Polygon Labs, that most enterprising of crypto sorcerers, has inked binding pacts with the devil (or perhaps a particularly well-dressed venture capitalist) to acquire Coinme and Sequence for a cool quarter-of-a-billion dollars. One can only imagine the champagne-soaked celebrations in Web3’s penthouse suites. 🍾
Coinme, a digital alchemist since 2014, shall now merge with Sequence, a company that evidently specializes in “smart wallets” and “cross-chain engines”-a fancy way of saying “we shuffle your money around while charging fees.” Together, they’ll build Polygon’s “Open Money Stack,” a term that sounds suspiciously like a pyramid scheme disguised as blockchain innovation. 🏗️
Coinme, with its 50,000 retail locations (because who isn’t desperate to buy crypto at a gas station?), boasts 1 million users and “major partners.” One wonders if these partners include the ghosts of Satoshi Nakamoto and a very confused Starbucks. ☕
Sequence, founded in 2017, offers “1-click cross-chain engines”-a marvel of modern engineering, or a trapdoor leading to financial oblivion? Either way, Polygon claims they’ve processed $1 billion in off-chain sales and $2 trillion on-chain. A feat that would make Scrooge McDuck blush… or invest. 🦆
The Sequence deal will close this month (fingers crossed for regulatory whimsy!), while Coinme’s acquisition looms until Q2 2026. A span of time long enough for humanity to invent teleportation-or for Polygon’s stock price to crash. Only time will tell, dear reader. ⏳
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2026-01-14 13:42