Polygon Labs has completed its acquisition of Coinme, a US crypto payments and cash-access business, gaining 37 state money-transmitter licences, 11 applicable exemptions and registration with the Financial Crimes Enforcement Network (FinCEN). The deal, part of a package including wallet infrastructure company Sequence valued at over $250 million, covers 48 states. The new assets are feeding into Polygon Open Money Stack, targeting cross-border payments and payroll with customers including Tazapay, Mesh, Toku and Kira. The unified platform is being introduced to selected customers, illustrating the growing importance of combining blockchain infrastructure with regulatory permissions in the payments sector.
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