Crypto Payments Network Mesh Secures $82 Million in Series B Funding
Crypto payments network Mesh has recently announced that it has raised an impressive $82 million in its Series B funding round. This significant investment will be used to expand the company’s blockchain-based settlement network globally.
About Mesh
Mesh is a crypto payments network that aims to make transactions faster, cheaper, and more secure than traditional methods. The company uses blockchain technology to facilitate peer-to-peer transactions, eliminating the need for intermediaries and reducing transaction fees.
The Funding Round
The Series B funding round was led by PayPal Ventures, the venture capital arm of PayPal, with participation from other investors such as Stripe, Coinbase Ventures, and Digital Currency Group. This investment brings Mesh’s total funding to date to over $100 million.
Expansion Plans
With the new funding, Mesh plans to expand its network to more countries and onboard more merchants and partners. The company also intends to invest in research and development to improve its technology and enhance the user experience.
Impact on Consumers
For consumers, the expansion of Mesh’s network means more options for crypto payments. This could lead to increased adoption of cryptocurrencies as a means of payment, especially in countries where traditional payment methods are less accessible or expensive. Additionally, the use of blockchain technology could make transactions more secure and transparent.
Impact on the World
On a larger scale, the success of Mesh and other crypto payments networks could disrupt the traditional financial industry. By eliminating the need for intermediaries and reducing transaction fees, crypto payments could make financial transactions more accessible and affordable for people around the world. Additionally, the use of blockchain technology could increase transparency and security in financial transactions, reducing the risk of fraud and error.
Conclusion
The $82 million Series B funding round for Mesh is a significant step forward for the crypto payments industry. With the support of major investors such as PayPal, the company is well-positioned to expand its network and bring crypto payments to more people around the world. The impact on consumers and the financial industry as a whole could be substantial, making transactions faster, cheaper, and more secure.
- Crypto payments network Mesh raises $82 million in Series B funding
- Funding led by PayPal Ventures, participation from other investors
- Funds to be used for expansion and R&D
- Impact on consumers: more options for crypto payments, increased adoption of cryptocurrencies
- Impact on the world: disruption of traditional financial industry, increased accessibility and affordability of financial transactions
