Polygon Labs, the developer of the Polygon blockchain, has completed its acquisition of Coinme, a U.S.-regulated crypto payment provider. Marc Boiron, CEO of Polygon, stated that the move aims to enter the payment processing industry, dominated by companies like Visa and Stripe, to control customer relationships and capture revenue previously flowing to payment intermediaries. Boiron noted that Polygon no longer views itself as competing with blockchains, but rather as a payment company focused on using blockchains (specifically Polygon) to transfer funds. The company expects its regulated payment business to become profitable by 2027.