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ForumPay and Sionic partner to offer crypto-to-fiat gateway services in the U.S.

By Pavithra R

March 31, 2021

  • America
  • Forumpay
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ForumPay and Sionic partner to offer crypto-to-fiat gateway services in the U.S.ForumPay, a leading payment gateway solution that brings together crypto consumers and traditional merchants for a seamless and instant transaction, and Sionic, a leading provider of connected and mobile commerce services for merchants, has entered into a partnership to expand the reach of crypto-to-fiat interchangeable payments to merchants and consumers across the U.S. via mobile and digital commerce channels.

Under the collaboration, ForumPay will provide tokenized, end-to-end payment gateway processing services for crypto via Sionic’s digital commerce platforms. Together the companies will focus on supporting both enterprise and 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 consumers using Google Search, mobile apps, and in-vehicle interfaces.

Consumers paying via ULink or through ICE-enabled mobile apps can select their preferred coin, scan a QR code or click the payments link, and the payment gets instantly completed. ForumPay’s payment gateway converts virtually any crypto into U.S. Dollars instantly for no-delay deposits into merchants’ preferred bank accounts.

“We’re excited to be opening crypto-to-fiat gateway services in the U.S. by partnering with Sionic. 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,” said Josh Tate, co-founder and CEO of ForumPay.

ForumPay is a seamless and secure payment solution that provides merchants with access to new crypto customer streams, without the hassle of dealing directly in cryptocurrency. For U.S. merchants, it provides instant conversion of crypto into U.S. Dollars without exchange risk, chargebacks or risk of identity theft.

“We’re very excited to partner with ForumPay to offer our merchants large and small a safe and simple way to tap the more than 170 million globally active crypto wallet users online or at the point of sale. 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,” said Ronald Herman, founder and CEO of Sionic

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