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COINTURK FINANCE > Business > Mesh Secures Fresh Funding to Boost Crypto Payments Network
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Mesh Secures Fresh Funding to Boost Crypto Payments Network

Overview

  • Mesh secures new investment, increasing total funding to over $130 million.

  • PayPal Ventures continues to support, emphasizing secure, scalable crypto payments.

  • New funds to enhance Mesh's product development and global market reach.

COINTURK FINANCE
COINTURK FINANCE 2 months ago
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Mesh, a company at the forefront of cryptocurrency payment solutions, has secured additional investment to bolster its global reach. This financial milestone elevates its total capital raised to over $130 million. Known for its seamless integration of cryptocurrency and traditional payment systems, Mesh aims to enhance the interoperability between crypto-assets and fiat currency for everyday transactions. With new funding in place, the company plans to enhance its services and expand its market outreach, tapping into a larger audience.

Contents
Who Is Backing Mesh’s New Growth?Why Is This Funding Significant for the Crypto Ecosystem?

Mesh’s previous funding achievements include a $22 million Series A round and a substantial $82 million Series B round aimed at accelerating product development. Unlike prior rounds, the recent investment places a strong emphasis on integrating stablecoin technology. Mesh’s ongoing relationship with PayPal (NASDAQ:PYPL) Ventures underscores a mutual vision of intertwining crypto and mainstream finance. Interestingly, when PayPal Ventures invested earlier, they did so using PayPal’s own stablecoin, PYUSD. This not only highlights the strategic alignment between PayPal and Mesh but also demonstrates a practical application of stablecoins in significant financial transactions.

Who Is Backing Mesh’s New Growth?

PayPal Ventures has been listed among the notable investors fueling Mesh’s financial growth. The commitment from PayPal underscores confidence in Mesh’s capacity to deliver a secure and scalable infrastructure, facilitating wider enterprise adoption of cryptocurrency payments. PayPal’s “Pay with Crypto” service relies on Mesh’s orchestration engine, highlighting the deep integration between the two entities. According to Bam Azizi, CEO and co-founder of Mesh, the company is setting the groundwork for a simplified and efficient transaction process between digital assets and fiat currencies.

“Mesh is uniquely positioned to enable broad usability by streamlining access to wallets and exchanges,” said Azizi.

Why Is This Funding Significant for the Crypto Ecosystem?

As cryptocurrencies gain mainstream traction, the demand for secure and compliant payment processing solutions is rising. Mesh, through its advanced SmartFunding orchestration engine, offers merchants the capability to receive payments in digital assets with instant conversion to stablecoins or fiat. Investors emphasize that this kind of infrastructure adds significant value to enterprise solutions, enabling seamless integration of crypto capabilities within existing applications.

“Mesh has shown they can deliver the security, compliance and scalability that enterprises demand,” added PayPal Ventures’ Amman Bhasin.

Mesh currently collaborates with leading exchanges like Coinbase, Binance, Bybit, and OKX, expanding its influence across the cryptocurrency user base worldwide. This array of partnerships demonstrates the extensive reach and adaptability of Mesh’s technology, positioning it favorably within the competitive landscape of digital payments.

Experts believe that Mesh’s integrated approach, offering real-time asset conversions, could significantly streamline the process for users and businesses engaged in crypto transactions. The strategic funding by PayPal and other investors provides Mesh with both credibility and resources to push the boundaries in the digital transaction realm, potentially setting new standards in the industry.

Looking forward, the enhancements enabled by the recent funding could address existing hurdles in cryptocurrency payments such as volatility and transaction speed. The implementation of stablecoins presents a viable solution to these challenges, offering stability and reliability for global transactions.

Mesh is progressively embedding itself as a key player in facilitating cryptocurrency payment solutions for global enterprises. While securing further interest from investors, the firm remains committed to expanding and refining its product offerings, striving for a more interoperable and accessible digital economy.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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