Polygon has acquired cryptocurrency companies Coinme and Sequence for over $250 million, marking a strategic move to enhance its global payment infrastructure. Coinme, known for its cash-to-cryptocurrency exchange services and extensive ATM network in the U.S., and Sequence, which provides on-chain infrastructure services, will bolster Polygon's stablecoin and payment strategy. This acquisition positions Polygon to compete with fintech giants like Stripe by integrating physical and digital financial gateways. The acquisition also secures essential licenses for Polygon, including a Money Transmitter License, allowing it to facilitate cash-to-crypto conversions at retail locations. This move is part of Polygon's broader strategy to evolve from an Ethereum scaling solution to a foundational payment and tokenization platform. Additionally, Polygon aims to increase its transaction processing capabilities to 100,000 TPS within two years, enhancing its competitiveness in the stablecoin payment sector. Polygon's integration with fintech giants such as Revolut, Flutterwave, and Mastercard further solidifies its position in the global payment network. These partnerships enable low-cost stablecoin transfers, cross-border payments, and secure identity solutions, driving significant transaction volumes and user engagement on the Polygon network.