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Mesh and Visa Make Stablecoin Balances to Everyday Purchases

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Mesh and Visa Make Stablecoin Balances to Everyday Purchases

Visa has teamed up with crypto payments network Mesh to enable customers to spend their crypto and stablecoin balances as they would fiat currency. The two are combining Visa’s global acceptance network with Mesh’s orchestration infrastructure to allow consumers to pay in-store and online from the crypto and stablecoin balances in their wallet apps.

Mesh was founded in 2020 to enable easy payment across hundreds of exchanges, wallets, and providers. Today, the fintech has more than 200 enterprises using its network. According to Crypto.com, there are 774 million crypto owners across the globe, but they spend hardly any of the crypto they hold because of the friction involved to convert it to fiat currency. That’s because customers have traditionally had to cash out their crypto to a bank account and wait or sign up for a payment card tied to a single platform. Among Mesh’s customers are Kalshi, Tools for Humanity, Félix Pago, Majority, and KAST.

“Crypto never had a spending problem—it has a last-mile problem, and until now, closing it meant getting a separate card,” said Mesh CEO and Co-founder Bam Azizi. “Mesh handles the funding and conversion, so a balance becomes purchasing power at the moment of payment, with nothing for the user to move and nothing for the merchant to change. We think your money should be spendable right where it already lives. With Visa and Mesh, it is.”

Visa’s payment network exceeds 175 million merchant locations across more than 200 countries and territories, creating a large footprint where consumers can spend funds that were previously difficult to spend.


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