Mesh, the crypto payments network, announced additional investments from PayPal Ventures, Coinbase Ventures, Uphold, Mirana Ventures (venture partner for ByBit), SBI Investment, Overlook Ventures, Kingsway Capital, Moderne Ventures and CE-Ventures, bringing total capital funding to more than $130 million. This support positions the company to “accelerate its impact on the global payments industry.” Mesh’s technology supported the launch of PayPal’s Pay with Crypto service, which allows consumers “to pay with a wide range of cryptocurrencies and eligible wallets.” Mesh’s technology enables consumers to “pay using 100+ wallets and cryptocurrencies through Mesh’s SmartFunding orchestration engine.” This allows PayPal merchants to tap into a “growing $3 trillion market with over 650 million crypto users.” Most of the funds were settled “with the PayPal USD (PYUSD) stablecoin.” Mesh’s technology was used to “instantly transfer the investment.” With integrations across Coinbase, Binance, ByBit, OKX, and more, Mesh’s technology “reaches hundreds of millions of users.” This new funding will accelerate its expansion “across the global payments industry, scaling APIs, expanding product development, and powering hundreds of crypto and payments platforms.” All of this will hopefully position the company for “dominance in crypto payments as stablecoins drive the next wave of adoption.” Mesh’s SmartFunding technology reportedly “eliminates friction in crypto payments, enabling users to pay with any digital asset while merchants receive instant settlement in stablecoins, such as PYUSD, or fiat.” This approach addresses the mismatch problem where “users often hold different cryptocurrencies than what merchants prefer, ensuring a seamless checkout experience with the benefits of blockchain technology.” With the stablecoin market having a market cap over $200 billion and powering $27.6 trillion in transaction volume, consumers and merchants “want stable assets like stablecoins and local currency.” Mesh is “unlocking liquidity, making these assets fungible with its SmartFunding orchestration engine.” Founded in 2020, Mesh is building the “global crypto payments network, connecting exchanges, wallets, and financial services platforms to enable digital asset payments and conversions.” By unifying these platforms into a single network, Mesh is enabling “an open, connected, and secure ecosystem for digital finance.” PayPal Ventures is the global corporate venture arm of PayPal. They invest for financial return in “six areas of high strategic relevance to PayPal, including fintech, payments, commerce enablement, artificial intelligence, blockchain & cryptocurrency, and regulatory/cyber technology.” Through the expertise, experience, and network of PayPal Ventures – and the companies they invest in – they are “helping to bring transformative solutions to market faster.”