The feature aims to close the 'last-mile' gap that has stalled mass crypto adoption in payments, co-founder and CEO Bam Azizi said.
The feature aims to close the "last-mile" gap that has stalled mass crypto adoption in payments, co-founder and CEO Bam Azizi said. Mesh is introducing Apple Pay support for crypto transactions, converting crypto to stablecoins at checkout.
The feature is planned to launch later this quarter and will allow retailers to accept crypto payments without the need of handling crypto directly.Crypto payments startup Mesh is planning to roll out Apple Pay support for crypto transactions, allowing shoppers to pay with digital assets while settling transactions in stablecoins for merchants. The feature, unveiled during Token2049 in Dubai, converts crypto to stablecoins at checkout using Mesh’s proprietary SmartFunding technology. The system sidesteps the need for merchants to handle crypto directly, offering what Mesh calls a “plug-and-play” payment option through Apple Pay’s interface. This way, brick-and-mortar retailers and webshops can accept crypto payments without the need for building out the necessary infrastructure. Mesh plans to launch the feature later in the second quarter of the year. “We believe that as soon as crypto payments are as seamless as fiat payments, nothing is left to stop the mass migration of global commerce onto blockchain rails,” said Bam Azizi, CEO and co-founder of Mesh. Blockchain rails and stablecoins, which are crypto tokens pegged to the value of traditional currencies, have become increasingly central to payments. They offer faster, cheaper alternative to traditional channels, and are rapidly growing for remittances, payroll and commerce. Payments giant StripeKrisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.
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