Mesh expands crypto payments access through Visa merchant network

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Mesh expands crypto payments with Visa

Highlights

Mesh partnered with Visa to enable users to spend crypto and stablecoin balances from participating wallets at over 175 million merchant locations globally.
The integration generates a Visa credential behind the scenes, allowing in-store and online payments without pre-selling crypto or merchants changing acceptance setups.
Mesh's infrastructure, now backed by over $130 million in funding and reaching unicorn status after a $75 million Series C in January, continues Visa's push to connect digital assets to its network.

Wallet-based spending model and rollout details

As reported by The Block, Mesh has partnered with Visa to let users spend cryptocurrency and stablecoin balances held in participating wallet apps at more than 175 million merchant locations worldwide.

The integration provisions a Visa credential behind the scenes, enabling payments online and in stores while Mesh manages transaction funding and asset conversion. The company says users do not need to sell or transfer holdings in advance, and merchants do not need to change their existing acceptance setup.

In a release, Bam Azizi, Mesh's CEO and co-founder, says crypto has not lacked spending demand but has faced a "last-mile" problem, with separate cards previously serving as the main bridge to checkout. Mesh says its infrastructure turns wallet balances into purchasing power at the moment of payment.

Visa's broader crypto payments push

Mesh is a crypto payments infrastructure company that also powered PayPal's "Pay with Crypto" launch. In August 2025, PayPal Ventures, Coinbase Ventures and other backers lifted Mesh's total funding past $130 million, and the company reached unicorn status after a $75 million Series C led by Dragonfly in January.

The partnership also extends Visa's broader effort to connect digital asset holdings to its merchant network. In April, Visa and WeFi planned a product allowing users to spend digital assets while keeping control of crypto in self-custody wallets, and last year Visa and Bridge partnered on card issuance backed by stablecoin balances, with Bridge handling back-end processing and currency conversion.

In our earlier report on Philippine e-commerce payment habits, we noted that cash-on-delivery still makes up a sizable share of online purchases even as QR and bank-transfer use accelerates. The piece highlighted that many shoppers abandon checkouts if their preferred method isn’t available, increasing pressure on merchants to support more payment options while strengthening security as digital payments grow.

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