Crypto Meets Apple Pay: Mesh's Game-Changing Feature
Apple unveils upgrade for Apple Pay, enabling cryptocurrency transactions via mesh network technology.
Get ready for a seamless shopping experience! Crypto payments startup, Mesh, is set to add Apple Pay support for digital asset transactions, making it a breeze for consumers to spend crypto, while merchants receive stablecoin settlements.
This new feature, slated for launch in Q2 2025, will revolutionize the way we pay for goods and services. Using Mesh's SmartFunding technology, the integration converts cryptocurrencies to stablecoins at checkout, enabling merchants to accept crypto payments without building their own infrastructure.
The Nitty Gritty
The payment process is designed to be easy-peasy. Shoppers simply select Apple Pay at checkout, authenticate with Face ID or Touch ID, and complete the transaction just as they would with any traditional payment. Behind the scenes, Mesh takes care of converting cryptocurrencies like Bitcoin, Ethereum, or Solana into stablecoins such as USDC, USDT, or PYUSD.
Mesh aims to eliminate the 'last-mile' gap in crypto adoption for payments by offering consumers the freedom to use their preferred cryptocurrencies while ensuring merchants receive stablecoins.
The technology works for both physical retail locations using Apple Pay's NFC capabilities and e-commerce platforms, making it flexible and accessible for merchants.
The Rise of Stablecoins
Stablecoins have been gaining traction in the crypto space, serving as faster and cheaper alternatives to conventional payment channels. Major players like Stripe and PayPal have recognized this trend and are exploring stablecoin solutions.
Mesh demonstrated the Apple Pay integration live on stage at Token2049, showing how merchants with physical retail stores can leverage Apple Pay's contactless technology. This feature offers customers the same frictionless experience in-store as they would have online.
Important Note: The enrichment data suggests that the process involves a user-friendly payment process with crypto conversion happening seamlessly at the point of sale. Merchants, both online and offline, can leverage this integration without needing to build additional crypto infrastructure.
mesh, apple pay, crypto payments, stablecoins, payments, bitcoin, ethereum, solana
- Mesh, a crypto payments startup, plans to integrate Apple Pay, allowing consumers to use cryptocurrencies like Bitcoin, Ethereum, or Solana for transactions while merchants receive stablecoin settlements.
- This integration, set for launch in Q2 2025, will utilize Mesh's SmartFunding technology to convert cryptocurrencies to stablecoins at checkout, eliminating the need for merchants to build their own infrastructure.
- The process is designed to be easy for shoppers, who can simply select Apple Pay, authenticate with Face ID or Touch ID, and complete the transaction just as they would with any traditional payment.
- Stablecoins, such as USDC, USDT, or PYUSD, have been gaining traction in the crypto space, offering faster and cheaper alternatives to conventional payment channels.
- Major players like Stripe and PayPal have recognized this trend and are exploring stablecoin solutions, indicative of a growing interest in these digital assets in the finance and business sectors.
- At Token2049, Mesh demonstrated the Apple Pay integration live on stage, showing how merchants with physical retail stores can leverage Apple Pay's contactless technology, offering customers a seamless in-store experience similar to online shopping.
