Ethereum Layer 2 network Polygon is close to acquiring the US Bitcoin ATM operator Coinme, with a transaction price expected to be between $100 million and $125 million. Architect Partners is serving as an advisor for Coinme's sale. Coinme launched its first licensed Bitcoin ATM on May 1, 2014. Currently, its operations cover approximately 49 states in the US and support multiple cryptocurrencies on self-service terminals at some retail locations. (CoinDesk)

Polygon's move is quite interesting. This Ethereum Layer 2 network has been planning a major deal—aiming to bring the largest Bitcoin ATM operator in the US, Coinme, under its umbrella. According to information, the transaction amount is approximately between $100 million and $125 million. Architect Partners is involved as an advisor for the deal. Coinme's background is impressive. As early as May 1, 2014, it launched the first licensed Bitcoin ATM, making it a pioneer in this space. To this day, Coinme's Bitcoin ATMs are spread across about 49 states in the US, becoming an important gateway for cryptocurrency entry. If this acquisition goes through, what does it mean? Polygon could directly secure a nationwide cash access point. For ordinary users wanting to engage with crypto assets, the value of a physical ATM network is self-evident. This also reflects Polygon's active efforts to expand its ecosystem and compete for user touchpoints.