Polygon Labs is acquiring Coinme and Sequence for a total of $250 million as part of its shift toward becoming a regulated payments company. Coinme, which operates over 6,000 kiosks in partnership with Coinstar, allows customers to convert cash into cryptocurrency at retail locations across the U.S. This acquisition positions Polygon to enhance its toolkit for managing digital assets, making it easier for businesses to integrate blockchain technology. CEO Marc Boiron sees Coinme’s service as a significant onboarding method for newcomers to crypto. Sequence, previously known as Horizon Blockchain Games, specializes in smart wallets and payment routing technology across different blockchains. The acquisitions align with Polygon's strategy to generate revenue, moving away from solely enhancing the value of its native token, POL (formerly MATIC). Boiron pointed out that revenue can be generated through transaction fees charged by Coinme, with Coinstar's kiosks imposing service fees up to 12.9% and a $0.99 transaction fee. Polygon's recent launch of the Open Money Stack aims to provide a comprehensive suite of financial services, focusing on payments, lending, and remittances, while emphasizing interoperability. The toolkit also includes features like on-chain identities and wallet recovery options, appealing to developers. With these moves, Polygon looks to strengthen its foothold in the payments sector and improve user experience, marking a notable pivot in its business strategy. The acquisition of Sequence is expected to finalize soon, while Coinme's deal will close later this year.