Polygon, the Ethereum scaling platform, is in advanced discussions to acquire a Bitcoin ATM operator, with negotiations potentially valuing the deal between $100 million and $125 million according to industry sources. The acquisition reflects Polygon's strategic expansion into Bitcoin infrastructure and represents a notable move in the broader cryptocurrency ecosystem consolidation. Such a move could strengthen Polygon's position in bridging Ethereum and Bitcoin liquidity while expanding its reach into physical cryptocurrency access points.
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FadCatcher
· 3h ago
Polygon's move to buy Bitcoin ATMs is really acting like a big shot who thinks they can do everything.
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FOMOmonster
· 01-08 22:48
Is Polygon really going all-in this time, directly buying Bitcoin ATMs? Over 100 million dollars... Are they really trying to connect ETH and BTC, or is this just another hype concept?
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LiquidityWitch
· 01-08 22:47
Polygon really thinking what, insisting on competing with BTC for a slice of the pie...
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CoffeeNFTs
· 01-08 22:44
Polygon is trying to stir things up again, this time targeting Bitcoin ATMs? Basically, they just want to have their cake and eat it too.
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StableGeniusDegen
· 01-08 22:43
Polygon is causing trouble again, this time targeting BTC ATMs? Throwing over 100 million just to set up some offline locations?
Polygon, the Ethereum scaling platform, is in advanced discussions to acquire a Bitcoin ATM operator, with negotiations potentially valuing the deal between $100 million and $125 million according to industry sources. The acquisition reflects Polygon's strategic expansion into Bitcoin infrastructure and represents a notable move in the broader cryptocurrency ecosystem consolidation. Such a move could strengthen Polygon's position in bridging Ethereum and Bitcoin liquidity while expanding its reach into physical cryptocurrency access points.