Boiron: Traditional Banks Slow Cross-Border Payments

Marc Boiron of Polygon Labs says traditional banks hinder cross-border payments. Companies struggle to pay contractors in Brazil, and he believes this should be easier.

The Polygon Open Money Stack is designed for payroll companies and marketplace platforms. It provides access to fiat channels, custodial wallets, compliance, routing, and settlement through a single API.

Companies like Toku and Deel have started using Polygon to pay contractors. The technical preview is available to selected partners, allowing them to make mass payments in seconds with costs as low as a fraction of a cent.