Overview
- Bybit and Mesh announced the integration on Sept. 3, and Mesh-connected merchants can enable Bybit Pay immediately to let customers pay from their Bybit exchange balances.
- Businesses already using Mesh do not need a new technical connection to add Bybit Pay because the option can be switched on through the existing Mesh integration.
- Merchants can use Mesh’s programmable tools to choose how payments settle for each sale, such as receiving stablecoins, specific tokens, or fiat currency.
- The public announcement left key details unspecified, including which tokens are supported, exact fees, and whether U.S. customers can access the feature, and U.S. users should account for IRS rules that treat spending crypto as a taxable disposal.
- Mesh’s network spans more than 300 platforms and the company has raised major venture funding, which could speed merchant adoption and shift more consumer spending toward exchange-held crypto balances.