MESH, which operates in the field of crypto payments, announced that it plans to offer a new system to support the transactions carried out with digital assets through Apple Pay. In this system, while customers pay with crypto currency, businesses can conclude transactions in stablecoin. The aim of the initiative is to reach wider audiences by facilitating the use of crypto assets in shopping.
Payment with Crypto
The feature introduced at the Token2049 event in Dubai enables crypto currencies to be converted to stablecoins at the time of payment. Thanks to the Smartfunding technology developed by MESH, crypto assets are automatically converted to stablecoins during payment. This innovation offers a solution that can be easily integrated in payment transactions without the need for traditional infrastructure.
Retail businesses and online sales platforms in search of alternatives to traditional payment systems will be able to accept payment with crypto assets using the system developed by MESH. This technology is considered an opportunity to reduce infrastructure costs in physical stores and on the internet. Developers say that the rapid spread of the system in the global market can make significant contributions to the crypto transformation process in shopping.
“When crypto payments become as smooth as Fiat payments, there will be no obstacles to the transition of global trade to the Blockchain infrastructure.” – Bam saint
Expansion in the global market
Bam Azizi, CEO of MESH, drew attention to the future of technology and the role of crypto beings playing in the business world. It is stated that the last moves are important in terms of wide use of the system.
Blockchain infrastructure and stablecoins aim to offer faster and more economical solutions in payment transactions. These crypto assets can be used to create alternative ways for international money transfers, salary payments and commercial transactions. Stripe and Paypal are working on similar process improvements of leading companies in the field of payment technologies.
MESH received an investment of 82 million dollars in order to implement this technology on a global scale. The investment is expected to play an important role in the implementation of the system in wider areas and to strengthen the technological infrastructure. The launch, which is planned with Apple Pay Integration, meets users in the second quarter of the year.
The developed system can prepare the ground for the transition of more businesses to innovative payment methods in the field of digital economy. In addition to the existing infrastructure, this solution aims to provide advantages such as decrease in transaction costs and increased speed. The spread of technology can contribute to the adoption of alternative payment methods in global trade.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
