Visa And Mesh Want Crypto Wallet Balances To Work At 175 Million Merchants

TL;DR: Mesh and Visa have announced a partnership intended to let consumers spend cryptocurrency and stablecoins from participating wallet apps wherever Visa payments are accepted. Holding stablecoins is one thing. Actually spending them in a shop usually involves moving funds to an exchange, selling them, or relying on a separate payment product. Visa and Mesh are pitching a way to make that process less visible to the customer. Under their newly announced partnership, Mesh’s payment infrastructure will connect eligible crypto wallet balances with Visa’s acceptance network, spanning more than 175 million merchant locations. The ambition is to support both online and in-person spending without requiring customers to manually cash out their tokens first. Visa supplies the acceptance infrastructure. Mesh provides the orchestration layer responsible for connecting wallet balances to a payment made in the currency a merchant expects to receive. It’s a potentially significant distribution arrangement for digital asset payments, but the announcement is not the same as saying every crypto wallet already works in every shop. Participating apps, market availability and the precise rollout r