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The platform is giving Web3 businesses and DAOs a boost by issuing corporate Visa credit cards, bridging fiat and crypto payments for Web3 projects
Mesha, the all-in-one smart money management tool for Web3 startups and DAOs, announces that it is opening the waiting list for access to its corporate credit card program that bridges fiat and crypto. The platform now enables Web3 companies and DAOs to issue and use Visa credit cards based on the balance in their decentralized, multi-signature crypto wallets.
There’s a palpable change in the air, as Web3 businesses grow increasingly frustrated by traditional fiat banking institutions. An often overlooked aspect of banking for startups is being able to access credit without having to first convert digital assets to fiat. Without a credit card, these startups also miss out on the ability to earn rewards and cashback. Unfortunately, many traditional banks still don’t recognize crypto assets for the purposes of underwriting and therefore deny Web3 startups access to a bank-linked Visa or Mastercard.Â
Mesha solves this problem and simplifies Web3 project spending by providing teams with a scalable, free corporate card program to easily manage expenses. The platform’s streamlined program gives Web3 companies and DAOs unlimited access to physical and virtual credit cards instantly with a quick, hassle-free signup process. Users can easily customize their card program with mesha’s suite of tools that allows them to set up spending limits, approval processes, transaction limits and restrictions for merchants, and even to add a manual expiry date that de-activates cards automatically.Â
With Visa being one of the most widely accepted cards, Web3 teams will be able to use their corporate crypto assets at millions of merchants around the globe. It also helps projects free up assets by accessing credit. Built on the foundations of decentralization, mesha eliminates unnecessary fees for users and increases rewards. In addition to the platform being free to use, mesha ensures cardholders receive up to one percent cashback on all their spending – helpful for startups who want to extend their runway. Additionally, mesha gives one percent of all its earnings to support the education of girls around the world.
Additional features on the mesha-issued virtual credit card include real-time insights on user spending and the ability to download the mobile app on Android and iOS to access and link cards to Apple Pay and Samsung Pay.
“We’re cognizant of the deep inequalities that continue to exist,” said Tahem Verma, Co-Founder and CEO of mesha. “As we transition to Web3, we have the opportunity to change that narrative, from handing power back to the builders and users of the next generation of the internet, to uplifting those marginalized by society. Mesha eliminates the need for users to keep their crypto in a centralized custodian, as the balance in their multi-signature wallet provides them with a credit limit. In addition, mesha helps Web3 native organizations manage their fiat payments, extend their runway, and pay for expenses while facilitating the ecosystem’s growth by enabling Web3 teams to scale faster and focus on building.”
Those interested in getting a corporate credit card or more information can visit mesha’s website.
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