Overview
- Bybit has added its Pay option to Mesh’s payments-orchestration network so eligible users can pay or fund accounts from their exchange balances without first withdrawing funds to an external wallet.
- Merchants that already use Mesh must opt in to enable Bybit Pay and available assets or markets will vary by each merchant’s configuration and Bybit’s regional services.
- Mesh routes payments between custodial platforms and merchant endpoints and supports more than 300 wallets and exchanges, over 120 tokens, and multiple blockchain networks.
- Businesses using Mesh can choose how they receive funds, including specific tokens, stablecoins, or fiat, with Mesh handling conversion and settlement behind the payment screen.
- The deal expands Mesh’s addressable customer pool and follows investor-backed growth for the company, though U.S. availability was not specified and spending crypto directly can trigger tax and reporting obligations for users.