The most notable fact about Fantom is that it has designed an innovative solution to the blockchain trilemma. In other words, the team behind Fantom found a way to combine security, decentralization, and scalability without compromising on any of them. As a result, Fantom has rightfully earned the title of one of the most advanced and efficient networks in the industry. Fantom is a blockchain that fits the requirements of the modern financial system and therefore has a bright future ahead. FTM, the native cryptocurrency of Fantom, has many use cases. It is also used as a means of payment. NOWPayments empowers offline stores and other businesses to accept FTM crypto payments.
Key points:
- Fantom is a secure, decentralized, and scalable network.
- FTM lets businesses become early adopters of crypto payments.
- NOWPayments’ PoS terminal is an easy way to start accepting FTM payments.
Why to accept Fantom in brick-and-mortar stores?
Settle payments faster
The speed of transactions is a key advantage of FTM, especially compared to the mainstream payment methods. Since FTM leverages efficient technological solutions, the speed of FTM transactions can reach unbelievable performance. Specifically, an FTM transaction takes seconds to get processed. Businesses may reap significant benefits from accepting FTM as payment. Basically, they can make FTM a quick payment settlement option. Companies that often use cross-border transactions will find FTM particularly useful for their daily operations.
Say goodbye to high fee expenses
Although FTM transactions are rocket-fast, it does not mean that users are charged extra for the mind-blowing performance. In fact, users are charged less than in the case of mainstream payment-processing solutions. A typical FTM transaction will cost you $0.001. So, you can significantly cut your fee expenses by using FTM payments. If you utilize the standard solutions like bank transfers, you know that sometimes receiving payments can be a real pain because of the exorbitant transaction costs. However, by switching to FTM, businesses can reduce their expenses and increase income.
Guarantee better privacy
Privacy is a fundamental right of all people. However, the current financial system does not respect this right. As a result, many people are concerned about the absence of private payments on the market. FTM has the potential to address this problem and offers a private payment alternative for those who are uncomfortable with exposing their personal information to third parties. Businesses can implement an FTM payment gateway and thus enable clients to fully use their privacy rights. FTM coin transactions are peer-to-peer, and Fantom does not have identity verification. So, with FTM, people can pay for products and services anonymously.
Counter chargeback fraud
Chargebacks are a major stumbling block for many firms. Because chargebacks are completely handled by banks and merchants have no influence on them, fraudsters attempt to take advantage of this feature. Subsequently, businesses lose billions of dollars each year due to chargeback fraud. Fantom coin payments can assist businesses in eliminating all chargeback fraud attempts. FTM transactions cannot be reversed since they are recorded on a public ledger and stored there forever. Furthermore, there is no one authority on the blockchain capable of orchestrating a chargeback. Businesses may therefore protect themselves against chargeback fraud by accepting Fantom crypto payments.
Be first to benefit from FTM payments
Despite the fact that the crypto sector is already worth trillions of dollars, the field of crypto payments is still trailing behind. Businesses just appear hesitant to embrace mainstream crypto adoption. So, they fail to tap into a market where crypto investors generate sizable earnings. As a result, businesses deciding to implement crypto gateways might obtain more benefits from this venture as early adopters. They can establish a community of loyal clients who choose to pay in cryptocurrency. FTM, as a currency with a large following of fans and investors, offers amazing prospects for enterprises.
Who accepts FTM payments now?
Travala
Travala is the place that welcomes all crypto investors that want to go on a vacation or a business trip. Launched in 2017, in five years, Travala has grown into a global leader in the segment of blockchain-based travel booking. It is trusted by thousands of happy customers who use Travala as their preferred online travel agency. Travala has one of the world’s largest selections of amazing places to stay, from hostels to 5-star luxury resorts. Nowadays, Travala offers over 2,200,000 properties covering 90,124 destinations in 230 countries and territories. Moreover, Travala’s prices are up to 40% cheaper than mainstream travel booking platforms. Travala accepts FTM payments.
CryptoRefills
CryptoRefills is one of the leading gift card services that allows users to buy mobile top-ups, gift cards, e-gifts, and vouchers with cryptocurrencies, including FTM. CryptoRefills is a quick, secure, and private way to spend crypto for real-world goods and services. The company has a mission to bring blockchain-based payments into everyday life. It wants to accelerate the mass adoption of cryptocurrency, including Fantom. It wants to build a financially inclusive, freer, and fairer world by focusing on the consumer side of cryptocurrency.
Coinsbee
Coinsbee is another gift-card platform that sells a variety of products for crypto. Coinsbee has a truly massive choice of available cryptocurrency payment options, and FTM is not an exception. Coinsbee provides users with a standard set of products, including payment cards, mobile top-ups, and gift cards. At Coinsbee, there are more than 2,500 brands available in over 165 countries. Easy, fast, and secure payment with over 100 different cryptocurrencies, Mastercard, Visa, and other payment methods.
So… how to install PoS for your store?
There are many ways to accept FTM. Still, the most convenient option for brick-and-mortar stores is the Point-of-Sale terminal. NOWPayments lets businesses use an FTM PoS terminal. Just follow these steps to start accepting Fantom payments:
- Sign up for a NOWPayments account.
- Add your crypto wallet address and generate an API Key.
- Go to the “Store Settings” and choose the PoS Terminal option there.
- Create a link to your PoS terminal.
- Choose FTM as your preferred cryptocurrency.
- To issue your crypto invoice, simply specify the sum and the coin.
Conclusion
Fantom is an efficient network with great performance. NOWPayments assists brick-and-mortar stores in featuring their Fantom payment gateways.