Stablecoins have been on payments companies’ radar screens for years, but only recently has the digital currency gained the credibility needed to move processors, merchants, and users toward using stablecoins for everyday payments. The latest example of this emerged early Tuesday with an announcement from Mesh, a San Francisco-based crypto payments network, that it will work with Bitget Wallet to make Bitget simpler to use.
The integration between the two companies is expected to ease payments for users of Bitget Wallet, as they can invoke an account with a few taps on their phone. “Mesh connects Bitget Wallet to more platforms, allowing users to fund accounts or make purchases with fewer steps and without switching between apps,” Alvin Kan, chief operating officer at Bitget Wallet, says in a statement. “This connectivity is essential to making crypto practical for everyday transactions.”
The latest deal also makes Bitget Wallet one of a number of exchanges, wallets, and payments providers integrated by Mesh, the company says. “Our shared goal is simple. Make the crypto people already hold easy to put to use—to move it or to spend it,” says Bam Azizi, Mesh’s co-founder and chief executive, in a statement.
Mesh’s recent moves have included its Mesh Wallet, which the company says allows AI agents to engage in transactions using stablecoins. And in May the company widened an integration with Base, a crypto app developer created by Coinbase, in a move to create a platform companies can use to accept stablecoins.
Separately, the corporate card and expense-management platform Ramp Business Corp. said it has made stablecoin-based accounts and payments generally available to client businesses, adding the cryptocurrency to its services supporting transactions in fiat currency. Indeed, services supporting these transactions are of a piece with the system businesses use for cards and banking, the company says.
“With stablecoin accounts, whether you’re paying a vendor in dollars, USDT, or USDC, it’s the same approval, the same controls, and the same books. That’s what it takes for stablecoins to become genuinely useful to every business, not just for crypto companies,” says Andrew Chapello, New York City-based Ramp’s stablecoin product manager, in a statement. USDC and USDT are stablecoins issued by Circle Internet and Tether, respectively.
