October 28, 2024
Mesh Partners with Shift4 to Enable Seamless Crypto Payments for Merchants Worldwide
In a groundbreaking move for the payments industry, Mesh is excited to announce our partnership with Shift4 to bring crypto payments to over 200,000 merchants across 45 countries. This integration enables businesses to accept cryptocurrency seamlessly, with payments automatically converted into local currency, and settled directly into merchants’ accounts. As the first global payments leader to offer this capability, Shift4’s new feature, powered by Mesh, opens doors to crypto adoption in mainstream commerce.
Why Crypto Payments?
With over 600 million crypto users worldwide, the demand for crypto as a payment method is rising. According to a Deloitte study, 64% of merchants report significant customer interest in using digital currencies for purchases. The rapid growth in stablecoin and crypto adoption, combined with a global move toward digital finance, has created a need for secure, user-friendly payment options that transcend borders and reduce financial friction.
Key Benefits of Mesh’s Integration with Shift4
- One-Click Global Acceptance: Shift4's "Pay with Crypto" feature allows merchants to accept cryptocurrency with a single click, simplifying the onboarding and transaction process. By leveraging this new capability, Shift4’s merchants can tap into a new customer segment and meet the rising demand for digital currency payments.
- Automatic Currency Conversion: One of the biggest barriers to crypto adoption has been currency volatility. Thanks to Mesh's secure, scalable API infrastructure, crypto payments will be securely converted into local currency upon transaction, ensuring that merchants avoid any risks associated with crypto market fluctuations. This streamlined conversion process gives businesses peace of mind and a risk-free entry into the crypto economy.
- Seamless Settlement: Merchants will receive crypto transactions as they would traditional payments, with funds automatically converted and settled directly to their bank accounts. This ease of use helps businesses integrate crypto payments without complex new systems or additional handling.
Real-World Use Cases: TAO Group and BLADE
Early adopters like TAO Group and BLADE are among the first to leverage this new capability. As industry leaders, they recognize the growing interest from customers in paying with crypto and are excited to provide an innovative, secure payment option to meet their needs.
The Future of Commerce: A Growing Crypto Economy
The integration of crypto payments is not just a new feature; it’s a significant shift in how businesses and consumers interact in the digital economy. With support from investors like PayPal Ventures, Galaxy, and QuantumLight, Mesh is dedicated to creating a future where crypto is a seamless part of everyday commerce.
Conclusion
As Mesh continues to build partnerships that expand the crypto ecosystem, this collaboration with Shift4 sets a new standard for payment solutions. By enabling one-click crypto payments across various sectors, Mesh and Shift4 are bringing the vision of a globally connected, decentralized financial system closer to reality.
→Learn more about how you can start accepting crypto payments with Shift4.