Mesh partners with Visa to enable direct spending of cryptocurrency balances

The crypto payment network Mesh has entered into a strategic partnership with Visa. Digital wallets and platforms integrated with Mesh will offer users the 'balance direct payment' feature, allowing users to make offline and online purchases directly using cryptocurrency, stablecoins, and fiat balances within Visa's global acceptance network, without needing to sell, transfer, or pre-load funds in advance. Mesh will generate Visa payment credentials behind the scenes for users, enabling payments via standard contactless terminals. Merchants will still receive payments in the usual way, requiring no equipment changes or adjustments to their existing payment processes. Mesh will act as the project manager, handling user account creation and KYC procedures, as well as managing fund allocation and asset conversion for each transaction. The launch timeline, supported devices, and partner platforms will be announced once further details are finalized.