Polygon Labs completes Coinme acquisition, launches regulated Open Money Stack in US
- —Polygon covers 48 US states with 37 money transmitter licenses and 11 exemptions
- —The company is registered with FinCEN as a money services business
- —First customers include Tazapay, Mesh, Toku and Kira for payments, top-ups, payroll and dollar services
Why it matters: Polygon is entering the regulated US payments market, intensifying competition in stablecoin payments and money transfers.
Source: PANews