Polygon Labs Launches Open Money Stack for Seamless Cross-Border Transactions

Polygon Labs Launches Open Money Stack

Polygon Labs introduces "Open Money Stack," a modular platform for seamless, cross-chain transactions between fiat and cryptocurrencies.
Aims to provide a rampless experience for institutions and clients, facilitating global money movement for consumers, businesses, and AI agents.
Seeks to become a backbone platform in the interoperable onchain global fintech economy.
Open Money Stack will offer yield opportunities, card programs, rewards, and invisible crypto-to-fiat, fiat-to-crypto, and cross-chain conversions.
Intends to create an open stack allowing vendors to select necessary support modules without compromising interoperability.
Aims to make sending and receiving money a "one tap" experience with background fee abstraction and options for hosted wallet creation or self-custody.
Positions Open Money Stack as the TCP/IP equivalent for money, enabling instant global payments in chosen currencies without gas fees.
Polygon Labs envisions it as a key application driving mainstream adoption of digital assets.