Gate Ventures announces strategic investment in Mesh, building its crypto-native payment infrastructure.
PANews reported on February 3 that Gate Ventures, the venture capital arm of Gate.com, announced a strategic investment in the crypto payment network Mesh. Mesh aims to build a unified payment connectivity layer, enabling wallets, exchanges, payment service providers, and fiat currency deposits and withdrawals through a single API, thereby reducing the system complexity of crypto and fiat currency payments.
Gate Ventures states that stablecoins and crypto-native payments are rapidly evolving into the next generation of financial infrastructure, but the industry remains highly fragmented. Mesh, by abstracting multiple payment tracks into a unified payment layer, enables seamless value transfer across ecosystems and regions, and has the potential to become a critical infrastructure. Mesh aggregates wallets, exchanges, banks, deposit and withdrawal gateways, and payment service providers, supporting crypto payments, fund deposits and withdrawals, and stablecoin settlements, and providing secure and scalable execution capabilities for merchants, PSPs, and AI-driven automated transaction scenarios.
Gate Ventures believes that Mesh, with its "connectivity-first" horizontal architecture, is poised to play a key connecting role between the traditional payment system and the on-chain economy.
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