News linked to both this project and an event.
According to The Block, crypto payment infrastructure company Mesh announced a partnership with Visa, allowing users to directly use cryptocurrency and stablecoin balances in their wallet apps for offline and online payments at over 175 million merchant locations worldwide, without having to sell or transfer assets beforehand. The solution utilizes Visa credentials configured on the backend, with Mesh responsible for transaction fund settlement and currency conversion; users do not need to transfer assets, and merchants are required to make no changes. Bam Azizi, co-founder and CEO of Mesh, stated that the bottleneck in the crypto industry lies in the "last mile" problem, which previously often required obtaining a separate card to solve. The partnership's launch date, supported devices, and participating platforms have not yet been announced.
Odaily reports: Polygon Labs has announced the completion of its acquisition of Coinme, a US-regulated crypto payment service provider, with plans to leverage stablecoin infrastructure to enter the payments market dominated by Visa and Stripe. Polygon Labs CEO Marc Boiron stated that the acquisition will help Polygon Labs own customer relationships and capture revenue that previously flowed to intermediaries; Polygon Labs has now become a payments-focused company that uses blockchain to move money. In January, Polygon Labs launched Open Money Stack to support stablecoin payments and cross-border transfers, and to charge fees for currency exchange and money transfers. Marc Boiron said the regulated payments business is expected to become profitable by 2027. Data shows that Visa's payment volume exceeded $12.3 trillion in fiscal year 2025, while Stripe's payment volume reached $1.9 trillion. Through the acquisition of Coinme, Polygon Labs will control more business processes in areas such as crypto asset, stablecoin, and fiat currency conversion, rather than handing customers over to third parties. Polygon Labs' unified payments platform is currently still in technical preview and not yet fully open; early users include Tazapay, Mesh, Toku, and Kira.
Odaily News: Digital asset project World Liberty Financial (WLFI) stated during a stablecoin panel discussion at Token2049 in Singapore that it plans to push USD1 onto major online enterprises. Mesh co-founder and CEO Bam Azizi, a payment infrastructure provider, announced a partnership with WLFI, allowing USD1 holders to use the stablecoin through its merchant network, with plans to go live this quarter.WLFI is backed by the family of U.S. President Donald Trump. Its issued USD1 is issued by BitGo, with reserves including cash, U.S. government money market funds, and other cash equivalents, aimed at maintaining a value of 1 U.S. dollar. USD1 has a market capitalization of approximately $4.45 billion.The U.S. Office of the Comptroller of the Currency (OCC) conditionally approved WLFI in August to establish a national trust bank for issuing dollar-backed stablecoins and custodying digital assets. WLFI CEO Zach Witkoff stated that USD1 is currently issued through BitGo, and after obtaining the trust bank charter, WLFI will assume issuance responsibility itself. (Cointelegraph)
Bybit Pay has entered into an integration partnership with Mesh, leveraging Mesh's gateway technology to optimize the merchant acquiring experience for global merchants and drive the widespread adoption of crypto assets in traditional commercial scenarios.
Odaily Odaily News: Bybit Pay, the payment arm of cryptocurrency exchange Bybit, has integrated with crypto payment infrastructure provider Mesh, allowing users to directly use their Bybit account balances to make payments or top up accounts on Mesh-supported platforms without the need to withdraw or transfer assets first. Merchants can add Bybit Pay as a payment option through existing Mesh integrations and use programmable settlement features to control settlement timing and methods across different markets.Mesh stated that its network is already connected to over 300 wallets, exchanges, and financial service platforms. In January this year, the company completed a $75 million Series C funding round led by Dragonfly, reaching a valuation of $1 billion, with cumulative funding exceeding $200 million. It also plans to expand into markets in Latin America, Asia, and Europe. (Cointelegraph)
According to official announcements, Aethir—a decentralized GPU cloud computing infrastructure platform—has officially launched Aethir Mesh, an in-house open-source large language model (LLM) API platform built atop Aethir’s decentralized GPU infrastructure. The platform is now live and offers a unified API endpoint for direct access to leading open-source models, including DeepSeek V4, Kimi K2.6, GLM-5.1, MiniMax-M2.5, and Qwen3.6-27B.