Mesh partners with Bybit Pay to broaden cryptocurrency payment capabilities
The crypto payments network operated by Mesh has welcomed Bybit Pay into its ecosystem, establishing a link between the platform's 80 million user base and various payment and account funding capabilities available on Mesh-enabled platforms.
The payment division of cryptocurrency exchange Bybit, known as Bybit Pay, has established an integration partnership with Mesh, a provider of cryptocurrency payment infrastructure solutions. This collaboration enables users to execute payments and deposit funds on compatible platforms using their Bybit account balances directly.
Through this new integration, users holding accounts with Bybit can choose Bybit Pay as their payment method during the checkout process or when depositing funds into an account, eliminating the need to withdraw or move their digital assets to a different platform beforehand.
Companies that have already established integrations with Mesh can now incorporate Bybit Pay as an additional payment method through the integration infrastructure they currently have in place, providing them with potential access to Bybit's user base of 80 million individuals, according to the exchange's claims. The integration also features programmable settlement capabilities, according to Bybit, which enable businesses to maintain control over the timing and method of payment settlements across various geographical markets.
According to Mesh, its network infrastructure provides connectivity to over 300 different wallets, cryptocurrency exchanges and financial services platforms, enabling users to transfer their digital assets seamlessly among the participating service providers.
Earlier this year in January, the company successfully secured $75 million in funding through a Series C investment round led by Dragonfly, which established the crypto payments company's valuation at $1 billion and increased its cumulative funding total to over $200 million. At that time, Mesh announced its strategic intentions to pursue expansion initiatives across Latin America, Asia and Europe.