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Polygon Labs CEO: The acquisition of Coinme is in its final stage, and the company has announced layoffs

2026-07-18 20:02:50

PANews July 16 reported, Polygon Labs CEO Marc Boiron said on X that the company has entered the final stage of completing its acquisition of Coinme, involving integrating the Coinme team into Polygon Labs. As part of the company’s shift into a blockchain payments company, it will lay off staff. The move is intended to transform Polygon from a blockchain foundation into a payments company with stronger profitability, with the goal of reaching profitability in 2027.

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