Ethereum Layer 2 scaling solution Polygon is set to become an officially recognized and regulated payments platform in the United States following its acquisitions of Coinme and Sequence.
Coinme is a regulated crypto payments company that enables buying and selling cryptocurrency with cash, and Sequence is a modular crypto infrastructure company for data and onchain payments.
According to an announcement on X, the move empowers Polygon with regulated money movement in 48 of the 50 U.S. states, fiat on- and off-ramps, and 50,000 fiat-to-crypto locations nationwide.
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