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Binance is reportedly preparing to lead a new funding round for crypto payments firm Mesh that could value the company at up to $2 billion. The round is said to be driven by rising demand for tools that move value between digital assets and fiat in payments and transfers.
8:59 PMPYMNTSCrédit Agricole has bought Worldline’s stake in Cawl, taking full ownership of the merchant payment services joint venture formed in 2023. The companies did not disclose financial terms.
8:01 PMFinextraSummary
Binance is reportedly preparing to lead a new funding round for crypto payments firm Mesh that could value the company at up to $2 billion. The round is said to be driven by rising demand for tools that move value between digital assets and fiat in payments and transfers.
Why it matters
A Binance-led round would accelerate consolidation in crypto payments infrastructure and raise the stakes for regulated onramps and card and bank partners.
Summary
Crédit Agricole has bought Worldline’s stake in Cawl, taking full ownership of the merchant payment services joint venture formed in 2023. The companies did not disclose financial terms.
Why it matters
It signals banks pushing for tighter control of merchant payments economics while large processors retrench to focus on core scale advantages.
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