Polygon Labs CEO: Payments business will achieve profitability in 2027

PANews October 18 news, according to CoinDesk, as Polygon Labs completes its acquisition of Coinme, Polygon Labs CEO Marc Boiron stated that the company is transitioning from the blockchain infrastructure sector to the payment processing industry and expects its regulated payment business to achieve profitability in 2027. The unified payment platform is currently still in the technical preview stage, with its first batch of customers including Tazapay, Mesh, Toku, and Kira.

Previously reported, Polygon Labs completed the acquisition of Coinme, and Open Money Stack became a regulated payment platform in the United States.