News and Announcements

Major upgrade | Global Bank Payouts | Stablecoin Suite | Business Merchant Facilities

We have been busy working on some major developments that have been added to the apps this week. 

Global Bank Payouts

Forestcoin has partnered with Wyre and can now payout directly to banks globally. This means, you can 

• Plant trees, earn Forestcoin and payout directly to your bank
• Accept Forestcoin as payment in your business, and payout the funds directly to your bank

Stablecoin suite

We have added a suite of stablecoins to trade Forestcoin with

• USDC - USD stablecoin
• EURS - EURO stablecoin
• NZDs - NZD stablecoin
• CADC - CAD stablecoin
• TAUD - AUD stablecoin
• TGBP - GBP stablecoin
• GYEN - JPY stablecoin
• BRZ - BRL stablecoin
• XSGD - SGD stablecoin
• IDRT - IDR stablecoin

Businesses can now accept Forestcoin as payment, and immediately (at point of sale) convert to any of these stablecoins, and then withdraw funds directly to their bank. 

View the demo’s here: 

• Instore for face to face transactions https://youtube.com/shorts/fI31ZQ4UOxI
• Online for WooCommerce https://youtu.be/7jX83o0PG6Q 
• Add links to invoices, like  https://forestcoin.me/jungleshop/aud/20/Invoice123 

For example: 

• Customer buys a coffee and a cake for $10
• Pays with Forestcoin
• The FC is converted to USDC $10 (less trade fee)
• The USDC can be withdrawn directly to bank

To learn more go to: https://forestcoin.earth/for-business/ 

Cryptocurrency pairs: 

We have also added Forestcoin trading pairs with 

• BTC
• BCH
• XRP - (with fee free withdrawals)

Removing support for USDT

We are no longer supporting USDT on exchangeforest.com in favour of USDC. For customers who hold USDT in their account please trade it for USDC (no trading fee). 

Market Making

Forestcoin has partnered with an internationally based market making company to ensure that all markets have stable liquidity. This is great news for the stability of Forestcoin. It means, 

• If you're planting trees you know reliably how much you can earn
• if you buy Forestcoin you will be able to get the same amount of value back when you spend it. 
• all Forestcoin / stablecoin markets will have liquidity so any business accepting Forestcoin as payment will be able to receive their chosen stablecoin in a trade at point of sale

This is all great news!

These system upgrades bring us to a point where we now believe Forestcoin has its minimum viable product. 

Please support Forestcoin by 

• Plant a tree and earn FC
• Sell your FC
• Buy FC
• If you own a business, accept FC as payment
• Tell your friends about Forestcoin (and share your referral code so you earn 25% of their trading fees)
• Sign up for the Forestcoin Ambassador program

Lastly, if you would like to meet one of our team members to discuss accepting Forestcoin as payment in your business, or the Ambassador program, or anything else, feel free to set up a meeting https://calendly.com/forestcoin/30min 

Thank you for supporting Forestcoin and our mission to plant a tree for every person on the planet. 

 

All the best

The Forestcoin Team