Polygon sees Coinme acquisition as entry to payments sector dominated by Visa, Stripe
CEO Marc Boiron said the Coinme acquisition will help Polygon control customer relationships and capture revenue that previously went to payment intermediaries.
Polygon is acquiring crypto payments firm Coinme, with CEO Marc Boiron framing the deal as a way to enter the payments sector long dominated by Visa and Stripe. The company says owning customer relationships directly will let it capture revenue that previously flowed to payment intermediaries. The move expands Polygon's business beyond its blockchain infrastructure into consumer payments, a strategic shift traders may read as a growth signal for the MATIC ecosystem, though no deal terms or financial figures were disclosed.
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1H AGOYou’re reading thisPolygon sees Coinme acquisition as entry to payments sector dominated by Visa, StripeCoinDesk · Score 45
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15 OCT · 00:55Cointelegraph · Score 45 · via Polygon, Coinme
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14 OCT · 21:05Bitcoin.com News · Score 45 · via Polygon, Coinme
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14 OCT · 13:00The Block · Score 55 · via Polygon, Coinme acquisition