Polygon, the Ethereum Layer 2 blockchain designed to hurry up transactions and cut back charges, is near buying Coinme, one of many first Bitcoin ATM kiosk suppliers within the U.S., in line with two folks accustomed to the matter.
Polygon is contemplating buying the kiosk supplier for $100 million to $125 million and is receiving recommendation from Architect Companions, one of many folks stated. The particular person spoke on situation of anonymity as a result of the matter is personal.
Coinme had not commented on the time of publication. Polygon declined to remark.
Coinme launched its first licensed Bitcoin ATM on Could 1, 2014 and has since operated Bitcoin ATMs in roughly 49 states in america. The corporate has since added quite a lot of in style crypto tokens to its grocery retailer kiosks, CoinDesk reported in 2022.
Polygon raised $450 million in a funding spherical led by Sequoia Capital India in 2023.
Learn extra: Polygon Labs launches 'Open Cash Stack' to energy borderless stablecoin funds
