Gate Ventures Announces Strategic Investment in Mesh to Advance Crypto Payments Infrastructure
Summary
Gate Ventures, the venture capital arm of Gate.com, announced a strategic investment in Mesh, a crypto payments network focused on unifying wallets, exchanges, and fiat rails via a single integration layer. Gate Ventures believes stablecoins and crypto payments are crucial infrastructure but are hindered by fragmentation, positioning Mesh to abstract this complexity. Mesh, founded in 2020, builds a horizontal connectivity layer allowing businesses to integrate crypto payments, deposits, and settlements through one API by aggregating integrations across the ecosystem. Its platform offers unified connectivity, on/off-ramp aggregation, payment orchestration, and merchant integrations, aiming to be the foundational layer for stablecoin-powered payments. Gate Ventures favors Mesh's horizontal, connectivity-first approach over siloed networks, viewing it as core infrastructure connecting traditional payments with the on-chain economy.
(Source:BeInCrypto)