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Polygon expanding its stablecoin payment infrastructure to Solana BlockBeats reports that October 29,Polygon Labs said it has integrated Solana into its Open Money Stack payment platform, enabling businesses to complete bank settlement, cross-chain fund transfers, and payee disbursements through a single integration. Early customers include payment service provider Kira, which CEO said it is already using Solana to transfer stablecoins, and that after partnering with Polygon it can convert the funds into USD and deposit them into customers’ bank accounts to pay suppliers. The stack also connects Polygon、Ethereum and TRON.

The integration comes as Solana completed the Alpenglow consensus upgrade last week, reducing transaction finalization time from approximately 12.8 seconds to 150 milliseconds. The Solana Foundation’s head of product said the network has processed more than 2026 years of stablecoin transaction volume. 5500000000000 USD Stablecoin trading volume.Polygon also completed its acquisition of Coinme earlier this month, obtaining money transmitter licenses and exemptions covering 48 states in the United States.

Original link https://m.theblockbeats.info/flash/374413