Polygon Labs announced the acquisition of crypto platform Coinme, the first licensed Bitcoin ATM operator in the United States. This acquisition enables Polygon’s Open Money Stack structure to become a regulated payment platform, now covering 48 states with 37 money transmitter licenses and a FinCEN registration. The infrastructure allows businesses to integrate payment flows in stablecoins and fiat currencies through a single API. Several companies including Tazapay, Mesh, Toku and Kira have already adopted the service for cross-border business payments, account funding and global payroll.
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