PayPal, Mesh jump into crypto conversion
The proliferation of digital currencies presents their users an important task: How to convert one to another and into stablecoins. Mesh, a startup building a digital assets payments network, joins a field of firms offering a solution.
PayPal Holdings is using Mesh’s technology to power a new pay-with-crypto conversion tool to connect dozens of cryptocurrencies and stablecoins for shoppers and merchants. The capability will be rolled out in the U.S. in time for the 2025 holiday shopping season, a PayPal spokesperson said Wednesday in an email.
PayPal and Mesh, a startup in which PayPal’s venture arm has invested, touting savings for merchants below current international credit…
