Mesh and Visa partner to let participating digital wallets enable crypto and stablecoin payments across Visa’s global merchant network.
Crypto payments network Mesh has announced a strategic partnership with Visa to make crypto and stablecoin balances usable for payments across Visa’s global acceptance network.
The collaboration is designed to let consumers pay in-store and online directly from wallet apps without having to sell their assets, transfer funds, or preload a separate card. Under the arrangement, a Visa payment credential is provisioned in the background. Consumers can then pay at standard contactless terminals or check out online while merchants receive regular payment.
Mesh says more than 200 enterprises already use its network, and it will coordinate how each transaction is funded and converted across supported crypto, stablecoin and fiat balances.
Bam Azizi, CEO and Co-founder of Mesh, said: “Mesh handles the funding and conversion, so a balance becomes purchasing power at the moment of payment, with nothing for the user to move and nothing for the merchant to change. We think your money should be spendable right where it already lives.”
Rubail Birwadker, Global Head of Growth at Visa, added: “Working with Mesh helps expand how digital asset balances can connect to the trusted payment experiences consumers and merchants rely on every day.”
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