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
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SOURCE Mesh