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Bybit Pay has integrated with Mesh, allowing 80 million users to spend crypto directly from exchange balances at over 300 platforms without withdrawals.
Bybit has integrated its payment service with the Mesh network, allowing users to spend digital assets directly from their exchange balances at hundreds of merchants without first moving funds to a self-custody wallet [1]. The move connects Bybit’s claimed 80 million users to a payment orchestration layer that already serves as a bridge for platforms including Coinbase and Binance [2].
| At a glance | |
|---|---|
| User Base | 80 million (claimed) |
| Network Reach | 300+ wallets and exchanges |
| Valuation | $1 billion (Mesh) |
| Integration Date | September 3 |
The integration, which went live on September 3, allows customers to select Bybit Pay at checkout on any merchant platform connected to the Mesh network [2]. By bypassing the traditional requirement to withdraw tokens to a separate wallet or manually convert them, the service aims to streamline the use of crypto for everyday transactions [1]. Mesh functions as an orchestration layer, sitting between a user's existing exchange account and the merchant, handling the settlement process behind the scenes [1].
For businesses, the partnership offers settlement flexibility, allowing merchants to receive payments in stablecoins, specific tokens, or fiat currency, regardless of the asset the customer spends [1]. Because Mesh already supports over 120 tokens and 24 blockchain networks, merchants who have previously integrated with the service can enable Bybit Pay through their existing technical setup without needing a new, direct connection to the exchange [1].
Mesh, which was founded in 2020 and previously operated as Front Finance, reached a $1 billion valuation following a $75 million Series C funding round in January [2]. The company has positioned itself as a neutral infrastructure provider, distinguishing its model from on-ramp services like MoonPay or Transak that focus on fiat-to-crypto conversion [1]. Bybit’s participation adds a significant volume of potential users to the network, further cementing the exchange’s strategy to increase platform utility beyond simple trading [1].
While the integration is global, its availability remains subject to Bybit’s regional service restrictions and the specific assets supported by individual merchants [2]. For U.S.-based users, the use of such services remains subject to Internal Revenue Service guidance, which classifies digital asset payments as property disposals that require capital gains reporting [2].
The success of this integration hinges on whether merchants find the settlement flexibility sufficient to offset the complexities of crypto-native payments. Whether this model can shift consumer behavior away from self-custody and toward exchange-based spending remains an open question for the broader digital asset market.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Sep 9, 2026 · How we report
Crypto Payments are processed through gateways that provide unique deposit addresses, real-time transaction detection, and risk screening before settlement. Merchants can integrate these systems via APIs or plugins to receive digital assets directly or convert them into fiat currency through third-party partners.
Crypto Payments involve risks such as the irreversibility of blockchain transactions, which complicates the refund process for businesses. To mitigate security concerns, providers employ multi-party computation, multi-signature custody, and proprietary blockchain intelligence to detect fraud and manage private keys securely.
Yes, Crypto Payments providers like B2BINPAY restrict services to residents or companies in specific countries, including Afghanistan, Cuba, Iran, North Korea, and others. Additionally, the availability of specific services like fiat settlement or card payments is subject to jurisdictional restrictions and third-party partner policies.
Yes, platforms like B2BINPAY support micropayments by offering low processing fees that differ from traditional payment processing platforms. This allows businesses to handle smaller transaction volumes without the high costs associated with standard banking infrastructure.