Visa and payments infrastructure firm Mesh announced a partnership on October 19 that will allow consumers to spend cryptocurrency and stablecoin balances at more than 175 million merchant locations across over 200 countries and territories. The integration is designed to remove the need for users to transfer funds to a bank account or load a separate payment card before making purchases.
Under the arrangement, Mesh will act as program manager and handle customer onboarding, KYC checks, transaction funding and conversion. A Visa credential created in the background will let supported wallets work with existing contactless terminals and online checkout systems. Merchants will continue to receive payments through Visa’s existing rails in fiat, without adding new hardware or accepting crypto directly.
Visa processed $14.2 trillion in payment volume during fiscal 2025. The company has reported more than 160 stablecoin card programs, nearly 200% annual growth in stablecoin card payment volume, and an annualized stablecoin settlement rate above $20 billion. Mesh, which raised $75 million in a Series C round in January 2026 at a $1 billion valuation, has expanded through integrations including Bybit Pay and Paxos’s Global Dollar Network.
“Crypto never had a spending problem, it has a last-mile problem,” said Mesh co-founder and CEO Bam Azizi. Visa’s global head of growth, Rubail Birwadker, said the collaboration gives consumers more ways to use digital asset balances through established payment services. The companies have not yet disclosed launch timing, supported wallets, eligible cryptocurrencies or initial regions.
