Mesh makes stablecoin and crypto balances spendable across Visa network

This partnership between Mesh and Visa marks a major shift in how digital assets function at the point of sale. For years, crypto has been a difficult payment method for average retailers to accept due to technical hurdles and volatility. Now, Mesh is integrating its crypto-connectivity directly with the Visa network. This allows customers to spend their stablecoin and cryptocurrency balances anywhere Visa is accepted. For your business, this means the 'crypto barrier' is effectively dissolving. You won't necessarily need to set up a specialized crypto wallet or navigate complex exchanges to tap into this market. The system works by bridging digital assets into the traditional payment rails you already use. This increases the purchasing power of customers who hold significant wealth in digital wallets but previously couldn't use it for everyday purchases like furniture, auto repairs, or elective medical procedures. As stablecoins become more regulated and mainstream, this bridge provides a smoother checkout experience. It reduces friction for a high-net-worth demographic and ensures that digital currency is no longer a 'locked' asset. The focus here is on usability. Retailers can benefit from increased transaction volume without changing their current payment processing infrastructure. It effectively treats a crypto balance like any other liquid debit or credit account during the transaction process.

Source: Finextra — Lending

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