Crypto Payments Startup Mesh plans to deploy Apple Pay support for Crypto transactions, allowing shoppers to pay with digital assets while closing merchant Stablecoins transactions.
This feature, announced in Dubai at Token2049, uses Mesh’s proprietary SmartFunding technology to convert Crypto to Stablecoins upon checkout. The system avoids the need for merchants to directly process cryptography, offering what Mesh calls a “plug and play” payment option through the interface of Apple Pay.
This allows brick-and-mortar retailers and web shops to accept crypto payments without having to build the necessary infrastructure. MESH is expected to start functioning later in the second quarter of this year.
“We’re looking forward to seeing you in the future,” said Bam Azizi, CEO and co-founder of Mesh.
Blockchain rails and stubcoins, which are locked into the value of traditional currency, crypto tokens, are becoming the center of payments. They offer cheaper alternatives faster than traditional channels, and are growing rapidly for remittances, pay and commerce. Payments Giant Stripe has been testing the Stablecoin tool since its acquisition of Bridge, but PayPal has launched its own Stablecoin.
Mesh raised $82 million earlier this year and expanded its Stablecoin-based payment settlement network globally.