Visa and @meshpay are making stablecoins spendable in 175m merchants
I saw this and I thought it was a Visa direct integration.
It's FAR more interesting.
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The partnership is consumers to pay in-store and online directly from the balances they already hold in their wallet apps.
This means anyone with the Mesh pay SDK (Klashi, Coinbase, Polymarket) can pay from their stablecoin balance.
But how it works is fascinating.
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Mesh issues a "ghost card" (a virtual card) that the user doesn't see, tagged to the KYC of the wallet holder.
So as you go to pay, you can tap to pay, and use your balance from those wallets
This "ghost card" for wallets is super super interesting.
The merchant gets a regular card payment.
Platforms who have lots of users can enable card payments without ever launching a card program.
Super curious to see if this gets traction and competes meaningfully with Rain or Wirex.
@deepseek_ai just released V4.1-Flash-1017 as open weights under MIT: 763B parameters, 1M context, big coding gains. Two days after China drafted export curbs on advanced models. You could not schedule this better.
Great to see @fluencitysocial , a start up I am invested in run by two incredibly smart guys @ShashankJarial and @shu8ham_ featured in this @livemint piece by Rudrani. They have built something unique. This is a good read.