Crypto Tech Expands With Moves by Mesh And Miracle Pay

The world’s payments systems are still a long way from adopting digital currencies as a standard medium of exchange, but day by day the path to that future gets clearer. Early Monday, a 6-year-old cryptocurrency network called Mesh said it is widening an existing integration with Base, a crypto app developer created by Coinbase, to build a platform companies can use to accept stablecoins.

Mesh, whose services reach exchanges, digital wallets, and other platforms, enables stablecoin acceptance for businesses, with settlement in either stablecoins or local fiat money. Now, with the new integration, Base will offer settlement to hundreds of wallets and platforms, the parties say, on and off the Base platform.

“Base has one of the largest and broadest consumer ecosystems in crypto, with a huge number of applications and real payment volume running on top of it. With this expanded integration, enterprises using Mesh can give their users the kind of seamless experience they expect from any modern payments product,”  says Bam Azizi, Mesh’s cofounder, in a statement.

Mesh has recently established links to various companies, including the stablecoin giant Circle, and also launched Mesh Wallet, developed for agentic commerce.

In related news, Miracle Pay, a processor for payments based on digital currency, said it will work with Bitso, a digital-asset platform, to offer services including onboarding, processing, and settlement for merchants throughout Latin America, starting with Mexico.

The initiative, aimed at speeding up merchant acceptance of digital currency throughout Latin America, leaves Miracle Pay with responsibility for recruiting and enabling merchants for the service, while Bitso will offer settlement, the parties say. Bitso says its capabilities include conversion of local fiat currencies into U.S. dollar-backed stablecoins.

The service presents itself to merchants as easy to adopt and offering acceptance routines they are familiar with. “Latin America is rapidly becoming a region where payment infrastructure must evolve in step with the speed and complexity of modern commerce,” said Hector Ramirez, Bitso Business’s head of sales, in a statement.