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first_img Mesh collaborates with Visa, allowing encrypted balances to be spent at 175 million merchants

Cryptocurrency payment infrastructure company Mesh announced a partnership with Visa, allowing users to directly spend their cryptocurrency and stablecoin balances from participating wallet applications at over 175 million merchant locations worldwide. This integration supports both offline and online payments through Visa credentials configured in the backend, with Mesh responsible for transaction fund transfers and currency conversion, so users do not need to sell or transfer assets in advance.Bam Azizi, CEO and co-founder of Mesh, stated that cryptocurrency has never been a consumption issue, but rather a "last mile" problem, and previously solving this issue meant needing to obtain a separate card. Mesh handles fund transfers and conversions, allowing balances to be converted into purchasing power at the moment of payment, without users needing to transfer any assets, and merchants not needing to make any changes. The specific launch date of this partnership, supported devices, and participating platforms have not yet been announced.Mesh is a cryptocurrency payment infrastructure company that previously supported the launch of PayPal's "Pay with Crypto" service. In August 2025, institutions such as PayPal Ventures and Coinbase Ventures raised Mesh's total funding to over $130 million. In January of this year, Mesh completed a $75 million Series C funding round led by Dragonfly, entering the unicorn ranks. This partnership is also Visa's latest initiative to continuously integrate cryptocurrency assets into its merchant network, having previously engaged in similar collaborations with WeFi, Bridge, and others.

first_img Troy Cross: Bitcoin balances unlimited printing; the academic community will ultimately accept Bitcoin

In an interview video published by Bitcoin Magazine, philosopher Troy Cross provided answers on whether Bitcoin can truly achieve "the separation of money and state." He stated that he does not expect governments to abandon printing money anytime soon, but believes that Bitcoin serves as a check against endless monetary expansion, as people will choose to seek refuge in Bitcoin.Cross believes that academia will be the last group to understand Bitcoin, following innovators, financial practitioners, and journalists. He mentioned that the "Getting Bitcoin" initiative has made it to The Wall Street Journal, with related Bitcoin articles receiving 4 to 6 times the normal click rates. He also cited a survey from the Nakamoto Project, indicating that Bitcoin is moving towards normalization, while also increasingly showing signs of partisanship and polarization.In the interview, Cross also discussed the branding issues Bitcoin faces, as it is often confused with the broader category of crypto assets, and why price trends, education, and "Number Go Up" have become a universal language. He mentioned the need to bridge the gap and reach the 82% of people who do not yet hold Bitcoin, and explained how Bitcoin can keep governments honest. The video chapters also touched on the setbacks of the Clarity Act and why Bitcoin continues to move forward.

first_img Avalanche stated that the South Korean KSD platform will support its ledger, with Samsung SDS aiming for completion in February 2027

Avalanche announced on October 13 that the Korean Securities Depository (KSD) is "building infrastructure connections based on Avalanche" for the Korean securities tokenization market. KSD's technical guidelines confirm that Avalanche is one of several ledger technologies supported by its platform plan; Avalanche's post states that the plan covers issuance, trading, clearing, settlement, and investor rights, ultimately achieving on-chain settlement.KSD's distributed ledger guidelines (reflecting development as of July 2026) place Avalanche alongside Hyperledger Besu and Hyperledger Fabric, committing to support multiple ledger technologies rather than positioning Avalanche as the sole option for Korean securities infrastructure. The project has transitioned from a testing ground to the construction phase of a production platform, with Samsung SDS winning the bid to build it, aiming to convert the technology testing platform into a system that supports real transactions and stable operations, with a target completion date of February 2027.The roadmap released by the Korean Financial Services Commission in September shows that the revised terms for recognizing tokenized securities will take effect on February 4, 2027, with the first phase launching in the same month, initially covering private money market funds and bonds aimed at institutional investors, non-listed stocks held through trust structures, and publicly issued fractional investment securities. The second phase will expand to all publicly issued securities. On-chain payments related to stablecoins belong to the final phase, and the commission remains flexible on the timing for the second and third phases, setting November 11 as the deadline for public consultation on the implementation regulations.

first_img Palantir executives say AI researchers have started smoking, betting that AI will cure cancer

Palantir's Chief Technology Officer Shyam Sankar stated in an interview on CBS News' "Face the Nation" that many AI researchers have started smoking to demonstrate their confidence in AI to other researchers. He quoted the attitude of such researchers saying, "I truly believe in AI; it will cure cancer, so I’m showing you that I’m all in." Sankar did not name any specific researcher nor cite survey data; this statement was made in passing when host Margaret Brennan pressed him on why he was so focused on the topic.In the interview, Sankar referred to effective altruism as a "millennial-style doomsday cult" and mentioned FTX founder Sam Bankman-Fried as the most well-known representative of the movement. He also cited Pascal's idea that everyone has a "God-shaped hole" in their heart, claiming that some researchers are trying to fill this hole with a machine god called AGI.Medical data contrasts with this claim. The U.S. CDC states that smoking causes about one-third of cancer deaths in the U.S., and cigarette smoke contains at least 69 known carcinogenic chemicals, with smokers being about 25 times more likely to develop lung cancer than non-smokers. Anthropic CEO Dario Amodei stated in August that the promise of AI curing cancer is "more of a cliché than inspiring," and that only a true cure for cancer can win public trust. CBS polling shows that 50% of Americans believe the problems created by AI outweigh the problems it solves, and 45% want the government to limit the use and development of AI.

first_img Decrypt launches Money Accounts on Solana, unifying balance coverage for prediction markets and perpetual contracts

According to Decrypt, Decrypt has announced that its self-custody Money Accounts are now live on Solana, providing readers with a single balance that can be used across all Decrypt products to support its financial and intelligence market, The Information Exchange. Decrypt co-founder Ilan Hazan stated that the goal is to achieve one account and one balance, allowing users to utilize various financial tools directly from where they obtain information, from prediction markets to perpetual contracts and swaps. Users can manage all positions in one place without worrying about wallets, cross-chain bridges, or public chains, with relevant partners to be announced in the coming weeks.Deposits and balances are denominated in USDT on Solana, and the same balance can support products such as Earn, Swaps, Predictions, and Perps. Gas and rent are sponsored through joint signatures by payers, so users do not need to hold SOL or consider network fees. The account operates in a self-custody mode, meaning Decrypt does not hold private keys and cannot perform operations on behalf of users, with a private key export feature coming soon. Cross-chain operations are completed at the underlying level; for example, the Myriad Predictions market settles on the BNB Chain, yet users can still trade using the same Solana USDT balance without needing to interact with a cross-chain bridge.Existing Myriad Wallet users can directly use Decrypt Money Accounts, with one account and one balance covering both Decrypt and Myriad without the need for migration.
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