completed its acquisition of Coinme, integrating regulated money transfer capabilities into its Open Money Stack and providing payments coverage across 48 U.S. states.
Polygon Labs has finalized its acquisition of Coinme, incorporating regulated U.S. money transmission services directly into the Polygon Open Money Stack. The acquisition secures regulated payments coverage across 48 U.S. states, integrating 37 state-level money transmitter licenses and 11 applicable exemptions into Polygon's stablecoin and payments infrastructure.[1][2][4][5]
Polygon's U.S. payments operation is also registered as a money services business with FinCEN. According to Polygon Labs, early enterprise customers utilizing the platform include Tazapay, Mesh, Toku, and Kira, which are deploying the infrastructure for cross-border business payments, account top-ups, global payroll, and U.S. dollar services.[2][4]
Key facts
- Polygon Labs has completed its acquisition of Coinme.
- The transaction expands Polygon's regulated payments coverage across 48 U.S. states.
- The deal adds 37 state money transmitter licenses and 11 applicable exemptions to Polygon's infrastructure.
- Polygon's U.S. payments business is registered with FinCEN as a money services business.
- Coinme's services are being integrated into the Polygon Open Money Stack.
- Tazapay, Mesh, Toku, and Kira are early customers using the platform for cross-border payments, account top-ups, payroll, and USD services.
Sources · 5 sources
- TB
The Block@TheBlockCoPost on X ·
Polygon Labs completes Coinme acquisition, bringing regulated payments coverage across 48 US states https://t.co/USZDW3aZ3K
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Polygon Completes Coinme Acquisition, Turns Open Money Stack Into US-Regulated Payments Platform Polygon Labs has completed its acquisition of Coinme, integrating regulated U.S. money transfer services into the Polygon Open Money Stack. The platform now covers 48 U.S. states, holding 37 state-level money transmitter licenses and 11 applicable exemptions, and is registered with FinCEN as a money services business. Tazapay, Mesh, Toku and Kira are the first customers, using it for cross-border business payments, account top-ups, global payroll and USD services.
Open source - KC
- DN
DEGEN NEWS@DegenerateNewsPost on X ·
NEW: @0xPolygon LABS COMPLETES COINME ACQUISITION, BRINGING REGULATED PAYMENTS COVERAGE ACROSS 48 US STATES SOURCE: https://t.co/3GVzNJcX5L https://t.co/QPBUU4EigH
Open source - TB
The BlockArticle ·
Polygon Labs completes Coinme acquisition, bringing regulated payments coverage across 48 US states Polygon Labs completed its Coinme acquisition, bringing 37 state money transmitter licenses into its stablecoin payments infrastructure.
Open source