Bybit Pay partners with Mesh to expand crypto payments

This integration signals a shift toward making exchange-held assets spendable without the friction of withdrawals, which could broaden crypto's utility in everyday transactions. For Bybit users, it removes a step in the payment flow, potentially increasing the appeal of keeping funds on the exchange rather than in self-custody. The significance lies in how payment networks like Mesh are becoming intermediaries between exchanges and merchants, effectively turning exchange balances into a payment rail. What matters next is whether this model gains traction beyond Bybit's ecosystem, as competitive pressure may push other exchanges to offer similar direct-spend capabilities.