Making payments with Bitcoin (BTC), Ethereum (ETH), or any other crypto online is slowly becoming the newest trend in the realm of online transactions. This was, in fact, one of the main reasons behind their creation, an important factor often lost in the noise surrounding the price of Bitcoin, crypto investments, and market fluctuations. Bitcoin was first created following the 2008 Wall Street crash as an alternative to centralized money and currencies that are controlled and monitored by financial institutions. Now, 15 years later, it is finally stepping into its original role as a fungible, real-world currency. However, the value of one BTC, ETH, and other popular cryptocurrencies is still subject to a high rate of volatility, meaning some see them as an unreliable means of exchange. As such, another type of crypto, called stablecoins, was also created to counter the volatility of the crypto market, providing a more “stable,” reliable, and widely-used alternative for executing payments and transactions.
However, in order to make a payment with Bitcoin, stablecoin, or any other crypto, it first needs to be acquired. This article examines the necessary steps leading up to making a payment in crypto, the process itself, and where to spend these digital assets.
How to buy crypto
Evidently, in order to make a payment with Bitcoin, Ethereum or another crypto online, the first thing you need to do is buy cryptocurrency. Despite the fact that crypto can be a complicated, volatile market that is difficult even for experts to understand and follow, acquiring cryptocurrency is relatively straightforward. One of the easiest ways to acquire crypto is through a crypto exchange, such as Kraken or Binance. These exchanges are designed to facilitate the purchasing experience, with user-friendly interfaces and clear instructions on each process step. It is important to research each exchange before making a final decision to understand how they work and choose one that matches your preferences regarding the availability of cryptocurrencies, necessary fees, and security measures.
Another way to acquire cryptocurrencies such as Bitcoin and Ethereum is through ForumPay. ForumPay is a crypto-to-dollar payment gateway whose primary purpose is to process payments made in crypto and convert them into traditional currencies for the merchant or business selling the products or services. In select cases, however, ForumPay can also facilitate the acquisition of Bitcoin, Ethereum, and other cryptos for individual consumers. However, these requests will be handled on a case-by-case basis. Please visit www.forumpay.com or contact [email protected] to find out more and see if you are eligible.
Making a payment with Bitcoin
Making a payment with Bitcoin (BTC) is just as straightforward as buying crypto as soon as you find a business or merchant that accepts crypto payments. The list is growing steadily as cryptocurrencies become more widely accepted. But many popular brands are still hesitant to accept crypto directly. CryptoRewards.Store is the ideal bridge between crypto consumers looking to spend their funds and big-name brands who do not yet accept crypto payments.
CryptoRewards.Store sells gift cards that can be purchased with most major cryptocurrencies, including Bitcoin and Ethereum. Once purchased, these gift cards can subsequently be spent at some of the biggest-name brands in the US, including Bed, Bath & Beyond, Barnes & Noble, Burger King, or Spotify, to pay for goods and services. Paying with Bitcoin, Ethereum, or any other crypto accepted by CryptoRewards.Store is easy. Simply add the desired gift cards to your basket (it can be more than one) and head to the checkout. When the payment process is initiated, ForumPay will handle the transaction, allowing you to select Bitcoin, Ethereum, or another crypto as payment. Once complete, a unique gift card code will be sent to the email address provided at the time of purchase, leaving you free to spend your gift card in-store or online.
The power of stablecoins
Stablecoins are another popular way to make online payments. Stablecoins are a type of cryptocurrency that reflects almost exactly the price of another asset, such as a FIAT currency, i.e., the dollar, or a commodity, i.e., gold. This stability makes stablecoins a much more reliable means of exchange than other, more volatile cryptos, as both the consumer and seller know that the value of the currency used for payment will hold over time. They can also be used by traders and crypto investors for lending, staking, and providing liquidity for trading pairs.
Some popular examples of stablecoins often used as currency, particularly in the US, are USDC and USDT, the two largest stablecoins on the market. USDT, also known as Tether, is the oldest, created in 2014, and has a much higher market cap than USDC, which measured $95 billion in January 2024. The value of each USD Coin and USDT token is pegged to the US dollar and designed to hold a value of $1. The companies behind each stablecoin (USDC is owned by Circe, and USDT is owned by Tether), both state that their tokens are backed 100% by reserves (such as treasury bills, precious metals, and even Bitcoin), or by highly liquid cash and cash-equivalent assets.
Earn a 5% token-back reward with PROPT
One of the cryptocurrencies accepted as payment by CryptoRewards.Store, or any other merchant or business that has enabled ForumPay, is the ProperT Rewards Token (PROPT). The ProperT Rewards Token functions like any other crypto in terms of payment, but with one great benefit: you receive a 5% token-back reward on every purchase. Visit getpropert.com to acquire the Reward Token or for more information about ProperT. Once acquired, PROPT can be used to purchase any gift card from CryptoRewards.Store, from which the rewards earned can be accumulated in your crypto wallet and used to purchase other gift cards or goods and services from any other ForumPay-enabled merchant.
To browse all the gift cards and brands accessible through CryptoRewards.Store and pay in Bitcoin, Ethereum, or another crypto online; visit cryptorewards.store/shop and start planning your wishlist.
