STOCK TITAN

Shift4 Teams Up with Mesh to Offer Merchants Crypto Payment Capabilities in Over 45 Countries

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Shift4 (NYSE: FOUR) has partnered with Mesh to enable crypto payment capabilities for over 200,000 merchants across 45+ countries. The integration allows automatic conversion of cryptocurrency payments into local currencies with seamless settlement. This makes Shift4 the first global payments company to offer one-click cryptocurrency acceptance to its merchants.

The initiative follows Shift4's acquisition of The Giving Block in 2022 and responds to growing crypto payment demand, with a Deloitte report indicating 64% of merchants noting significant customer interest in digital currency payments. TAO Group and BLADE will be among the first customers to implement this new capability.

Shift4 (NYSE: FOUR) ha collaborato con Mesh per abilitare le funzionalità di pagamento in criptovalute per oltre 200.000 commercianti in più di 45 paesi. L'integrazione consente la conversione automatica dei pagamenti in criptovalute nelle valute locali con un regolamento senza soluzione di continuità. Questo rende Shift4 la prima azienda globale di pagamenti a offrire l'accettazione delle criptovalute con un clic ai propri commercianti.

L'iniziativa segue l'acquisizione da parte di Shift4 di The Giving Block nel 2022 e risponde alla crescente domanda di pagamenti in criptovalute, con un rapporto di Deloitte che indica che il 64% dei commercianti nota un significativo interesse da parte dei clienti per i pagamenti in valuta digitale. Il TAO Group e BLADE saranno tra i primi clienti a implementare questa nuova capacità.

Shift4 (NYSE: FOUR) se ha asociado con Mesh para habilitar capacidades de pago en criptomonedas para más de 200,000 comerciantes en más de 45 países. La integración permite la conversión automática de pagos en criptomonedas a monedas locales con liquidación sin problemas. Esto convierte a Shift4 en la primera empresa global de pagos en ofrecer aceptación de criptomonedas con un solo clic a sus comerciantes.

La iniciativa sigue a la adquisición de Shift4 de The Giving Block en 2022 y responde a la creciente demanda de pagos en criptomonedas, con un informe de Deloitte que indica que el 64% de los comerciantes ha notado un interés significativo por parte de los clientes en los pagos con moneda digital. TAO Group y BLADE serán algunos de los primeros clientes en implementar esta nueva capacidad.

Shift4 (NYSE: FOUR)는 Mesh와 협력하여 45개 이상의 국가에서 200,000명 이상의 상인을 위한 암호화폐 결제 기능을 지원합니다. 이 통합은 암호화폐 결제를 현지 통화로 자동 변환하고 비즈니스가 원활하게 정산할 수 있게 합니다. 이를 통해 Shift4는 상인에게 원클릭 암호화폐 수용을 제공하는 최초의 글로벌 결제 회사가 되었습니다.

이 이니셔티브는 Shift4가 2022년에 The Giving Block을 인수한 데 이어 발생했으며, Deloitte 보고서에 따르면 64%의 상인이 디지털 통화 결제에 대한 고객의 관심이 증가하고 있음을 나타내고 있습니다. TAO Group과 BLADE는 이 새로운 기능을 구현하는 첫 번째 고객 중 하나가 될 것입니다.

Shift4 (NYSE: FOUR) s'est associé à Mesh pour permettre des capacités de paiement en cryptomonnaie pour plus de 200 000 commerçants dans plus de 45 pays. L'intégration permet la conversion automatique des paiements en cryptomonnaie en devises locales avec un règlement fluide. Cela fait de Shift4 la première entreprise de paiement mondial à proposer l'acceptation des cryptomonnaies en un clic à ses commerçants.

Cette initiative fait suite à l'acquisition par Shift4 de The Giving Block en 2022 et répond à la demande croissante de paiements en cryptomonnaie, un rapport de Deloitte indiquant que 64 % des commerçants notent un intérêt significatif des clients pour les paiements en devises numériques. TAO Group et BLADE seront parmi les premiers clients à mettre en œuvre cette nouvelle capacité.

Shift4 (NYSE: FOUR) hat sich mit Mesh zusammengeschlossen, um Krypto-Zahlungsfunktionen für über 200.000 Händler in mehr als 45 Ländern zu ermöglichen. Die Integration erlaubt die automatische Umwandlung von Kryptowährungszahlungen in lokale Währungen mit nahtloser Abrechnung. Dadurch wird Shift4 zum ersten globalen Zahlungsunternehmen, das seinen Händlern die Akzeptanz von Kryptowährungen mit einem einzigen Klick anbietet.

Die Initiative folgt auf die Übernahme von The Giving Block durch Shift4 im Jahr 2022 und reagiert auf die wachsende Nachfrage nach Krypto-Zahlungen, wobei ein Deloitte-Bericht anzeigt, dass 64 % der Händler ein signifikantes Interesse der Kunden an digitalen Währungszahlungen verzeichnen. TAO Group und BLADE werden zu den ersten Kunden gehören, die diese neue Funktion implementieren.

Positive
  • Integration enables crypto payments for 200,000+ merchants across 45+ countries
  • Automatic conversion of crypto to local currencies reduces merchant risk
  • First-mover advantage as the first global payments company offering one-click crypto acceptance
  • Early adoption by major customers TAO Group and BLADE
Negative
  • None.

Insights

This strategic partnership marks a significant milestone in mainstream crypto adoption. The integration enables 200,000+ merchants across 45+ countries to accept cryptocurrency payments with automatic conversion to local currencies. This eliminates a major barrier for merchants who want to accept crypto without dealing with price volatility risks.

The partnership builds on Shift4's previous crypto initiatives, including The Giving Block acquisition, showcasing a committed long-term strategy in the digital currency space. With 600 million crypto users globally and growing merchant demand (64% according to Deloitte), this positions Shift4 as a first-mover among global payment processors. The automatic conversion feature and integration with major players like Coinbase and MetaMask significantly reduces technical barriers to entry for merchants.

Shift4's first-mover advantage in global crypto payment processing could translate to significant market share capture. The timing is strategic, coinciding with increased institutional adoption of digital currencies and growing merchant interest in crypto payments. Early adoption by high-profile clients like TAO Group and BLADE validates the market demand and could accelerate adoption among other premium merchants.

Mesh's backing from established financial institutions ($45M from PayPal Ventures, Galaxy, etc.) adds credibility to the partnership and reduces implementation risks. This integration could drive additional transaction volume for Shift4, particularly in markets with high crypto adoption rates or unstable local currencies.

The integration will enable more than 200,000 merchants to automatically convert crypto payments into local currencies

SAN FRANCISCO, Oct. 28, 2024 /PRNewswire/ -- Mesh, the modern connectivity layer for crypto that makes payments and deposits seamless, unveiled its new integration with Shift4 (NYSE: FOUR), the global leader in integrated payments and commerce technology. Shift4's new feature, powered by Mesh, will now allow its merchants to accept crypto payments worldwide, making it the first global payments leader to allow its customers to accept cryptocurrency with one click.

Thanks to Mesh's secure, scalable API infrastructure, crypto payments will automatically be converted into local currencies and seamlessly settled, reducing complexity for merchants and eliminating conversion risks.

"Our team is excited to bring crypto payments mainstream," said Alex Wilson, Head of Crypto at Shift4. "This has been a goal of ours ever since the acquisition of The Giving Block in 2022 and the formation of the Crypto Innovation Center at Shift4. We're excited to be the first global payments company offering this to our merchants."

As demand for crypto payments keeps growing, a Deloitte report found that two-thirds (64%) of merchants found that their customers have significant interest in using digital currencies for payments. With over 600 million crypto users and increased interest in stablecoins, Shift4's new feature is designed to meet that demand, providing a secure and efficient way for merchants worldwide to tap into the crypto economy. TAO Group and BLADE will be among some of the first customers to use the new capability. Both have already had substantial interest from their customers for crypto payment options.

"People often forget that Bitcoin started as peer-to-peer electronic cash, not as an investment asset," said Bam Azizi, CEO and Co-Founder at Mesh. "These new features not only represent a significant leap forward for the crypto industry, but also a return to the original vision of truly decentralized digital payments. We are very proud to partner with an industry leader like Shift4 and are excited to help them unlock these benefits for their merchants. "

With over $45M in backing from top investors including PayPal Ventures, Galaxy, and Revolut's QuantumLight, Mesh is rapidly becoming a major player in the crypto space, launching integrations with industry leaders like Coinbase, MetaMask, and MoonPay.

About Mesh
Founded in 2020, Mesh aims to build an open, connected, and secure crypto ecosystem. As the modern connectivity layer for crypto, Mesh unlocks new use cases such as crypto payments and payouts, deposits, on and off-ramping, transfers, and more within a unified platform. With over 300 integrations, Mesh is pioneering the creation of a connected and embedded crypto ecosystem that benefits both businesses and users. For more information, visit https://www.meshconnect.com.

About Shift4
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com.

Contact: mesh@greenbrier.partners 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/shift4-teams-up-with-mesh-to-offer-merchants-crypto-payment-capabilities-in-over-45-countries-302288112.html

SOURCE Mesh

FAQ

What is Shift4's (FOUR) new crypto payment feature?

Shift4's new feature, powered by Mesh, enables merchants to accept cryptocurrency payments with automatic conversion to local currencies across 45+ countries, making it the first global payments company to offer one-click crypto acceptance.

How many merchants can use Shift4's (FOUR) crypto payment system?

Over 200,000 merchants globally can access Shift4's crypto payment capabilities through the Mesh integration.

Which companies are the first to use Shift4's (FOUR) crypto payment feature?

TAO Group and BLADE are among the first customers to implement Shift4's new crypto payment capability.

When did Shift4 (FOUR) announce its partnership with Mesh for crypto payments?

Shift4 announced its partnership with Mesh for crypto payment capabilities on October 28, 2024.

Shift4 Payments, Inc.

NYSE:FOUR

FOUR Rankings

FOUR Latest News

FOUR Stock Data

7.61B
67.62M
1.56%
106.34%
11.56%
Software - Infrastructure
Services-business Services, Nec
Link
United States of America
CENTER VALLEY