Bybit Pay integrates with Mesh to expand crypto payments
Bybit Pay, the payments division of crypto exchange Bybit, has integrated with crypto payments infrastructure provider Mesh. This integration enables users to make payments and fund accounts on supported platforms directly from their Bybit balances without needing to withdraw or transfer assets first. Businesses already integrated with Mesh can add Bybit Pay as a payment option, gaining access to Bybit's 80 million users. Mesh's network connects over 300 wallets, exchanges, and financial platforms, expanding digital asset mobility across services.
Integration Features
The integration between Bybit Pay and Mesh enables Bybit users to select Bybit Pay at checkout or when funding accounts on supported platforms, utilizing their Bybit balances directly. This removes the need to withdraw or transfer assets to other platforms before making payments.
Businesses already integrated with Mesh can add Bybit Pay as a payment method without implementing a separate integration. This opens access to Bybit’s claimed 80 million users, expanding payment option choices for customers.
The integration supports programmable settlement options, allowing businesses to control when and how payments are settled across different markets, adding flexibility and control over financial processes.
About Mesh and Its Funding
Mesh connects over 300 wallets, exchanges, and financial service platforms, facilitating seamless movement of digital assets among participating services.
In January, Mesh raised $75 million in a Series C funding round led by Dragonfly, valuing the company at $1 billion and bringing its total funding above $200 million.
Mesh plans to expand its presence in Latin America, Asia, and Europe to grow its market reach and enhance its crypto payments infrastructure capabilities.
Why it matters
The integration of Bybit Pay with Mesh represents a significant advancement in crypto payment capabilities, simplifying the payment and account funding process for users by removing the need for transfers between platforms. This development not only enhances the user experience but also equips businesses with flexible and efficient settlement options across international markets. Considering Mesh’s substantial funding and ambitious global expansion plans, the partnership with Bybit could accelerate the adoption of crypto payments across various regions and support the broader growth of the digital asset ecosystem.
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