Polygon Labs secures payments coverage across 48 US states after Coinme deal

Polygon Labs has completed its acquisition of Coinme and brought four payment companies onto its Open Money Stack platform, combining regulated U.S. money transmission services with stablecoin payments, digital wallets and local currency settlement. Summary Polygon Labs has completed its acquisition of Coinme, bringing 37 state money transmitter licenses and 11 exemptions into its U.S. payments business. Tazapay, Mesh, Toku and Kira are adopting Polygon Open Money Stack for cross border payments, account funding, global payroll and dollar banking services. Open Money Stack combines fiat conversion, digital wallets, payment routing and stablecoin settlement across dozens of blockchain networks through a single integration. Polygon Chain has processed more than $3 trillion in cumulative stablecoin transfer volume, while the unified Open Money Stack integration remains in technical preview for selected customers. According to a press release shared with crypto.news, the acquisition gives Polygon access to a U.S. payments business with 37 state money transmitter licenses and 11 applicable exemptions, providing coverage across 48 states. The business is registered with the Financial Cri...