A LinkedIn post from Mesh highlights what it describes as a structural limitation in crypto payment networks built by exchanges, which both provide infrastructure and compete for asset custody. According to the post, this dynamic can constrain network breadth because key wallets and exchanges may be disincentivized to participate.
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The post suggests that Mesh’s model, which is based on transaction volume rather than asset custody, is intended to align incentives for broader integration. Mesh indicates that more than 300 wallets and exchanges are connected to its network, including Coinbase, which it notes holds 80% of U.S. crypto assets.
As shared in the post, PayPal reportedly selected Mesh to provide crypto payment infrastructure rather than building an in-house solution. For investors, this positioning may imply potential for recurring, volume-linked revenue and deeper integration into consumer and fintech payment flows.
If Mesh can continue to add major wallets and exchanges, it could strengthen its role as a neutral connectivity layer in the crypto value chain. This could enhance its competitive moat versus exchange-owned infrastructure and potentially improve its long-term monetization and partnership prospects in both crypto and traditional payments.