Shift4 Unveils Global Crypto Payment Capabilities
Shift4 (NYSE: FOUR) has launched Pay with Crypto, becoming the first major payments company to enable global cryptocurrency acceptance for businesses. The solution allows merchants to accept various cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and major stablecoins, with automatic conversion to US dollars for settlement.
The feature will be implemented across different Shift4 products and business verticals, with TAO Group and BLADE among the first customers. Shift4 has partnered with Mesh to provide secure account linking for exchange and wallet connections. The launch responds to growing crypto adoption, with the cryptocurrency market reaching $3 trillion and over 600 million users globally.
Shift4 (NYSE: FOUR) ha lanciato Pay with Crypto, diventando la prima grande azienda di pagamenti a consentire l'accettazione globale di criptovalute per le imprese. La soluzione consente ai commercianti di accettare diverse criptovalute tra cui Bitcoin (BTC), Ethereum (ETH), Solana (SOL) e principali stablecoin, con conversione automatica in dollari statunitensi per il pagamento.
La funzionalità sarà implementata attraverso diversi prodotti e settori di Shift4, con TAO Group e BLADE tra i primi clienti. Shift4 ha collaborato con Mesh per fornire un collegamento sicuro agli account per lo scambio e le connessioni ai portafogli. Questo lancio risponde all'aumento dell'adozione delle criptovalute, con il mercato delle criptovalute che ha raggiunto i 3 trilioni di dollari e oltre 600 milioni di utenti a livello globale.
Shift4 (NYSE: FOUR) ha lanzado Pay with Crypto, convirtiéndose en la primera gran empresa de pagos en habilitar la aceptación global de criptomonedas para negocios. La solución permite a los comerciantes aceptar varias criptomonedas, incluidas Bitcoin (BTC), Ethereum (ETH), Solana (SOL), y principales stablecoins, con conversión automática a dólares estadounidenses para el asentamiento.
La función se implementará en diferentes productos y verticales de Shift4, siendo TAO Group y BLADE algunos de los primeros clientes. Shift4 se ha asociado con Mesh para proporcionar una vinculación segura de cuentas para conexiones de intercambio y billeteras. Este lanzamiento responde a la creciente adopción de criptomonedas, con el mercado de criptomonedas alcanzando los 3 trillones de dólares y más de 600 millones de usuarios a nivel mundial.
Shift4 (NYSE: FOUR)는 Pay with Crypto를 출시하여 글로벌 암호화폐 수용을 가능하게 한 첫 번째 주요 결제 회사가 되었습니다. 이 솔루션은 상인들이 Bitcoin (BTC), Ethereum (ETH), Solana (SOL) 및 주요 스테이블코인을 포함한 다양한 암호화폐를 수용할 수 있도록 하며, 정산을 위해 자동으로 미국 달러로 변환됩니다.
이 기능은 여러 Shift4 제품 및 비즈니스 수직에 걸쳐 구현될 예정이며, TAO Group과 BLADE가 첫 번째 고객 중 하나가 됩니다. Shift4는 거래소 및 지갑 연결을 위한 안전한 계정 연결을 제공하기 위해 Mesh와 협력했습니다. 이 출시는 암호화폐 채택이 증가하는 데 대응하며, 암호화폐 시장은 3조 달러에 도달하고 전 세계적으로 6억 명 이상의 사용자가 있습니다.
Shift4 (NYSE: FOUR) a lancé Pay with Crypto, devenant ainsi la première grande entreprise de paiement à permettre l'acceptation mondiale des cryptomonnaies pour les entreprises. La solution permet aux commerçants d'accepter diverses cryptomonnaies, y compris Bitcoin (BTC), Ethereum (ETH), Solana (SOL), et des stablecoins majeurs, avec conversion automatique en dollars américains pour le règlement.
La fonctionnalité sera mise en œuvre à travers différents produits et secteurs d'activité de Shift4, avec TAO Group et BLADE parmi les premiers clients. Shift4 s'est associé à Mesh pour fournir un lien sécuritaire des comptes pour les échanges et les connexions de portefeuille. Ce lancement répond à l'adoption croissante des cryptomonnaies, le marché atteignant 3 trillions de dollars et plus de 600 millions d'utilisateurs dans le monde.
Shift4 (NYSE: FOUR) hat Pay with Crypto eingeführt und ist damit das erste große Zahlungsunternehmen, das die globale Akzeptanz von Kryptowährungen für Unternehmen ermöglicht. Die Lösung ermöglicht es Händlern, verschiedene Kryptowährungen wie Bitcoin (BTC), Ethereum (ETH), Solana (SOL) und gängige Stablecoins zu akzeptieren, mit automatischer Umwandlung in US-Dollar für die Abrechnung.
Diese Funktion wird in verschiedenen Produkten und Geschäftsbereichen von Shift4 implementiert, wobei TAO Group und BLADE zu den ersten Kunden gehören. Shift4 hat mit Mesh zusammengearbeitet, um eine sichere Kontoverknüpfung für Austausch- und Wallet-Verbindungen bereitzustellen. Der Start reagiert auf die zunehmende Akzeptanz von Krypto, da der Kryptowährungsmarkt 3 Billionen Dollar erreicht hat und es weltweit über 600 Millionen Nutzer gibt.
- First major payments company to offer global crypto payment acceptance
- Automatic conversion of crypto to USD for merchant settlement reduces risk
- Partnership with established businesses TAO Group and BLADE as early adopters
- Integration with existing payment infrastructure simplifies merchant adoption
- Staged rollout may delay full implementation across all products
- Cryptocurrency market volatility could affect adoption rates
Insights
The launch of global crypto payment capabilities represents a significant strategic move for Shift4, positioning them ahead of major payment processors in the crypto space. This initiative targets the growing
The key competitive advantages include:
- Automatic conversion to USD, eliminating volatility risk for merchants
- Support for major cryptocurrencies including Bitcoin, Ethereum and stablecoins
- Integration with existing POS and ecommerce systems
This development could significantly expand Shift4's addressable market, particularly in sectors where crypto adoption is growing rapidly. The company's existing strong presence in hospitality, entertainment and stadium venues provides a natural customer base for crypto payment adoption.
The timing is strategic as mainstream crypto adoption continues to grow. By simplifying the integration process and handling currency conversion, Shift4 removes key barriers to merchant adoption. This first-mover advantage in the major payment processor space could help capture market share, especially among merchants seeking to attract younger, tech-savvy consumers.
Shift4 becomes the first major payments company to offer a seamless way for merchants to accept crypto around the world
Shift4 launches Pay with Crypto (Graphic: Shift4)
Shift4 has made a name for itself solving complex payment problems that aren’t being addressed by legacy players. Simplifying crypto payments for merchants globally is in line with Shift4’s history of innovation.
“Shift4 powers a significant portion of restaurants, hotels, stadiums, theme parks, and other incredible experiences across the nation and increasingly, around the world. Our commitment is to provide innovative payment solutions for both consumers and businesses. With the rapid growth of crypto in everyday purchases, we are fully supporting this next evolution in commerce – and we intend to lead it.” - Jared Isaacman, Shift4 CEO
Shift4 merchants will be able to accept payments in a variety of cryptocurrencies from around the world, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), US Dollar Coin (USDC) and other major stablecoins. The new feature will be rolled out in stages across the different Shift4 products and business verticals. All payments in cryptocurrency will automatically be converted to US dollars and settled to the merchant.
“Shift4’s crypto products are focused on making crypto acceptance as easy as traditional credit & debit cards. We abstract away all the complexities for merchants so they never need to deal with crypto directly. There is no reason that taking crypto payments should be complicated and our solution gives our merchants peace of mind.” - Alex Wilson, Head of Crypto at Shift4
Crypto payments have grown in popularity as the cryptocurrency market capitalization reached
To build this product, Shift4 has combined their expertise in global payments with the expertise of Mesh. Mesh will provide secure account linking to help users connect to their exchange or wallet accounts to improve conversion rates.
To learn more about this product or to sign up, please contact us here.
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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241028518762/en/
Media Contact:
Nate Hirshberg
SVP, Marketing
Shift4
nhirshberg@shift4.com
Source: Shift4
FAQ
What cryptocurrencies does Shift4's Pay with Crypto accept?
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