Cryptocurrency Finance Fintech News

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

Shift4 Unveils Global Crypto Payment Capabilities

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

Mesh, the modern connectivity layer for crypto that makes payments and deposits seamless, unveiled its new integration with Shift4, 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.”

Read More: Keeping up with AI in Accounting: 5 Crucial Skills to Learn

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.

Read More: Global Fintech Series Interview with Frank Pagano, Executive Sales Director at VizyPay

[To share your insights with us, please write to psen@itechseries.com ]

Related posts

Taulia Announces H1 FY2022 Results With Supply Chain Finance Revenue Growing 42%

Fintech News Desk

Petal Closes New $200 Million Debt Facility from Victory Park Capital, Raises Additional Debt and Equity Funding

Business Wire

First Foundation Bank Selects 360factors’ Predict360 Compliance Management Solutions

Fintech News Desk
1