Shift4, a US payments giant that handles more than $200 billion in annual transaction volume for more than 200,000 companies, has launched a stablecoin payment platform for merchants.
The Pennsylvania-based public company said in a Dec. 22 press release that merchants can now choose to pay in stablecoins such as USDC, USDT, EURC, and even DAI. As Shift4 explained, these currencies are “already used around the world for cross-border commerce, remittances, payroll, B2B payments, and financial management.”
Sellers can also choose from networks such as Ethereum, Solana, Plasma, Stellar, Polygon, TON, and Base, with additional networks “to be added over time,” the company said.
“As Shift4 becomes an increasingly global company, this service will support businesses around the world as stablecoins continue to play an increasingly important role in the modern payments ecosystem,” said Pietro Moran, Director of Cryptocurrency at Shift4.
Shift4’s FOUR stock rose 3.4% immediately after the news, but had given up on the rise as of this writing.
This is not the first time Shift4 has experimented with cryptocurrency payments. In August, the company partnered with Blue Origin, a space exploration company founded by US billionaire Jeff Bezos, to allow customers to pay for space travel with cryptocurrencies and stablecoins.
In early December, Shift4 founder Jared Isaacman was also named NASA’s 15th administrator.
