Cayman IslandsPolygon now keeps conversion fees that once went elsewhere.

CEO Marc Boiron says rival blockchains paid payment companies to move transactions away from Polygon.

Coinme, a US-regulated crypto payments provider, lets Polygon convert crypto, stablecoins and cash itself instead of handing customers off.

Visa processed $12.3 trillion in fiscal 2025, Stripe $1.9 trillion, and Polygon’s platform is still a technical preview.

Polygon Labs expects its payments business to turn profitable in 2027.

How each outlet framed it
CoinDesk
frames Polygon as a payments company that uses blockchains only to move money, aiming for profit in 2027

Sources: CoinDesk