PayPal Ventures invested in Mesh, an embedded finance platform for cryptocurrency transfers and payments.
The funding was made almost entirely with PayPal USD and marks the first time PayPal Ventures has used PayPal’s in-house stablecoin for an investment, according to a Monday (Jan. 29) press release. (No dollar amounts were given).
Founded in 2020, Mesh helps businesses integrate crypto transfers and payments directly into their platforms, saving users from having to switch between platforms.
“As the world of financial services undergoes rapid transformation, we believe that user ownership and portability of assets will become a critical building block of product innovation, with crypto serving as the first beachhead where this is possible,” Amman Bhasin, partner at PayPal Ventures, said in the release. “Mesh’s commitment to these principles,…
