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Polygon Labs Expands Into Crypto Payments With Completed Coinme Deal

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POLUSD$0.0922 −2.29%V$402.61 0.72%

Polygon Labs (POL) has completed its acquisition of U.S.-regulated cryptocurrency payment provider Coinme. Chief Executive Officer Marc Boiron stated that the developer of the Polygon blockchain expects its regulated payments unit to achieve profitability in 2027. The deal allows Polygon Labs to directly process conversions between digital assets, stablecoins, and fiat currencies, marking a transition from pure blockchain infrastructure toward full payment processing.

By owning a regulated payment processor, Polygon Labs gains direct relationships with customers and can collect processing fees based on total transaction values rather than relying solely on network fees. These conversion fees previously went to external vendors. The shift is part of a broader push around the Open Money Stack framework for cross-border transfers. Polygon Ecosystem Token is currently trading at $0.09309, down 1.29% today.

Polygon Labs faces substantial competition from legacy payment leaders and emerging crypto networks. Visa Inc. (V), whose stock rose 0.72% today to $402.60, processed over $12.3 trillion in fiscal 2025, while Stripe handled $1.9 trillion. Investors will watch how effectively Polygon Labs scales its payments operations against established giants and competing stablecoin infrastructure initiatives from traditional financial networks.

Key points

  • Polygon Labs completed its acquisition of U.S.-regulated crypto payments provider Coinme.
  • CEO Marc Boiron expects the company's regulated payments business to become profitable in 2027.
  • The purchase allows Polygon Labs to earn percentage-based conversion fees on fiat and stablecoin transfers.
  • Polygon Ecosystem Token fell 1.29% to $0.09309, while payment giant Visa Inc. rose 0.72% to $402.60.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When does Polygon Labs expect its payments business to be profitable?

CEO Marc Boiron expects the company's regulated payments business to turn profitable in 2027 following its acquisition of Coinme.

Why did Polygon Labs acquire Coinme?

The acquisition allows Polygon Labs to directly process conversions between traditional money, stablecoins, and cryptocurrencies, enabling it to collect processing fees and maintain direct customer relationships.

How large are the incumbent payment processors Polygon Labs competes with?

Visa processed more than $12.3 trillion in payments volume in fiscal 2025, while Stripe reached $1.9 trillion in volume.