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ZEC $1,134 Visa and Mesh link crypto wallets to 175 million merchant locations
The partnership lets supported wallet users pay from crypto and stablecoin balances, with launch dates and participating wallets still unannounced.
Key takeaways
- Reach is broad. Visa's network covers more than 175 million merchant locations across over 200 countries and territories.
- Launch is open. The companies have not disclosed when the service will become available or which wallets will support it at launch.
- Mesh is funded. Mesh raised $75 million in a Dragonfly-led round in January that valued it at $1 billion.
What happened
Visa and crypto payments network Mesh have partnered to let consumers spend cryptocurrency and stablecoin balances directly from digital wallets at merchants on Visa's global payment network. Users of participating wallets can pay in stores or online without moving funds to a bank account or getting a separate crypto card, according to a Monday announcement from Mesh.
Visa's network covers more than 175 million merchant locations across over 200 countries and territories. Merchants will receive payments through Visa's existing infrastructure without changing their checkout systems. Mesh will handle transaction funding and conversion between cryptocurrencies, stablecoins and fiat currencies, and will manage customer onboarding and Know Your Customer requirements.
Mesh said participating wallets, supported devices and launch dates will be announced as rollout plans are finalized. The companies have not disclosed when the new service will become available or which cryptocurrency wallets will support it at launch.
Why it matters
The arrangement connects digital wallets and crypto platforms to Visa's payment network through Mesh's transaction processing infrastructure, so wallet providers can offer the service through a single integration without building their own card programs. Merchants still receive payments through conventional rails, and the arrangement does not mean they receive cryptocurrency directly.
Visa processed $14.2 trillion in payment volume during fiscal 2025, according to figures cited in the announcement. Mesh said its network already serves more than 200 enterprises and connects hundreds of wallets, exchanges and financial platforms.
Background
The partnership follows Mesh's integration with Bybit Pay in September, which allowed users to spend directly from their exchange balances on supported platforms. In January, Mesh raised $75 million in a Dragonfly-led funding round that valued the company at $1 billion.
What is still unclear
- Which wallets, devices and countries will take part at launch, and when the service will go live, remain unannounced.
Questions readers ask
What is the Visa and Mesh partnership?
It is an agreement to connect crypto and stablecoin wallets to Visa's payment network so users can pay from digital asset balances at merchants. Mesh handles funding, conversion and KYC, and merchants keep their existing checkout systems.
How many merchants accept payments through this integration?
Visa's network covers more than 175 million merchant locations across over 200 countries and territories. The companies have not said when the service will be available.
Do merchants receive cryptocurrency?
No. Merchants continue receiving payments through Visa's existing infrastructure, and Mesh handles the conversion needed to complete each transaction.
When did Mesh raise its last funding round?
Mesh raised $75 million in a Dragonfly-led funding round in January that valued the company at $1 billion.
