Polygon Labs Completes Acquisition of Coinme, Open Money Stack Becomes a Regulated U.S. Payments Platform

PANews, October 14 — Polygon Labs announced it has completed its acquisition of Coinme, bringing regulated U.S. money transfer services into the Polygon Open Money Stack. Through this transaction, Polygon's U.S. payments business now covers 48 states, holds 37 state money transmitter licenses and 11 applicable exemptions, and is registered with FinCEN as a money services business. Tazapay, Mesh, Toku, and Kira have become the first customers, with applications in cross-border commercial payments, account top-ups, global payroll, and USD services.