cryptojournalist
Mesh, a PayPal-backed fintech startup, has partnered with Paribu, Turkey’s leading cryptocurrency exchange, to make crypto payments easier for users across the web3 ecosystem. Announced on October 1, the partnership makes Paribu Mesh’s exclusive exchange partner in Turkey, allowing users to connect to hundreds of platforms, including wallets like MetaMask.Turkey, which ranks 11th globally in crypto adoption according to Chainalysis, is a key player in the cryptocurrency market.
This collaboration aims to simplify the crypto experience for Paribu users by eliminating the hassle of long crypto addresses or QR codes, making managing crypto accounts much more straightforward.Mesh’s CEO, Bam Azizi, called this partnership a big step toward boosting crypto adoption in Turkey. Paribu’s founder, Yasin Oral, highlighted how the collaboration links over 300 platforms in the web3 space, creating a stronger global crypto network.The partnership arrives just as Turkey has decided not to impose a tax on cryptocurrency profits this year, signaling a more favorable environment for the crypto sector.Mesh, founded in 2020 by Bam Azizi and Adam Israel, has been making waves in the fintech world. It raised $22 million in a Series A funding round in 2023, backed by major investors like Money Forward, Galaxy, Samsung Next, and PayPal Ventures.
