Shift4 has launched its own stablecoin settlement platform for merchants worldwide.
With this latest product launch, Shift4 is doubling down on stablecoins and the consensus that stablecoin settlement can offer considerable benefits for daily business operations and supporting the movement of funds faster and cheaper for merchants across national and international regions.
Directory of Crypto Pietro Moran expressed:
As Shift4 becomes an increasingly global company, this offering will support businesses around the world as stablecoins continue to play a growing role in the modern payments ecosystem.”
Although it is not fully clear whether this is fully built in-house or partnered with an orchestrator from the industry, the product does offer an easy dashboard for merchants to track their stablecoin cash and treasury flows.
The type of stablecoins currently offered include USDC, USDT, DAI and EURC across an initial tranche of 7 top blockchain networks.
S&P released a rating update earlier on in the year and in it showcased how Shift4 has grown considerably in the last 5 years, with a combination of both acquisitions and increased market share across large industries such as hospitality and ecommerce.
This was pre-stablecoin involvement from the company, so with this latest product launch, the opportunity to convert even a small % of its global merchant to use stablecoins can further bolster its $260B annual transactions volume processed and save on fees incurred.
