In a bold move set to reshape the landscape of digital payments, Mesh, a burgeoning crypto payments startup, has announced its integration of Apple Pay for cryptocurrency transactions. Unveiled during the Token2049 conference in Dubai, this innovation allows consumers to use digital currencies at checkout, seamlessly converting them into stablecoins for merchants—a maneuver designed to bypass the complexities of direct cryptocurrency handling.
Bridging the Crypto-Fiat Divide
The introduction of Mesh’s proprietary SmartFunding technology serves as a linchpin in this new payment system. By converting cryptocurrencies into stablecoins at the point of sale, it offers merchants a “plug-and-play” solution that fits effortlessly into Apple Pay’s existing framework. This strategic move is poised to attract both brick-and-mortar retailers and digital storefronts, enabling them to accept crypto payments without the cumbersome task of building separate infrastructure.
Bam Azizi, Mesh’s CEO and co-founder, commented on the potential of this development: “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.” The statement echoes a growing sentiment within the industry that blockchain technology could soon underpin mainstream financial transactions.
Stablecoins: The New Payment Frontier
Stablecoins, digital currencies pegged to the value of traditional fiat currencies, are becoming increasingly vital in the payment ecosystem. They offer a faster, more cost-effective alternative to traditional financial channels—a feature that is particularly appealing for cross-border remittances, payroll, and e-commerce. The market’s evolution is evidenced by major players like Stripe, which is currently testing a stablecoin tool after acquiring Bridge, and PayPal, which recently launched its own stablecoin.
Mesh’s recent $82 million capital infusion underscores the company’s ambitions to expand its stablecoin-based payment settlement network globally. This financial backing is expected to enhance Mesh’s international footprint, potentially accelerating the adoption of crypto payments worldwide.
The Road Ahead: Opportunities and Challenges
While the promise of integrating cryptocurrency payments into everyday transactions is tantalizing, it is not without its challenges. The volatility of crypto markets, regulatory scrutiny, and the need for widespread consumer adoption remain significant hurdles. Nevertheless, the integration of Apple Pay—an established and trusted payment system—could mitigate some of these concerns by providing a familiar interface for consumers wary of crypto’s complexities.
The move also raises questions about the future role of traditional financial institutions. As blockchain rails and stablecoins gain traction, banks and other financial entities may need to reevaluate their strategies to stay competitive in this rapidly shifting landscape.
As Mesh gears up to launch this feature later in the second quarter, the industry will be watching closely to see if this development can truly catalyze the integration of cryptocurrencies into mainstream commerce. The potential for blockchain technology to transform global payments is immense, but whether this trend can sustain momentum remains to be seen. With both supportive voices and skeptics weighing in, the stage is set for a dynamic evolution in the world of digital payments.
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This article is based on: Mesh Adds Apple Pay to Let Shoppers Spend Crypto, Settle in Stablecoins
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
