Polygon’s Coinme acquisition extends regulated payments reach to 48 states

Polygon’s acquisition of Coinme, completed on October 14, gives its blockchain payments operation a regulatory footprint spanning 48 US states . The deal brings state money-transmitter licences, exemptions and federal registration into Polygon Labs’ effort to connect on-chain settlement with regulated US money movement. Key takeaways Coinme brings 37 state licences and 11 exemptions to Polygon. Polygon valued the Coinme and Sequence transactions together at more than $250 million. The integrated payments platform is being introduced to selected customers. Polygon’s Coinme acquisition includes a broader payments package Coinme is a US crypto payments and cash-access business . On October 14, Polygon Labs announced that it had finalized the deal, a move that formed part of a broader acquisition plan unveiled in January, which also covered Sequence , a wallet infrastructure…

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