Polygon Labs completes Coinme acquisition, becomes U.S.-regulated payments business with coverage in 48 states

Polygon Labs said its acquisition of Coinme is complete, bringing regulated U.S. money movement into what it calls the Polygon Open Money Stack. The company reports coverage across 48 states via 37 state money transmitter licenses, 11 applicable exemptions, and FinCEN registration as a money services business. According to the post, one API lets dollars enter through banks, cards, or cash, move onchain, be held in a wallet, and pay out. Tazapay, Mesh, Toku, and Kira are named as the first adopting businesses.

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