Investment Boost from PayPal Ventures and Others Allocated to Enhance Crypto Transaction Capabilities by Mesh
PayPal Ventures, the venture capital arm of PayPal, has made a strategic investment in Mesh, the leading crypto payment platform. This move allows PayPal merchants to tap into a $3 trillion market with over 650 million crypto users.
The investment will accelerate Mesh's expansion across the global payments industry. Bam Azizi, CEO and Co-Founder of Mesh, stated that Mesh is building a bridge between users and merchants. The funds, mostly settled with the PayPal USD (PYUSD) stablecoin, will be used to scale APIs, expand product development, and power hundreds of crypto and payments platforms.
Mesh's SmartFunding technology addresses the mismatch problem in crypto payments, ensuring a seamless checkout experience with the benefits of blockchain technology. This technology eliminates friction in crypto payments, enabling users to pay with any digital asset and merchants to receive instant settlement in stablecoins.
Amman Bhasin, Partner at PayPal Ventures, stated that Mesh is building the infrastructure layer that enables enterprises to embed crypto payments, transfers, and commerce experiences directly into their apps. He further stated that PayPal Ventures strengthened its commitment to Mesh due to their ability to deliver the security, compliance, and scalability that enterprises demand.
Mesh's technology was used to instantly transfer the investment, demonstrating the power and security of stablecoins for global transactions. The stablecoin market has a market cap over $200 billion and powers $27.6 trillion in transaction volume. Consumers and merchants prefer stable assets like stablecoins and local currency, and Mesh is unlocking liquidity in these assets with its SmartFunding orchestration engine.
Mesh has received additional investments from other notable players in the industry such as Coinbase Ventures, Uphold, Mirana Ventures, SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures, and CE-Ventures. Mesh's technology reaches hundreds of millions of users through integrations with Coinbase, Binance, ByBit, OKX, and more.
With these investments, Mesh's total capital funding now exceeds $130 million. This significant funding brings Mesh in a strong position to dominate the crypto payments market as stablecoins drive the next wave of adoption. The investments also position Mesh to accelerate its impact on the global payments industry.
However, it is important to note that there are no available search results indicating which companies have made new investments in Mesh to help it expand its activities in the global payments industry.
In conclusion, the investment by PayPal Ventures into Mesh marks a significant step forward in the adoption of crypto payments. The investment will help Mesh to expand its activities, improve its technology, and reach a larger user base, making crypto payments more accessible to a wider audience.
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