Update
Polygon Acquires Coinme to Enter Payments Sector
Polygon Labs, the developer of the Polygon blockchain, has acquired Coinme, a U.S.-regulated crypto payments provider. This acquisition allows Polygon to handle conversions between cryptocurrencies, stablecoins, and traditional money using its own resources, giving it control over customer relationships and revenue that previously went to payment intermediaries. The move is part of Polygon's shift from blockchain infrastructure to payments processing, with the company now able to collect fees for converting and transferring money.