Finance2 sources
Polygon Acquires Coinme for Payments Sector Entry
- Polygon has acquired Coinme, a cryptocurrency payment processor.
- Polygon CEO Marc Boiron views the acquisition as a strategic move to control customer relationships.
- The acquisition aims to capture revenue previously going to payment intermediaries.
- The payments sector is currently dominated by companies like Visa and Stripe.
- The acquisition is seen as a step towards integrating blockchain technology into mainstream payments.