What happened?
Mesh, a crypto payments platform, has integrated with Apple Pay to allow merchants to accept cryptocurrency payments easily. This announcement was made by Mesh’s Co-Founder and CEO Bam Azizi at the Token2049 conference, showcasing this new feature that simplifies crypto payment transactions for merchants and consumers. The integration removes the need for merchants to build their own crypto infrastructure, making it easier for businesses to incorporate crypto payments.
Who does this affect?
This development affects merchants and consumers looking to use or accept cryptocurrencies for transactions. Merchants can now receive payments in stablecoins without having to invest in complex crypto systems, while consumers have the flexibility to use popular cryptocurrencies like Bitcoin, Ethereum, and Solana. This integration primarily benefits businesses using Apple Pay and customers who prefer using digital currencies for their purchases.
Why does this matter?
This integration could significantly impact the market by accelerating the adoption of cryptocurrencies in everyday transactions. By bridging the gap between traditional payment systems like Apple Pay and cryptocurrencies, it provides a seamless and convenient option for users, potentially increasing the demand for crypto-based payments. The ease of use and acceptance by major platforms like Apple Pay could lead to broader acceptance and integration of cryptocurrencies in global commerce.