If you’ve visited my YouTube channel, followed my social media pages, or seen any of my recent interviews, you’ll know that one of my main areas of business is crypto payments. I’m passionate about cryptocurrency and its potential to transform how we understand and manage money and transact with and between businesses. Its ability to facilitate borderless payments in minutes is a game-changer for both small and large business owners worldwide, allowing them to open the door to a new consumer segment and secure new revenue streams. For this reason, we founded ForumPay, the crypto payments solution that bridges the gap between crypto consumers and traditional businesses, allowing them to accept crypto payments while getting paid in the conventional currency of their choice.
Crypto adoption is on the rise, and so are crypto payments. At ForumPay, we believe there is huge potential in combining the worlds of traditional money and cryptocurrency through swift, secure, and transparent payments.
Crypto adoption
The launch of Bitcoin in 2009 marked the dawn of the crypto era. Since then, crypto adoption has been on the rise, and millions of people have embraced cryptocurrency and its potential to transform how we understand, manage, and use our money. The market has come a long way since 2009, with thousands of digital assets such as cryptocurrencies, stablecoins, and tokens now available for us to buy, own, and use as we see fit.
As these digital currencies gain even more traction, thanks to not only popular adoption but institutional acceptance, businesses and consumers alike recognize the benefits offered by decentralized finance and blockchain technology, including greater privacy, transparency, faster and more secure transactions, and uninhibited cross-border payments. This growing acceptance is slowly reshaping how many people think about finance and encouraging traditional financial systems to embrace innovation.
ForumPay and crypto payments
We started ForumPay to facilitate crypto payments between crypto consumers eager to spend their funds and traditional merchants and businesses who prefer to accept traditional currencies for their goods and services. Inspired by our belief in the utility of cryptocurrency and its ability to enable payments that are faster, more secure, and often cheaper than more common payment methods such as credit and debit cards, ForumPay was born from a desire to empower both merchants and consumers.
We have made sure ForumPay is easy to install in any current online and PoS payment system, making the onboarding process as quick and seamless as possible for vendors. Installation is also free of charge and can be integrated into any PoS device, including smartphones and tablets. Once installed and merchants have set up their ForumPay, they are free to accept crypto payments straight away. The beauty of ForumPay lies in its instant crypto-to-FIAT payments that use the best available conversion rate, allowing merchants and businesses to invite crypto consumers to purchase from them while receiving the FIAT currency of their choice straight into their bank account on the next business day.
Crypto payments for real estate
ForumPay can be used to facilitate crypto payments of any size, from everyday groceries to real estate investments. It is this latter sector where we think ForumPay could have a real impact. Our secure and seamless crypto payment solution enables title and escrow companies to accept crypto payments from homebuyers and real estate investors for properties marketed in dollars, euros, or any other FIAT currency.
Paying directly from a crypto wallet allows buyers to bypass the 60-day seasoning period for funds that pass through a central bank, a requirement in the U.S. imposed by Fannie Mae and Freddie Mac. This means the transaction can happen much quicker, allowing all parties involved to sign on the dotted line and secure the sale faster than using traditional payment methods.
The crypto-to-FIAT conversion rate is locked before the transaction itself commences, allowing the buyers to see how much crypto they will pay and the sellers to confirm they will receive the agreed-upon price for the property. This provides an extra layer of transparency and security for parties. From here, ForumPay handles the transaction, and the crypto funds are instantly converted into the seller’s currency of choice, and passed directly to their bank account the next business day.
To find out more about crypto payments, how to accept crypto payments with ForumPay as a merchant, business, or title or escrow company, and for general insights into crypto, visit our website at forumpay.com.
