Polygon Labs CEO Marc Boiron said that following the Coinme acquisition, they are focusing on new revenue streams in the payments business and expect the business line to become profitable in 2027.
Polygon’s developer does not want to settle for simply providing the blockchain that transfers run on. In an interview with CoinDesk, Boiron said he now sees the company less as a business competing with other blockchains and more as a payments-focused company that uses blockchain to move money. Its new goal is to capture a share of the payment processing market, dominated by giants such as Visa and Stripe.
At the center of this strategy is Coinme, a U.S.-regulated crypto payments provider whose acquisition was completed on Wednesday. Having previously expanded its U.S. reach through the Coinme acquisition, Polygon will be able to handle conversions between cryptocurrencies, stablecoins, and traditional money in-house. Boiron’s latest comments focus on how this infrastructure will be turned into revenue and the timeline for profitability.
Polygon wants a share of the fees going to others
Until now, Polygon provided the blockchain infrastructure for transactions, but customers were often directed to another company when moving money into or out of the network. With Coinme, Polygon Labs will be able to handle a larger share of conversion and transfer services, and the fees from those transactions could contribute to the company’s revenue.
According to Boiron, the benefits are not limited to fees. Managing customer relationships directly will also give the company more control over which network payment flows take place on. The CEO alleged that rival blockchains are offering financial incentives to payment companies to move their transactions from Polygon.
Revenue from payment services and blockchain transaction fees are separate items. While network transaction fees can be less than a cent, payment services can charge fees based on the value of the money transferred. Boiron said network fees cover token emissions, and that millions of dollars in fees also go to validators and those who stake their tokens.
Profitability expected in 2027; integration still in preview
Boiron expects the regulated payments business to become profitable in 2027. However, the company is still at the beginning of its journey toward reaching the scale of established giants. Visa’s payment volume in fiscal year 2025 exceeded $12.3 trillion, while Stripe’s volume that year topped $1.9 trillion.
Moreover, these companies are also entering the stablecoin market. As Stripe develops stablecoin payments, Visa has added Polygon to the networks it uses for stablecoin settlement. As a result, Polygon is part of the same ecosystem as the companies it aims to compete with in payments, on the infrastructure side.
Open Money Stack, introduced in January, is another part of the strategy to facilitate stablecoin payments and cross-border transfers. Tazapay, Mesh, Toku, and Kira are among the platform’s first users. However, the unified integration is still in the technical preview stage and is not yet available for general customer use.
Not investment advice.