"Mesh partners with Visa" Oct 20, 2026

Mesh partnered with Visa to let users spend crypto and stablecoin balances held in participating wallet apps without first selling or moving the assets. A Visa credential is provisioned behind the scenes, while Mesh handles the funding and conversion. Mesh CEO Bam Azizi said the aim is to remove the need for a separate card. Visa’s network reaches more than 175 million merchant locations, but the companies have not announced launch timing, supported devices, or which platforms will participate.

The partnership extends Mesh’s payments work: the company also powers PayPal’s Pay with Crypto. Mesh became a unicorn after raising $75 million in a Series C led by Dragonfly in January. The Visa arrangement is designed to connect wallet balances to Visa acceptance, but its practical reach will depend on which wallet apps and devices are supported when the service launches.

BlackRock’s iShares Bitcoin Trust took in $665 million on Monday, its largest single-day inflow since October 7, 2025, according to SoSo Value. U.S. spot Bitcoin ETFs collectively recorded $526 million in net inflows. By contrast, spot Ethereum ETFs had $103 million in outflows, extending their outflow streak to four consecutive days.

The Blockchain Association backed Treasury’s overall approach to payment stablecoins but sought clearer proposed rules under the Genius Act. It asked Treasury to exclude self-custody software and validators from the definition of digital asset service providers, and argued that criminal liability should require actual knowledge. The association also opposed open-ended due diligence requirements for foreign issuers. Treasury received 123 comments on the proposal, and the law is expected to take effect in January 2027.

Mastercard introduced Stablecoin Security, a service that checks stablecoin payments for links to fraud, scams, and sanctions violations before funds move on-chain, then assigns a risk score. The service is launching first in North America, with worldwide availability expected in 2027. Mastercard said it plans to bring BVNK into the product next year. Separately, a BIS study cited in the report found that nearly 60% of stablecoin transfer events occurred within complex, multi-step transactions.

Bloomberg Intelligence analyst James Seyffart said BlackRock’s latest filing is its third Bitcoin ETF filing. He noted that the firm offers Bitcoin and Ethereum products but has no products tied to other cryptocurrencies.