Mesh, a crypto payments company, has secured over $130 million from investors like PayPal Ventures, Coinbase Ventures, Uphold, ByBit’s Mirana Ventures, SBI Investment, and others. According to the press release, the funding will help Mesh grow its technology and reach more users and platforms around the world. Most of the money was sent using PayPal’s stablecoin, PYUSD, showing how Mesh can make fast, safe payments using digital money.
Mesh’s technology already powers PayPal’s “Pay with Crypto” feature, which lets people pay with over 100 different wallets and crypto. Meanwhile, its SmartFunding engine quickly changes crypto into stablecoins, letting merchants get paid in the currency they want. This fixes the problem when customers and merchants like different types of money, making payments easy and fast.
Bam Azizi, CEO and Co-Founder of Mesh, said, “Mesh is uniquely positioned to enable broad usability by streamlining access to wallets and exchanges and orchestrating real-time asset conversion to stablecoins, powering payments, funding and settlement with zero operational friction.” He added that the company wants to make it easy for anyone to pay with any asset, anytime.
Amman Bhasin, Partner at PayPal Ventures, said they are increasing their support because Mesh has shown it can provide security, compliance, and scale. “We’re proud to back this outstanding team and pleased to be working with them in support of their vision for global crypto payments,” he added.
Mesh has connected with big exchanges like Coinbase, Binance, ByBit, and OKX, reaching hundreds of millions of crypto users. This new funding will help the company expand its APIs, create more products, and connect to more payment platforms, which in turn will enable businesses to accept crypto more easily.
Notably, Stablecoins are now worth over $200 billion and handle $27.6 trillion in transactions. With Mesh’s SmartFunding making it easy for people and merchants to use these digital coins for everyday payments, the company is pushing toward a future where anyone can pay with any type of money, anywhere in the world.
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