Jared Isaacman, the founder of Shift4 Payments, a company that has recently embraced the cryptocurrency market, has been nominated by President-elect Trump to lead NASA. Isaacman's success story includes building Shift4 into a $9.3 billion company and venturing into the crypto space with a 'Pay with Crypto' offering for its 200,000 merchants. His experience in the volatile world of cryptocurrency is likely to be valuable as he navigates the complexities of space exploration.
Before being nominated by President-elect Trump to lead NASA , Jared Isaacman guided his payments company Shift4 into the crypto market.
With a whiteboard behind them, they spitballed on how blockchain-based technology could be applied across the payment company's business.had hit a record a few months earlier, jumping sixfold from the end of 2019 through the close of 2021. A range of digital tokens were delivering outsized returns. The market was frothy, spirits were high and meme coins were in their prime.
, Wilson and Duffy's company, and would pursue a "$45+ billion embedded cross-sell opportunity by bundling crypto donation capabilities with traditional card acceptance." Shift4 paid $54 million and included in the deal a potential earnout of up to $246 million.a Pay with Crypto service that's being rolled out to all 200,000 of the platform's merchants, making it possible to spend crypto at hotels, restaurants and stadiums.
data from the Nilson Report. Credit card networks charge a transaction fee to a payment processor like Stripe for using their so-called rails. The costs, whichBut with stablecoins, transactions can cost less than a penny and are virtually instantaneous. Emily Sands, the technical lead for Stripe's data science team, says stablecoins are great for cross-border transactions, which are important to almost all of the company's users.
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