Mesh Incorporates Apple Pay to Allow Shoppers to Use Crypto and Settle Transactions in Stablecoins

Crypto payment platform Mesh is set to introduce Apple Pay support for cryptocurrency transactions, enabling consumers to make purchases using digital currencies while ensuring merchants receive payments in stablecoins.

The capability, announced at Token2049 in Dubai, utilizes Mesh’s SmartFunding technology to convert cryptocurrencies into stablecoins during the checkout process. This approach eliminates the necessity for merchants to deal with cryptocurrency management directly, providing a straightforward, integrated solution via Apple Pay.

As a result, physical stores and online retailers can effortlessly adopt crypto transactions without needing to develop the required infrastructure. Mesh is aiming to launch this feature in the latter part of the second quarter of this year.

Bam Azizi, CEO and co-founder of Mesh, stated, “Once crypto payments reach a level of convenience comparable to traditional fiat transactions, there will be no barriers to the widespread transition of global commerce to blockchain technology.”

Blockchain technology and stablecoins—digital currencies tied to the value of traditional fiat currencies—are increasingly becoming pivotal in the payment ecosystem. They present a quicker, more affordable alternative to conventional payment systems and are experiencing rapid expansion in areas such as remittances, payroll, and commercial transactions. Recently, payments giant Stripe has also begun testing a stablecoin tool after acquiring a related company, while PayPal has introduced its own stablecoin.

Earlier this year, Mesh secured $82 million to enhance its global network focused on stablecoin payments and settlements.