Mesh Now Lets You Cash Out Crypto via Apple Pay—Because Banks Still Won’t Touch It
Another day, another workaround for the financial system’s crypto allergy. Mesh just plugged Apple Pay into its platform, letting users instantly convert digital assets to spendable fiat—no middleman bank account required.
The move targets crypto natives who want real-world utility without jumping through traditional finance’s hoops. Apple’s 58 million US iPhone users now get a frictionless off-ramp, assuming they don’t mind the usual 1-3% processing fees (because Wall Street’s vig always finds a way).
While regulators sharpen their knives over stablecoins, Mesh’s play shows the industry’s end-run around legacy finance is accelerating. Just don’t expect Jamie Dimon to add a ‘Buy Bitcoin’ button to Chase Mobile anytime soon.
Mesh attracts backing from crypto heavyweights
Mesh is emerging as a contender within the crypto payments sector, with the company closing an $82 million series B funding round featuring backing from several leading Web3 investment firms on March 11.
The round was led by Paradigm, and also featured participation from Consensys, QuantumLight, and Yolo Investments. Mesh has now raised more than $120 million in total, with PayPal Ventures, Galaxy Ventures, and MoneyForward previously backing the company.
Most of the funds raised through the series B round came in the form of PayPal’s PYUSD stablecoin.
On March 26, Mesh launched a crypto payments app on the Shopify App Store, allowing Shopify merchants to accept digital asset payments settled using stablecoins.
Mesh is currently available to 400 million users in more than 100 countries owing to partnerships with Coinbase, MetaMask, and Revolut.
“Stablecoins present the single biggest opportunity to disrupt the payments industry since the invention of credit and debit cards,” Azizi said.
According to DeFi llama, the market cap of stablecoins is at an all-time high of $242 billion after growing 2.31% over the seven days.
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