Mesh and Visa Partner to Let Users Spend Crypto at 175…
By Abdelaziz Fathi
AI summary of the source article
Visa and crypto infrastructure provider Mesh have partnered to enable consumers to spend cryptocurrency and stablecoins directly from participating digital wallets across Visa's network of more than 175 million merchant locations.
Why it matters
The text states that "the partnership could expand crypto's usefulness for everyday payments without requiring retailers to adopt blockchain technology" while allowing Visa to maintain "its existing role in merchant acceptance even when the underlying source of funds originates from blockchain-based assets."
Key facts
- Visa and Mesh announced a partnership on October 19 to enable wallet-based crypto and stablecoin payments at over 175 million merchant locations.
- Mesh will manage customer onboarding, KYC, and real-time conversion so merchants receive conventional payments through Visa's infrastructure.
- The model integrates Visa payment credentials directly into participating wallet applications, removing the need for preloading or separate physical cards.
Source excerpt · FinanceFeeds
Visa (NYSE: V) and crypto payments infrastructure provider Mesh announced a partnership on October 19 that will allow consumers to spend cryptocurrency and stablecoin balances directly from participating digital wallets across Visa's network of more than 175 million merchant locations. The arrangement removes the need for customers to transfer funds to bank accounts, preload payment cards or manua…