Visa and Mesh have partnered to let you spend crypto and stablecoins directly from digital wallets at 175 million merchant locations. You won't need to move money to a bank or get a separate crypto card. Mesh handles the conversion and KYC while merchants use their existing systems across 200 countries. Mesh raised $75 million in January and is valued at $1 billion.
Mastercard is also building out the backend with its Stablecoin Security tool. It helps banks flag fraud and sanctions risks before transactions settle onchain. This follows Mastercard's $1.8 billion acquisition of BVNK in August. While stablecoin supply growth has slowed this year, transaction volumes are up. Standard Chartered predicts the market will reach $2 trillion by 2030. Mastercard expects its security service to be available globally next year.
Full write-up with charts and sources: https://medium.com/@tomasrada8080/beyond-the-card-the-new-architecture-of-stablecoin-payments-c0fd0e5d2665
Mastercard is also building out the backend with its Stablecoin Security tool. It helps banks flag fraud and sanctions risks before transactions settle onchain. This follows Mastercard's $1.8 billion acquisition of BVNK in August. While stablecoin supply growth has slowed this year, transaction volumes are up. Standard Chartered predicts the market will reach $2 trillion by 2030. Mastercard expects its security service to be available globally next year.
Full write-up with charts and sources: https://medium.com/@tomasrada8080/beyond-the-card-the-new-architecture-of-stablecoin-payments-c0fd0e5d2665