Visa, Mesh partner to enable crypto spending at 175M merchant locations
Quick Look
Visa and crypto payments network Mesh have partnered to allow consumers to spend cryptocurrency and stablecoin balances directly from digital wallets at merchants across Visa’s global payment network, with Mesh handling conversion and KYC while merchants receive payments through Visa’s existing system without changes.
AI-generated summary
Why It Matters
Mesh previously integrated with Bybit Pay in September to allow spending from exchange balances and raised $75 million in January from Dragonfly at a $1 billion valuation.
Visa and crypto payments network Mesh have partnered to allow consumers to spend cryptocurrency and stablecoin balances directly from digital wallets at merchants across Visa’s global payment network.
The integration will allow users of participating wallets to pay in stores or online without transferring funds to a bank account or obtaining a separate crypto card, according to a Monday announcement from Mesh. Merchants will receive payments through Visa’s existing network without changing their checkout systems.
Visa’s network covers more than 175 million merchant locations across over 200 countries and territories. Mesh said participating wallets, supported devices and launch dates will be announced as rollout plans are finalized.
Mesh will handle transaction funding and conversion between cryptocurrencies, stablecoins and fiat currencies, with Visa payment credentials provisioned through participating wallet apps. The company will also manage customer onboarding and Know Your Customer (KYC) requirements.
The partnership follows Mesh’s integration with Bybit Pay in September, allowing users to spend directly from their exchange balances on supported platforms. In January, Mesh raised $75 million in a Dragonfly-led funding round that valued the company at $1 billion.
What to Watch
AI outlook — possibilities, not facts
More digital wallet providers will integrate with Mesh to offer Visa-compatible crypto spending
Likely · Within months
Open Questions
- Which specific wallets will participate in the Visa-Mesh integration?
- What are the exact launch dates for the rollout?
- Which cryptocurrencies and stablecoins will be supported initially?
