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Polygon enters payments business via Coinme acquisition, forecasts profit by 2027

CryptoProwl +1 ·

V Visa Inc
$402.61 +0.72%
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  1. 1Polygon Labs (POL) completed its acquisition of US-regulated cryptocurrency payment provider Coinme on Wednesday
  2. 2CEO Mark Boiron stated that the regulated payments business will turn profitable by 2027
  3. 3Visa (V) payment volume was 12.3 trillion dollars in fiscal year 2025 and Stripe was 1.9 trillion dollars, showing a large gap with Polygon

So what's the key point?

Polygon has started a payments business by purchasing a company that exchanges crypto and fiat currency. The scale is much smaller than Visa or Stripe, so Polygon is still in the process of catching up.

Source CryptoProwl +1 · View original ↗

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