Mesh and Visa plan payments from crypto balances

Mesh and Visa announced a partnership to let customers spend eligible cryptocurrency, stablecoin and fiat balances through Visa’s merchant network without first withdrawing funds or obtaining a separate payment card. The companies said the proposed service would reach more than 175 million merchant locations, but they have not announced when it will launch or which wallets and assets will be supported. The arrangement is designed to connect participating digital wallets and cryptocurrency platforms to Visa’s payment system. A Visa credential would be used in the background, while Mesh would manage transaction funding and conversion. Merchants would receive payment through Visa’s existing infrastructure rather than directly in cryptocurrency, and would not need to change their checkout systems, according to the companies. The service is intended to let customers pay from supported balances without cashing out or moving funds to a bank account first. The announcement described a model in which wallet providers could connect through a single Mesh integration. Details of the specific participating platforms, supported devices and initial regions remain pending. The reported...