The gap between consumer demand for crypto payments and the lack of merchants taking it on is finally narrowing. When crypto spenders statistically spend double that of credit card spenders, it’s time for merchants to get on board with the demand for crypto payment solutions.
The demand for crypto payment solutions from crypto spenders is up more than 40% from new customers since 2021. As a customer acquisition tool, accepting crypto is one of the easiest ways to diversify audiences. Based on interviews with a number of crypto consumers, the mere fact of accepting cryptocurrency is the main motivating factor to bring crypto-spenders to businesses.
Making crypto transactions for goods and services isn’t new. In fact, many individuals and businesses accept crypto, but it’s not always the optimal option. It’s important now that there are facilitated crypto payment solutions surfacing. Without a crypto payment gateway, making transactions is undoubtedly unstable in many aspects.
As a strong tool for acquiring customers, accepting crypto is one of the easiest ways to diversify audiences. Based on interviews with a number of crypto consumers, the simple fact of accepting cryptocurrency is the primary motivating factor to bring crypto-spenders to businesses.
It’s not new that businesses diversify their payment options due to demand. Accept crypto payments aren’t to be approached any differently. People continuously trade crypto for both low and high-value items for everyday goods and services. Despite this, crypto spenders are still a generally untapped client base – but the crypto spending audience doesn’t cease to grow and it’s considered wise to tap in. Although goods and services paid for with crypto are on a rise, facilitating those transactions is a key part of the expanding demand.
Companies like Forumpay are facilitating the introduction of merchants to the world of cryptocurrencies. ForumPay is a crypto payment gateway, but what really sets Forum Pay apart from the other solutions out there?
Their solution makes crypto payments as easy as accepting any other form of payment. With a fee notably lower than all the hidden and extra fees 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 price determination means that the moment a purchase is made, ForumPay automatically converts those funds to the currency of the merchant’s choice at the best available rate. The merchant will receive the exact price amount in their bank account at the end of each day without the value changing throughout the day.