Polygon sees Coinme acquisition as entry to payments sector dominated by Visa, Stripe
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Polygon Labs expects its regulated payments business to become profitable in 2027 as it moves beyond blockchain infrastructure to enter the payments processing industry dominated by companies such as Visa (V) and Stripe, CEO Marc Boiron told CoinDesk.
Key facts
- Visa’s payments volume in fiscal 2025 topped $12.3 trillion, while Stripe hit $1.9 trillion
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- Polygon Labs expects its regulated payments business to become profitable in 2027 as it moves beyond blockchain infrastructure to enter the payments processing industry dominated by companies such
- For Polygon, the challenge is no longer simply persuading companies to use its blockchain
Summary
Polygon Labs expects its regulated payments business to become profitable next year as it expands beyond blockchain infrastructure into payment processing. The acquisition of Coinme allows Polygon to manage conversions among cryptocurrencies, stablecoins and traditional currencies while retaining customer relationships and collecting payment fees. Polygon will enter an industry dominated by companies including Visa and Stripe, and its unified payments platform remains in technical preview with a small group of early users. The company, the developer of the Polygon blockchain, said Wednesday that it completed the acquisition of Coinme, a U.S.-regulated crypto payments provider, giving the Cayman Islands-based company the ability to handle conversions between cryptocurrencies, stablecoins and traditional money using its own resources.