I believe ForumPay is the future, just as Mastercard and Visa were in their day. ForumPay is the Mastercard of crypto. ForumPay is a crypto payment gateway we launched some years ago, which enables merchants all over the world to accept crypto as payment from their customers, while receiving fiat straight into their bank accounts. ForumPay was designed to enhance the real-world utility of cryptocurrency, allowing crypto users to leverage their funds to purchase goods and services as easily as they do with a credit or debit card.

With the number of users in the global crypto market expected to reach 861.01 million users by 2025, accepting crypto payments opens businesses up to limitless opportunities to increase revenue through frictionless, borderless payments via ForumPay. Beyond technological innovation, accepting crypto payments is a strategic decision that positions businesses ahead of the competition and at the forefront of a rapidly evolving, increasingly global world.

Allow me to dig a little deeper into why ForumPay is the best payment tool for today’s merchants and crypto consumers.

How do ForumPay transactions work?

To set the scene, let’s start with how each ForumPay transaction works. Say you wanted to buy a cup of coffee at your local café, which has partnered with ForumPay to accept crypto payments. The barista rings up the total to $3 and asks how you would like to pay. After you specify crypto, they present a designated ForumPay PoS device, which displays a QR code. Simply scan this code from your crypto wallet, which will proceed to tell you exactly how much crypto you will be charged for this $3 coffee, depending on the current conversion rate. Once you accept, the crypto will be automatically deducted from your funds and immediately converted by ForumPay into dollars.

These $3 will be displayed immediately on the merchant’s ForumPay Merchant Dashboard, providing a payment guarantee, and settled the following business day into their bank account. The process is the same for online transactions. ForumPay essentially replicates any transaction that goes on in the fiat world today, whether it be a consumer transaction, like a cup of coffee, a hamburger, a car, or a house. But it can also be used to move money internationally, whether that be to pay employees, or even to fund international trade. ForumPay is able to offer the best transaction rate available in real time as we own our own crypto exchange, which aggregates price feeds from a number of major cryptocurrency exchanges.

Which industries is ForumPay designed for?

ForumPay is designed to be used by and in any industry, in the same way as fiat. Over the years, we have developed our technology to meet the needs and demands of industries in which crypto payments are becoming increasingly popular, such as hospitality, online gaming, luxury goods, trading, real estate, and travel. Our growing number of partnerships is a testament to the impact our technology can have on streamlining payments, reducing transaction costs, and expanding reach in a borderless economy. For example, our partnership with hospitality tech innovator HumanTouch System has brought frictionless crypto payment functionality to hotels, restaurants, and guest services worldwide.

Our secure crypto payment gateway is now fully integrated into Human Touch System’s advanced PoS and guest management platform, EZCharge. This integration enables guests to settle bills using cryptocurrencies like Bitcoin or USDT, with instant conversion into fiat currency and next-business-day settlement for merchants. This partnership, and others like it, respond to a growing demand for flexible, private, and modern payment options among both merchants and consumers.

How do merchants benefit from accepting crypto payments through ForumPay?

ForumPay is about more than just accepting crypto payments. It’s about transforming the way businesses engage with a global customer base. By enabling crypto transactions, merchants open their doors to a vastly wider and more international demographic. Beyond commerce, crypto payments can offer huge benefits for businesses engaging in international trade. Crypto operates on decentralized networks with minimal third-party involvement. This eliminates intermediaries and many of the currency conversion costs and processing charges typically associated with traditional financial systems.

ForumPay also eliminates one of the most frustrating pain points in digital commerce: chargebacks. Every transaction is final and guaranteed, giving merchants peace of mind and total protection from fraudulent disputes. Thanks to our instantaneous price determination, merchants also face zero volatility risk thanks to real-time conversion and immediate payment guarantee, with funds settled overnight, making us more efficient than credit card transactions with regard to timing. ForumPay can also be seamlessly integrated into a business’s current payment flows, both in-store and online, allowing them to start accepting crypto payments in a matter of hours.

We are the only solution that embraces the entire crypto community

As the only solution that embraces the entire crypto community, thanks to our compatibility with all 650 million+ wallets, ForumPay is a superior option for merchants and businesses seeking truly accessible crypto payment functionality. We are secure, scalable, and global, giving you the tools to meet the demands of modern consumers anywhere in the world. For more information about all solutions offered by ForumPay, industry reports, whitepapers and case studies, or to book a meeting with our team, visit www.forumpay.com. For more insights and reflections from me on my current projects and businesses, take a look at the other articles on my blog, visit my YouTube channel, and follow @williamerbey on social media.