Key Takeaways
- • Visa has partnered with crypto payments infrastructure provider Mesh to let consumers spend crypto and stablecoin balances at more than 175 million merchant locations.
- • Consumers can complete purchases without first moving their funds into a bank account.
- • Mesh handles funding and conversion at the point of each transaction, according to the original report.
Summary
Visa has partnered with Mesh, a crypto payments infrastructure provider, to extend crypto and stablecoin spending to more than 175 million merchant locations. The arrangement allows consumers to spend balances held in crypto and stablecoins directly at the point of sale, without first converting and transferring those funds to a bank account.
According to the original report, Mesh manages the funding and conversion steps at the point of each transaction. The publisher summary indicates that this structure is designed so that merchants can continue accepting payments as they do today, while the crypto-to-fiat conversion is handled by Mesh in the background.
The partnership brings stablecoin and crypto balances into Visa's merchant acceptance network, a development relevant to institutions tracking the integration of digital assets into mainstream payment rails.
According to the original report, Mesh manages the funding and conversion steps at the point of each transaction. The publisher summary indicates that this structure is designed so that merchants can continue accepting payments as they do today, while the crypto-to-fiat conversion is handled by Mesh in the background.
The partnership brings stablecoin and crypto balances into Visa's merchant acceptance network, a development relevant to institutions tracking the integration of digital assets into mainstream payment rails.
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