PANews, October 18: According to CoinDesk, following Polygon Labs' acquisition of Coinme, Marc Boiron, CEO of Polygon Labs, stated that the company is transitioning from blockchain infrastructure to the payments processing industry, with its regulated payment business expected to become profitable by 2027. The unified payments platform is currently in technical preview, with initial customers including Tazapay, Mesh, Toku, and Kira. Previously, it was reported that Polygon Labs completed its acquisition of Coinme, making Open Money Stack a regulated payment platform in the United States.
Polygon Labs CEO: Regulated Payment Business to Become Profitable by 2027
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Summary
Polygon Labs CEO Marc Boiron told blockchain news outlets that the company is shifting toward payment processing and expects its regulated payment business to become profitable by 2027. The unified payment platform is currently in technical preview, with early clients including Tazapay, Mesh, Toku, and Kira. Polygon previously acquired Coinme to build the Open Money Stack, a regulated U.S. payment platform. This move reflects a blockchain-enabled upgrade to its business model.
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