Bybit Pay has partnered with crypto payments infrastructure provider Mesh to enable direct spending of digital assets from exchange balances. This integration allows Bybit users to make payments or fund accounts on supported platforms without the need to withdraw or transfer assets beforehand.
Businesses already using the Mesh network can now offer Bybit Pay as a payment option, gaining access to Bybit’s user base of 80 million people. The system also provides programmable settlement options, giving merchants control over how and when payments are processed across various markets.
Mesh currently connects over 300 wallets, exchanges, and financial services platforms, facilitating the movement of digital assets between these services. The company aims to expand its operations across Europe, Asia, and Latin America.
In January, Mesh secured $75 million in a Series C funding round led by Dragonfly. This investment brought the company’s total funding to over $200 million and established a valuation of $1 billion.