Demand for cryptocurrency payment gateways increases by 40% among merchants
The gap between consumer demand for crypto payments and the lack of merchants supporting it is finally narrowing. When crypto spending statistically spends twice that of credit card spending, it’s time for merchants to adapt to the demand for crypto payment solutions.
Demand for crypto payment solutions from crypto consumers has increased by more than 40% from new customers since 2021. As a customer acquisition tool, accepting crypto is one of the easiest ways easier to diversify audiences. Based on interviews with a number of crypto consumers, simply accepting cryptocurrency is the primary motivator for bringing crypto spenders to businesses.
Doing crypto transactions for goods and services is nothing new. In fact, many individuals and businesses accept crypto, but it’s not always the optimal option. It is important now that simplified crypto payment solutions surface. Without a crypto payment gateway, making transactions is undoubtedly unstable in many ways.
As a powerful tool for acquiring customers, accepting crypto is one of the easiest ways to diversify audiences. Based on interviews with a number of crypto consumers, simply accepting cryptocurrency is the primary motivator for bringing crypto spenders to businesses.
It’s nothing new for businesses to diversify their payment options due to demand. Accept that crypto payments are not approached differently. People are continuously exchanging crypto for low and high value items for everyday goods and services. Despite this, crypto consumers are still a generally untapped customer base – but the audience for crypto spending continues to grow and it is considered wise to take an interest in it. Although goods and services paid for with crypto are on the rise, facilitating these transactions is a key part of growing demand.
Companies like Forumpay make it easier for merchants to enter the world of cryptocurrencies. ForumPay is a crypto payment gateway, but what really sets Forum Pay apart from other existing solutions?
Their solution makes crypto payments as easy as accepting any other form of payment. With fees significantly lower than all the hidden and extra fees that credit card payments require, you can accept crypto payments from any digital wallet and with any cryptocurrency and get paid in fiat instantly without any risk.
Instant pricing means that at the time a purchase is made, ForumPay automatically converts those funds into the merchant’s chosen currency at the best available rate. The trader will receive the exact amount of the prize in his bank account at the end of each day without the value changing throughout the day.