Mesh Signs Visa Deal to Turn Wallet Crypto and Stablecoin Balances Into Card-Free Payments
By Unchained
AI summary of the source article
Mesh has partnered with Visa to enable consumers to pay at Visa merchants directly from crypto and stablecoin balances in wallet apps without a dedicated card. Mesh converts balances at checkout, allowing merchants to receive standard Visa payments.
Why it matters
Visa's global head of growth stated that "working with Mesh helps expand how digital asset balances can connect to the trusted payment experiences consumers and merchants rely on every day."
Key facts
- Mesh and Visa announced a partnership on Oct. 19 to facilitate card-free payments directly from crypto and stablecoin wallet balances.
- Mesh sets up background Visa credentials, converts funds at the point of sale, and manages onboarding and KYC checks.
- Mesh previously raised $75 million in a Series C round led by Dragonfly at a $1 billion valuation.
Source excerpt · Unchained
Mesh would act as program manager for participating wallets, with a Visa credential set up in the background so users can pay from crypto and stablecoin balances, and neither company has said when it starts. The post Mesh Signs Visa Deal to Turn Wallet Crypto and Stablecoin Balances Into Card-Free Payments appeared first on Unchained .