30s Summary

Over half a billion people use cryptocurrencies, but due to their fluctuating value and complicated technical set-up, they’re not often used for everyday spending. ForumPay, a payment system, instantly converts cryptocurrency to regular currency for businesses, encouraging everyday use. Other innovations, like tokens tied to traditional currencies, enhance stability in the crypto market. However, crypto payments still aren’t as simple or reliable as traditional ones. ForumPay bridges this gap by enabling businesses to accept crypto payments for regular transactions. Through its exchange, it minimises uncertainty due to price fluctuations, supporting refunds, payouts, and integrating point-of-sale systems into the crypto space.

Full Article

Cryptocurrencies are taking over, with over half a billion people now using them. However, due to their unpredictable and frequently changing value, they aren’t used for everyday spending as much as they could be. This is a problem for businesses as well, because accepting crypto payments involves a complex technical setup and accounting processes.

However, things are looking up. ForumPay, a payment system that instantly changes cryptocurrency into regular money for businesses, is making it easier for people to use their cryptocurrencies for everyday purchases.

There are also loads of other initiatives designed to make using crypto as a payment method in everyday life more feasible. For instance, using tokens pegged to traditional currencies like the US dollar has helped to increase stability in the crypto space. And new technologies are helping transactions happen more quickly for less money.

Nevertheless, there’s still work to do. Even with all of the great projects out there, using crypto to pay for things still isn’t as easy and reliable as using a credit card.

That’s where ForumPay comes in. They’ve made a crypto payment system that benefits everyone by integrating crypto into regular financial transactions. In other words, they’ve created a way for businesses to accept crypto payments while letting people use their cryptos to pay for everyday things. Not to mention, their one-stop payment portal overcomes many barriers that can slow down or even prevent crypto adoption, like volatility, speed, and complexity.

Because ForumPay runs its own exchange, businesses can minimize the uncertainty caused by price fluctuations. When a customer pays with crypto, ForumPay automatically changes the digital assets into regular money—at the best available exchange rate—which gets sent straight into the business’s bank account.

Aside from just making payments, ForumPay is also flexible with more traditional payment models. They support refunds and payouts, and integrate online and point-of-sale systems into the crypto space. As well as this, transactions made with crypto often have lower costs than traditional methods. Not to mention, purchases made with crypto can be done worldwide. Given all this, the future of finance looks promising and ideally, we’ll be able to easily shift between digital and traditional currencies. Solutions like ForumPay bring us closer to this goal, making transactions easier, efficient, and blurring the lines between digital assets and traditional finance.