Payment service provider Shift4 acquired a charitable company for $54 million
Philanthropy is teaming up with cryptocurrencies to change the world for the better
02.03.2022 - 11:05
81
1 min
0
.
What’s new? On March 1, it became known that Shift4, a US payment processing company, has acquired The Giving Block charity platform. The deal is valued at $54 million. The Giving Block is an online platform that allows more than 1300 non-profit organizations and charities to accept cryptocurrency donations.
What is known about Shift4? Shift4 Payments is a US-based company that provides small businesses with contactless payment services, as well as online restaurant ordering systems, payment security, and analytics. Shift4 has over 425 software integrations and over 200 000 merchant customers.
How do the parties assess the partnership? Jared Isaacman, CEO of Shift4, said:
“Shift4 will invest further in The Giving Block’s successful strategy while also pursuing a $45+ billion embedded cross-sell opportunity by bundling crypto donation capabilities with traditional card acceptance.”
Regarding the acquisition, the team at The Giving Block wrote:
“Shift4’s status as a leading payments company with over $200 billion in annual payments volume, plus our shared commitment to taking crypto mainstream and leading on nonprofit sector payments innovation, has given us the opportunity to have the impact on the world we began dreaming up.”
Useful material?
Telegram 
Twitter Market
It is no longer possible to issue additional coins after this action
Dec 1, 2023
Crypto regulations
One such company is Tether, registered in the British Virgin Islands
Nov 30, 2023
Incidents
Funds from the largest hacks of crypto projects have passed through the service
Nov 30, 2023
Crypto regulations
In 18 months, the exchange’s representatives have failed to get an answer from officials about the principle on which they categorize cryptocurrencies as securities
Nov 30, 2023
Trends
BTC, ETH, SOL, and LINK trading are already available to users
Nov 29, 2023
Incidents
Earlier, the court banned the businessman from leaving the United States before sentencing for sanctions violations and AML violations
Nov 29, 2023
Cryptocurrency rates
-
Bitcoin
$39 503
BTC
+2.16%
-
Ethereum
$2 165.72
ETH
+3.73%
-
BNB Smart Chain
$229.12
BSC
+0.33%
-
Ripple
$0.620172
XRP
+1.4%
-
Cardano
$0.399585
ADA
+4.28%
-
Dogecoin
$0.086149
DOGE
+2.94%
-
Polkadot
$5.57
DOT
+1.88%
-
Litecoin
$72.42
LTC
+1.28%
-
Bitcoin Cash
$231.39
BCH
+2.82%
-
Stellar XLM
$0.121732
XLM
+2.04%