# Polygon Labs Acquires Coinme to Expand Into Crypto Payments and Target Profitability by 2027

- URL: https://stocks.freetheai.org/news/polygon-labs-acquires-coinme-to-expand-into-crypto-payments-and-target-54a5c0
- Published: 2026-10-17T14:13:30Z
- Category: crypto; sentiment: mixed; impact: medium
- Symbols: [COINBASE:POLUSD](https://stocks.freetheai.org/symbols/COINBASE-POLUSD)
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Polygon Labs completed its acquisition of regulated U.S. crypto payments company Coinme on October 14, marking a strategic pivot toward direct payment processing. The move allows Polygon Labs to handle conversions between fiat, stablecoins, and cryptocurrencies directly, earning foreign-exchange and remittance fees. Following the news, the Polygon Ecosystem Token (POLUSD) traded down 1.94% at $0.09248.

The transaction shifts Polygon Labs beyond providing underlying blockchain infrastructure into managing direct customer relationships. Chief Executive Officer Marc Boiron stated that the company expects its regulated payments business to turn profitable by 2027. The integration builds on the launch of Polygon's Open Money Stack earlier this year to support cross-border transfers.

Polygon Labs faces competition from established payment platforms such as Visa, which processed over $12.3 trillion in fiscal 2025, and Stripe, which processed $1.9 trillion. Both legacy providers are expanding their stablecoin network capabilities. Polygon's integrated service is undergoing technical testing with early users including Tazapay, Mesh, Toku, and Kima, ahead of a retail launch.

## Key points

- Polygon Labs finalized its acquisition of regulated U.S. crypto payments firm Coinme on October 14.
- The acquisition enables Polygon Labs to process fiat, stablecoin, and crypto conversions in-house.
- Chief Executive Officer Marc Boiron targets profitability for the payments business by 2027.
- The platform remains in technical testing with corporate partners before launching to retail users.

## Questions and answers

### Why did Polygon Labs acquire Coinme?

Polygon Labs acquired Coinme to process conversions between traditional currencies, stablecoins, and cryptocurrencies in-house, enabling the company to directly collect remittance and foreign-exchange fees.

### When does Polygon Labs expect its payments business to turn a profit?

Chief Executive Officer Marc Boiron expects Polygon Labs' regulated payments unit to reach profitability by 2027.

### Is Polygon's integrated payment system open to retail customers?

Not yet. The integrated payments service is currently undergoing technical testing with corporate partners and has not officially launched for retail users.