Mesh Simplifies Crypto Payments with Apple Pay
Enhanced Apple Pay Functionality Now Supports Cryptocurrency Transactions Via Mesh Network Connection
Want to pay for goods using your favorite cryptocurrency? Mesh's got you covered! This crypto payments startup is integrating Apple Pay for digital transactions, making it easier than ever to make a purchase while merchants collect stablecoins.
Here's the Lowdown
Mesh unveiled its innovative feature, set to launch in Q2 2025, during Token2049 in Dubai. The goal is to bring the same convenience to crypto transactions as traditional fiat payments.
The process begins when you select Apple Pay at checkout, authenticate with Face ID, and complete the transaction as you normally would. Under the hood, Mesh converts your chosen cryptocurrency, such as Bitcoin, Ethereum, or Solana, into stablecoins like USDC, USDT, or PYUSD. This approach targets the last barrier in crypto adoption for payments and aligns the interests of both consumers and merchants.
The Advantages
Merchants can take advantage of this integration without needing to develop their own crypto infrastructure, reducing operational costs and complexity. They also receive stable settlements, minimizing the risks associated with traditional cryptocurrencies' volatility.
For consumers, the integration provides convenience, ensuring a smooth and familiar transaction experience. It also offers flexibility: customers can choose from a variety of cryptocurrencies to make a payment.
A Leap Forward for Stablecoins
Stablecoins have gained prominence in the crypto world due to their faster and cheaper payment capabilities compared to conventional channels. Major players like Stripe and PayPal have joined the fray, recognizing this trend. Mesh demonstrates this integration live, showcasing its potential to merge the crypto and mainstream commerce spaces.
Mesh recently secured $82 million in Series B funding, with partners like Paradigm, Consensys, QuantumLight Capital, Yolo Investments, and more. The startup boasts over 300 integrations with major crypto platforms like Coinbase, Binance, MetaMask, and Phantom, making it easy for merchants to adopt this solution.
So, get ready to pay with your preferred cryptocurrency, knowing merchants will receive stablecoin settlements! Mesh's Apple Pay integration is all set to launch later in the second quarter of 2025.
How it Works
- SmartFunding Technology: Mesh's proprietary SmartFunding technology enables users to pay with cryptocurrencies like Bitcoin, Ethereum, or Solana.
- Crypto-to-Stablecoin Conversion: These cryptocurrencies are converted into stablecoins like USDC, USDT, or PYUSD for easy merchant settlement.
- Apple Pay Integration: Users can select Apple Pay at checkout and authenticate using Face ID for seamless transactions, similar to traditional fiat payments.
- NFC Capabilities: The integration uses Apple Pay's NFC capabilities, making it compatible for both online and in-store purchasing.
Benefits for Merchants
- Reduced Complexity: Merchants do not need to create their own crypto infrastructure, lowering operational costs.
- Stable Settlements: Merchants receive settlements in stablecoins, reducing the risks associated with cryptocurrency volatility.
Benefits for Consumers
- Ease of Use: Transactions are as straightforward as traditional fiat payments, providing a seamless user experience.
- Flexibility: Customers can choose from a range of cryptocurrencies to make a payment, broadening access.
- Mesh's Apple Pay integration, launching in Q2 2025, aims to make crypto transactions as convenient as traditional fiat payments, allowing users to pay with cryptocurrencies like Bitcoin or Ethereum and receive stablecoin settlements.
- The integration, available through Apple Pay, offers merchants the advantage of not needing to develop their own crypto infrastructure, reducing operational costs and complexity, while also ensuring stable settlements to minimize the risks associated with traditional cryptocurrencies' volatility.
- Consumers can benefit from Mesh's Apple Pay integration by enjoying a seamless and familiar transaction experience, with the option to choose from various cryptocurrencies like Bitcoin, Ethereum, or Solana, and have the reassurance of stablecoin settlements for merchants.
