Polygon (MATIC) Nears Acquisition of Bitcoin ATM Giant Coinme, Sources Reveal

The Ethereum scaling solution Polygon is in advanced talks to acquire Coinme, a major operator of Bitcoin kiosks and cryptocurrency cash networks, according to insider sources. This strategic move signals Polygon's ambitious expansion beyond layer-2 solutions into the physical cryptocurrency onboarding space. Acquiring Coinme, which boasts one of the largest networks of Bitcoin ATMs in the United States, would allow Polygon to bridge the gap between digital assets and real-world cash transactions, potentially driving greater adoption of its MATIC token and ecosystem. The deal, if finalized, represents a significant consolidation in the crypto infrastructure sector, highlighting the growing convergence between blockchain scaling technologies and traditional financial access points. Analysts suggest this could enhance Polygon's utility and user base by integrating offline fiat gateways with its high-speed, low-cost network.