Shift4’s “Pay with Crypto” enables global merchants to accept cryptocurrency easily, facilitating crypto-to-local currency conversion and simplifying crypto payments.
By Temitope Olatunji
Edited by Julia Sakovich
Updated
3 mins read
Global payment company Shift4 has unveiled a new project called “Pay with Crypto”, making it the first payment company that allows business owners to easily accept crypto payments. This new Shift4 feature was powered by Mesh, a connectivity layer for crypto that makes payment and deposit easy.
Shift4‘s new feature, built on the Mesh scalable infrastructure, will make it easy to convert crypto payments into local currency. This helps merchants avoid the complicated steps and risks of converting crypto.
With this feature, Shift4 users can accept payments in different types of cryptocurrency, like Bitcoin BTC $83 474 24h volatility: 1.1% Market cap: $1.66 T Vol. 24h: $26.44 B , Ethereum ETH $1 843 24h volatility: 1.4% Market cap: $222.33 B Vol. 24h: $16.35 B , Solana SOL $126.0 24h volatility: 0.5% Market cap: $64.45 B Vol. 24h: $3.65 B , and stablecoins, from anywhere in the world.
The Head of Crypto at Shift4, Alex Wilson, revealed that the company’s products are committed to making crypto acceptance as smooth as traditional credit and debit cards. Alex mentioned that Shift4 takes away every complexity business owners could face when dealing with crypto directly. He stated:
“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.”
Shift4 CEO Jared Isaacman gave more details on what the company does, revealing that the payment company supports various restaurants, hotels, stadiums, and other places around the globe. Jared emphasized that the company is ready to support the next evolution in commerce and take the leading seat. He said:
“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.”
Shift4’s new crypto payment solution launches amid rising cryptocurrency adoption. The total value of the crypto market has grown to $3 trillion, with 600 million users around the world. This high figure in userbase and market capitalization has led business owners and consumers to demand options to pay with cryptocurrencies.
TAO Group and BLADE will be among the early adopters of the new feature, as their customers have expressed a strong desire for the ability to make payments using cryptocurrencies.
The new solution by Shift4 will further help increase the adoption of crypto and even help integrate digital currencies into mainstream commerce. Just like the CEO and Co-Founder at Mesh Bam Azizi stated, the new features are a step forward for the crypto industry and, at the same time, a return to decentralized digital payments. He said his company is proud to partner with Shift4 and is glad to help them unlock these benefits for their merchants.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
