Bybit Pay integrates with Mesh to expand crypto payments
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Bybit Pay, the payments division of crypto exchange Bybit, has integrated with crypto payments infrastructure provider Mesh. This integration allows users to make payments and fund accounts on supported platforms directly from their Bybit balances without withdrawing or transferring assets first. Businesses already integrated with Mesh can add Bybit Pay as a payment method to access Bybit’s claimed 80 million users.
Why it matters
The source suggests this integration simplifies the payment process for Bybit users by enabling direct use of funds from their Bybit balances at checkout or for account funding. It also expands payment options for businesses partnered with Mesh, potentially increasing transaction efficiency and customer reach.
Key context
Mesh connects over 300 wallets, exchanges, and financial services platforms, facilitating asset transfers between participating services. In January, Mesh raised $75 million in a Series C funding round valuing the company at $1 billion and plans to expand across Latin America, Asia, and Europe.
Key numbers and entities
Bybit Pay, Bybit exchange, Mesh (crypto payments infrastructure provider), 80 million users (claimed by Bybit), more than 300 connected wallets/exchanges/platforms (Mesh), $75 million Series C funding (Mesh), $1 billion valuation (Mesh).
What remains unclear
The source does not specify which platforms or businesses currently support the Bybit Pay and Mesh integration beyond those already integrated with Mesh. It also does not detail the timeline for rollout or the specific programmable settlement options available through this integration.