Visa and Mesh partner to support payments from crypto wallets to merchants

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Visa and Mesh have entered into a partnership to enable users to pay at Visa-accepting in-store and online merchants directly from existing crypto wallet applications using crypto assets and stablecoin balances. Mesh will configure Visa payment credentials in the backend and handle the source of funds and conversions among crypto assets, stablecoins and fiat currencies, while merchants will not need to add new hardware. The Visa network covers more than 175 million merchant locations across more than 200 countries and regions. The service's launch date, supported devices and participating platforms have not yet been announced.