Mesh, a global cryptocurrency payment network, opened Apple Pay's integration in a public demonstration during the token2049 conference on May 1st.
The product allows mesh partner merchants to accept payments in the form of cryptocurrency through the Apple Pay Digital Wallet. Customers can make payments using top crypto assets such as Bitcoin, Ethereum, or Solana, along with transactions fixed using stablecoins including USDC, USDT, and PUSUD.
“We believe that once crypto payments are seamless such as Fiat payments, there is nothing left to stop moving the mass of global commercial on blockchain metals,” said Bam Azizi, CEO and co-founder.
Integration supports crypto payments online and to point-of-sale terminals. The product is expected to live before Q3 2025.
Mesh attracts backing from crypto heavyweights
Mesh emerging as a contender within the crypto payment sector, with the company closing a $ 82 million The funding of the series B funding featuring backing from some leading web3 investment companies on March 11.
The cycle was led by the paradigm, and also featured participation from consensiss, quantumlight, and yolo investments. Mesh has now raised more than $ 120 million in total, including Paypal Ventures, Galaxy Ventures, and MoneyForward previously supported the company.
Most of the funds raised through the series B Round came in the form of Paypal's pyusd stablecoin.
On March 26, Mesh launched a crypto payment app at the Shopify App store, allowing Shopify traders to accept digital displays using stablecoins.
MESH is currently available to 400 million users in more than 100 countries due to coinbase, metamask, and revolut cooperation.
“Stablecoins shows the one biggest opportunity to interrupt the payment industry from the invention of credit and debit cards,” Azizi said.
According to Defi Llama, the Stablecoins market cap is at an all-time high $ 242 billion after 2.31% in seven days.
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