Polygon's Big Pivot: Why the Network Is Pivoting to Payments and What It Means for POL

Polygon is shifting to become a U.S. regulated payments platform by acquiring Coin.me and Sequence, aiming to move all money on-chain. Polygon will focus on becoming a sector-specific chain centered on payments, offering an API that simplifies money movement for fintechs, banks, and enterprises. The acquisition of Coin.me provides crypto-as-a-service, including unique cash on-ramp capabilities, while Sequence offers wallets and cross-chain interoperability solutions. These acquisitions will enable Polygon to provide a comprehensive stack including a chain, on/off ramps, wallets, and cross-chain capabilities. Polygon’s CEO, Mark Boyron, believes that by driving volume to the chain, the value of the Polygon token will increase. He also highlights Polygon's global distribution and experience with enterprises as key advantages in the competitive stablecoin space.