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According to Statista, the total number of users in the crypto market is expected to reach 861.01 million in 2025. With this growth comes a heightened demand for utility, which can be fully realized through crypto payments. In response to this demand, Cosmoslots has recently partnered with ForumPay to offer their gamers seamless crypto payments, empowering them with the financial freedom that digital currencies offer. By adopting crypto payments, Cosmoslots unlocks access to a global gamer audience and new streams of revenue. ForumPay’s secure crypto-to-fiat payment solution provides instant conversion for merchants, and next-day settlement to ensure swift access to funds that outperforms traditional payment methods.
Cosmoslots incorporates crypto payments
Cosmoslots is an intuitive online gaming platform that brings a unique and engaging experience to players across the United States. The Cosmoslots platform offers a wide range of slots, fish games, keno, crash and poker with social casino features, aiming to provide players with high-quality entertainment in a secure and exciting environment. With a commitment to technological advancements and player satisfaction, Cosmoslots is continuously evolving to stay relevant in the gaming industry, evidenced by their recent partnership with ForumPay.
“Integrating cryptocurrency as a payment option on Cosmoslots aligns with our vision of offering a seamless and flexible gaming experience to our players. Crypto allows for faster transactions, enhanced security, and greater accessibility for a United States audience. By collaborating with ForumPay, Cosmoslots not only provides more convenience but also empowers players with the financial freedom that digital currencies offer”, says Dheeraj Gawade, part of the Cosmoslots team.
The benefits of crypto payments for online gaming
Crypto payments provide a host of benefits for online gaming merchants. Firstly, allowing gamers to pay using their digital assets can help significantly expand your customer base by offering greater flexibility in funding. This alternative payment option also positions gaming platforms as forward-thinking, adaptable to market demand, which can attract gamers who seek innovation and new technologies. Crypto payments are also inherently borderless, and therefore allow gamers from anywhere in the world to engage with your platform without the limitations imposed by traditional payment methods and banking systems.
Unlike these legacy payment rails, which often involve high fees due to currency conversion and processing charges, and delays due to intermediary involvement, crypto payments are far more efficient and cost-effective. Given they operate on a decentralized network, third-party involvement is minimized, which allows gaming platforms to retain a larger portion of their revenue and receive funds sooner. What’s more, the blockchain’s pseudonymous nature ensures greater privacy and security, protecting gamers’ sensitive information while reducing the risks of fraud and identity theft.
How does ForumPay work?
ForumPay is a crypto payment gateway that operates as a seamless bridge between cryptocurrency users and traditional merchants who prefer to receive fiat money as payment. ForumPay’s priority is to ensure secure, efficient, transparent and private transactions between buyers and sellers. As such, when a consumer or player chooses to pay in crypto, ForumPay instantly determines the crypto equivalent of the merchant’s fiat price, using real-time exchange rates aggregated from leading exchanges, including its own.
This eliminates any risk of volatility for the merchant, who receives the precise sale price in fiat the following business day. ForumPay’s solution is also wallet-agnostic, allowing customers to pay using funds held in the crypto wallet of their choice, and offering even greater convenience. There are no setup fees or hidden commissions, as merchants pay a low per-transaction fee and avoid the complications of fraud, chargebacks, and PCI-DSS compliance.
This partnership between Cosmoslots and ForumPay represents a step towards financial freedom for gamers around the world. By offering greater flexibility regarding payment choice, crypto payments offer platforms a competitive edge, which boosts customer satisfaction and retention. For more information about secure, transparent and compliant crypto payments, or to book a meeting with our team of crypto payment experts, visit forumpay.com.
