Shield offers a regulated online banking platform that lets businesses accept USDT stablecoin payments and instantly convert them to fiat accounts in USD or EUR, with same‑day wire transfers to banks. The service provides multi‑currency accounts, B2B crypto exchange, and integrates payment buttonsor links into existing checkout flows. Shield monetizes through a transaction fee starting at 1%, decreasing with volume, and charges no account opening or monthly fees.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses, particularly those involved in international trade, face complexities and delays when accepting cryptocurrency payments and converting them to fiat currencies like USD or EUR. Traditional banking systems often involve lengthy processing times and high fees, hindering efficient transactions.
Solution
Shield provides a B2B crypto on/off ramp solution that enables businesses to accept cryptocurrency, specifically USDT, and receive payouts in USD or EUR via bank wires, streamlining international transactions. As a licensed Virtual Asset Service Provider (VASP) and Money Services Business (MSB), Shield offers a compliant platform for businesses to integrate crypto payments into their existing financial infrastructure. The platform supports seamless currency exchanges and multi-currency accounts, allowing businesses to manage both crypto and fiat currencies efficiently. Shield's solution includes real-time transaction monitoring powered by Elliptic, robust KYC/AML processes, and fraud prevention mechanisms, ensuring secure and compliant transactions. By leveraging blockchain technology, Shield facilitates rapid processing and same-day payouts, eliminating traditional banking delays.
Target Audience
Shield primarily targets export businesses, wholesalers, and international businesses seeking a compliant and efficient solution for accepting cryptocurrency payments and managing cross-border transactions.
Features
- B2B cryptocurrency exchange for buying, selling, and swapping digital assets
- Multi-currency accounts for managing USD, EUR, and USDT
- Payment gateway integration with buttons, links, and addresses for easy checkout
- Real-time transaction monitoring powered by Elliptic
- Comprehensive KYC and KYB processes for robust identity verification
- Fraud and risk prevention measures to protect against illicit activity
- Compliant operations as a licensed VASP and MSB
- Support for USDT payments with same-day wire transfers in USD or EUR