Polygon completes Coinme buy as 6,000 crypto ATMs head for shutdown

Crypto Insight Summary: Polygon Labs has completed its acquisition of Coinme, which gives it 37 state money-transmitter licenses and 11 exemptions, all of which will be integrated into its Open Money Stack. Polygon set out to make some acquisitions at the start of the year to give it access to stablecoin payments in the US, and Coinme’s acquisition... Crypto Insight Analysis: Direction: Bullish MATIC Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Acquisition enhances Polygon's regulatory standing and payment capabilities in the US.