Polygon integrates Solana for seamless cross-chain payments
6.6 Banking Polygon Labs integrates Solana into its Open Money Stack, enabling seamless bank and crypto payments, cross-chain transfers, and global payouts via a single API, streamlining operations for businesses.
Polygon Labs has integrated Solana into its Open Money Stack, enabling businesses to connect bank accounts, digital wallets, and process cross-chain transfers and global payouts through a single API. This integration allows companies building on Solana to access both banking and cryptocurrency payment channels, move funds between networks like Polygon, Ethereum, and TRON, and deliver payments in preferred currencies. By streamlining operations, the integration reduces the need for multiple payment providers and technical integrations. It offers features such as fiat conversion, custodial wallets, compliance tools, and cross-chain routing. Kira is among the first adopters, providing USD accounts and stablecoin payouts for fintechs, OTC desks, and import brokers. Polygon’s acquisition of Coinme extends its U.S. payments coverage, and the platform has processed trillions in stablecoin transfer volume. This move is expected to enhance user experience, increase on-chain activity, and attract more businesses to both the Polygon and Solana ecosystems.
