Mesh Partners With Visa to Enable Crypto, Stablecoin Payments at 175 Million Merchants Worldwide
JH Kim
Summary
- Mesh said it has partnered with global payments company Visa to support offline payments using cryptocurrencies and stablecoins.
- Through the partnership, users can now pay with cryptocurrencies and stablecoins held in their wallet apps at more than 175 million offline merchants worldwide.
- Mesh said it will automatically handle the conversion of assets and payment processing required during checkout, expanding the use of held cryptocurrencies in offline payments.
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Crypto financial infrastructure firm Mesh has partnered with global payments company Visa to support in-store payments using cryptocurrencies and stablecoins.
Cointelegraph reported on Oct. 19 that Mesh worked with Visa to build a system that lets users pay with cryptocurrencies and stablecoins held in their wallet apps at more than 175 million physical merchants worldwide.
Through the partnership, users can make purchases at participating merchants without first selling their crypto holdings or converting them into fiat currency.
Mesh automatically handles the asset conversion and payment processing required for each transaction, allowing users to use their crypto holdings for offline payments.
JH Kim
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