Shift4, a global leader in secure payment processing, has launched “Pay with Crypto,” making it the first major payment provider to allow businesses worldwide to accept cryptocurrency with a simple click for both ecommerce and point-of-sale merchants.
Merchants on Shift4 will now be able to accept payments in a range of global cryptocurrencies, including Bitcoin, Ethereum, Solana, US Dollar Coin (USDC), and other major stablecoins. The new feature will be introduced in phases across various Shift4 products and business sectors. All cryptocurrency payments will be instantly converted to U.S. dollars and settled directly to the merchant.
Introducing: Pay with Crypto 🚀
Shift4 is proud to be the first major payments company to offer a seamless global solution for crypto acceptance. Soon, Shift4 merchants will be able to accept #Bitcoin, #Ethereum, USDC, and other stablecoins with ease.
Learn more:… pic.twitter.com/ebwXBlDxaH
— Shift4 (@Shift4) October 28, 2024
Crypto becoming the ‘next evolution in commerce’
The company’s CEO, Jared Isaacman, said it plans to lead when it comes to crypto commerce. According to Business Wire, he added: “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.”
While Shift4’s crypto head, Alex Wilson, said the firm are focusing on “making crypto acceptance as easy as traditional credit & debit cards.”
He continued: “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’s new feature is powered by Mesh, which helps to integrate crypto payments into the existing system.
Bam Azizi, Mesh co-founder said: “People often forget that Bitcoin started as peer-to-peer electronic cash, not as an investment asset.
“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.”
Other platforms have already begun incorporating ways to pay with crypto. This week, ReadWrite reported on SpacePay, which is designed to promote cryptocurrency use for daily buying and selling activities and encourage more merchants to accept crypto transactions.
The popularity of crypto payments has surged as the cryptocurrency market capitalization hit $3 trillion this year, with a global user base exceeding 600 million.
Featured image: Canva
