Polygon Labs Spends $250M to Challenge Stripe in Crypto Payments

From parameter.io

Polygon Labs has made two major acquisitions, spending over $250 million to strengthen its position in the crypto payments industry. The company acquired Coinme, a provider of crypto ATMs and cash-to-crypto services, and Sequence, a blockchain infrastructure firm. These moves come just days after Polygon launched its Open Money Stack system to streamline stablecoin transactions. This strategic expansion positions Polygon as a competitor to Stripe, which has been actively building its own stablecoin infrastructure. Polygon Labs Acquires Coinme and Sequence Polygon Labs has acquired Coinme, a company founded in 2014 ... (full story)