From rivals to partners: Polygon and Solana team to bring stablecoin payments to banks
Source: CoinDesk ·
From the source
The two networks are setting aside their rivalry to connect Solana's stablecoin activity with Polygon's banking, wallet and payment infrastructure. Polygon and Solana have competed for years for developers, users and transaction volumes. Now, the two blockchain networks are joining forces to make it easier for businesses to move money between cryptocurrencies and traditional bank accounts. Polygon Labs is bringing its Open Money Stack payments infrastructure to Solana, allowing businesses on the rival network to access bank funding, digital wallets, cross-chain transfers and payouts through a single integration. Banks and payment companies are increasingly using stablecoins for transfers and settlement. Meanwhile, Polygon and Solana have spent years competing for blockchain activity. Their agreement gives their customers, mostly businesses, access to both networks without needing to choose one over the other. “Polygon and Solana may compete in certain areas, but Polygon has expanded…