Bybit Pay Integrates Mesh for Direct Crypto Payments

Bybit Pay has integrated Mesh, a crypto payments network connecting more than 300 wallets, exchanges and financial platforms. The integration lets Bybit users pay participating merchants directly from their exchange balances without first withdrawing assets to an external wallet. Bybit Pay can also be used for account funding where supported. Businesses already connected to Mesh can activate Bybit Pay through their existing integration, but merchants must opt in. Mesh’s programmable settlement tools may allow merchants to receive selected cryptocurrencies, stablecoins or fiat currencies, even when customers pay with another eligible asset. The service became available to participating Mesh-connected businesses on 3 September. Bybit says it serves 80 million users, although this figure was not independently verified. The announcement did not disclose supported assets, fees, geographic coverage or US availability. US users may also face tax obligations because crypto payments are generally treated as property disposals by the IRS. Mesh raised $75 million in January at a $1 billion valuation, taking total funding above $200 million. Bybit Pay’s expanded payment reach may improve crypto utility over time, but the short-term price impact is likely neutral until transaction volumes and supported markets become clearer.