Mesh Funding Soars: PayPal & Coinbase Back Crypto Payments Firm

Key Points

1. Mesh's total funding has surpassed $130 million, with recent investments including at least $10 million in a new round and an $82 million Series B round led by Paradigm five months prior.

2. The company powers PayPal's 'Pay with Crypto' feature, enabling users to transact using PayPal's PYUSD stablecoin, showcasing real-world utility.

3. Mesh plans to use the new funding to further develop stablecoin payment infrastructure, integrate with more platforms, and drive mainstream adoption of digital payments.

4. Key investors in Mesh's latest funding round include PayPal Ventures and Coinbase Ventures, highlighting strong institutional support.

5. Mesh's focus on stablecoin payments aims to enhance transaction speed, transparency, and lower fees, contributing to the broader adoption of digital assets.