Visa, Mesh partner to enable crypto spending at 175M merchant locations
Mesh will connect crypto and stablecoin wallets to Visa’s global payment network, allowing users to spend digital assets without a separate card.
Visa and Mesh have teamed up to allow consumers to spend cryptocurrency and stablecoin balances directly from digital wallets at merchants across Visa's extensive global payment network. This integration enables users of participating wallets to pay for goods and services in stores or online without the need to transfer funds to a bank account or obtain a separate crypto card.
Visa's network covers more than 175 million merchant locations in over 200 countries and territories, ensuring that the payments can be processed seamlessly. Mesh will manage the transaction funding and conversion between various cryptocurrencies, stablecoins, and fiat currencies, while also handling customer onboarding and Know Your Customer (KYC) requirements.
Merchants will receive payments through Visa's existing network without having to modify their checkout systems. The partnership comes after Mesh's integration with Bybit Pay in September and its recent $75 million funding round led by Dragonfly, which valued the company at $1 billion.
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