PANews reported on March 12 that Mesh, a crypto payment company, announced the completion of a $82 million Series B financing to expand its global payment settlement network based on stablecoins. This round of financing was led by Paradigm, with participation from ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital. Most of the investment funds were settled through PayPal's PYUSD stablecoin.
Mesh is building a blockchain payment network that enables users to pay with crypto assets such as Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), while merchants can choose to settle with stablecoins such as Circle's USDC, PayPal's PYUSD or Ripple's RLUSD. Bam Azizi, co-founder and CEO of Mesh, said the funds will be used for global expansion to make crypto payments as convenient as credit card payments.
