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Visa Partners With Mesh to Enable Crypto Wallet Payments at 175 Million Merchants

(3 hours ago) · 1 source · Summarized by CryptoBipto

Visa has announced a partnership with fintech company Mesh to allow users to spend cryptocurrency directly from their crypto wallets at Visa's network of approximately 175 million merchants worldwide. The collaboration aims to bridge the gap between crypto holdings and everyday retail payments.

WHY IT MATTERS

When you hold cryptocurrency, spending it on everyday purchases like groceries or coffee is usually not straightforward. You typically have to sell your crypto on an exchange, transfer the money to your bank account, and then use a regular debit or credit card. This partnership between Visa and Mesh aims to simplify that process by letting people pay directly from their crypto wallets at stores that already accept Visa. Think of it like a universal adapter — Mesh would connect your crypto wallet to Visa's payment system, so the merchant gets paid in regular currency while you spend from your crypto balance. If widely adopted, this could make cryptocurrency more practical for daily use rather than just something people hold as an investment.

Visa, one of the world's largest payment networks, has partnered with Mesh, a fintech company focused on connecting digital asset accounts, to enable crypto wallet balances to be used for purchases at merchants that accept Visa.

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SOURCES

  • newsbtc.com

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Crypto PaymentsVisa PartnershipMerchant AdoptionDigital Wallets