ForumPay, a payment gateway solution for crypto consumers and traditional merchants, announced on Wednesday it has teamed up with connected and mobile commerce services for merchants, Sionic, to expand the reach of crypto-to-fiat interchangeable payments to merchants and consumers across the U.S. via mobile and digital commerce channels. According to ForumPay, the partnership will enable millions of consumers to pay with their crypto wallets for everyday goods and services online and at the point of sale.
ForumPay revealed that through the partnership it will provide tokenized, end-to-end payment gateway processing services for crypto via Sionic’s digital commerce platforms.
“The companies will focus on supporting both enterprise and small to medium-sized businesses (SMB) by integrating ForumPay’s gateway into Sionic’s ULink connected commerce and ION Commerce Engine (ICE) mobile platforms, allowing merchants across the country to accept crypto from millions of consumers using Google Search, mobile apps, and in-vehicle interfaces.”
Josh Tate, co-founder and CEO of ForumPay, spoke about the partnership by stating:
“Instant price determination makes crypto scalable against credit cards and we recognize the value of being able to offer this to merchants to attract new customers and increase sales. Giving millions of crypto wallet users access to merchants via Sionic’s digital and mobile commerce platforms supports our mission to enable and encourage the mass adoption of crypto in a payments environment.”
Ronald Herman, Founder and CEO of Sionic, added:
“Typically, 40% who pay with crypto are new customers providing an incredible customer acquisition opportunity for merchants. And, the cost to accept crypto is usually the same or less than traditional credit card payments.”
ForumPay notably empowers consumers to purchase goods and services using their preferred cryptocurrency with their preferred wallet, while seamlessly enabling the Merchant to receive payments for those goods and services in their preferred currency in their preferred bank account.