Paytomat PTM ICO: Cryptocurrency Blockchain Payment System?

What Is Paytomat?

Paytomat is a platform that incentivizes transactional usage of crypto by use of a decentralized network of point of sale terminals. The platform incentivizes customers and businesses to accept different cryptocurrencies while bringing liquidity to the cryptocurrencies. The platform has an extension that receives payments in the form of digital coins on an existing point of sale. The extension is already deployed to 150 merchants. The developers of Paytomat are currently beta-testing customers beta wallets and a standalone Paytomat mobile POS for a blockchain loyalty program and the processing of payments.

How Paytomat Cryptocurrency Blockchain Payment System Works

The main objective of Paytomat is to increase the penetration of cryptocurrencies as a payment instrument. The platform hopes to achieve this by providing a reliable and feature-rich solution for acceptance of cryptos and for using cryptos as payment. The following systems help to achieve this objective.

  • The PTM coin is a stimulus for merchants that encourages them to accept cryptocurrencies. It is also the basis for the sui generis loyalty program for all the merchants who decide to accept and use the digital currencies.
  • The PTX token is a reward system that rewards customers who use cryptocurrencies to pay. It is similar to the loyalty cards used in grocery or pharmacies that accumulate rewards and special bonuses each time a customer spends money on the service provider premises.

The target audience of Paytomat include the teams of cryptos who are the founders and advisors of blockchain startups that have cash like cryptos that need high circulations volumes for better liquidity. The other type of customers for the platform are the merchants who are willing to accept cryptocurrencies. The system will drive new cryptocurrency customers to their businesses, and the merchants will get loyalty benefits via the PTM coin. The other beneficiaries are the customers that use crypto as a form of payment. The system will provide these customers with a convenient payment system. The customers can further use the PTX token for payment.

Paytomat Features

The Paytomat Core

This is made of a combination of a set of APIs that connect the database to different actors, database, and the processing server operating the database.

Payment Processing Gateways

The gateway is used to interpret the business logic of the payment partners to the core, which makes the communication uniform.

Multicurrency Wallet

This wallet allows for sending and accepting cryptocurrencies that are available in the system. The wallet is also the basis of the loyalty program that is built around the PTM loyalty coin and PTX loyalty rewards token.

Paytomat Platform Uses

The platform can be used in the following ways:

Point Of sale

The platform directly integrates with leading point of sale software, also provides on display invoices, printed QR code receipts and directly integrates with the business accounting and billing systems.

E-commerce

The platform can be used to create checkout modules for shopping carts. It integrates with e-commerce solutions, donation buttons, and website payments.

Chatbots/Massager

The Paytomat platform has a social media enabled payment with a digital coins feature. The feature also has a personal identifier. Additionally, one can automatically pay via Facebook, telegram and other chatbots.

Paytomat PTM ICO Details

The Paytomat PTM ICO starts on May 8th and ends on May 25th. The PTM token is based on the Waves platform.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,440FansLike
2,795FollowersFollow
4,189FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin Flash Crashes to $8,600 with BitMEX Shenanigans at Play Again

Bitcoin doing bitcoin things! Today, Bitcoin had yet another moment like March 12, although the price didn’t crash that low. https://twitter.com/100trillionUSD/status/1267835341987340288 Yesterday, Bitcoin jumped as high as...

AVA Labs Integrates Chainlink’s Decentralized Oracles to Improve DeFi Dapps Development

AVA blockchain, becomes the latest platform to add Chainlink, a decentralized oracle system to its platform. The integration of Chainlink to the Dapp blockchain...

Binance Korea to Improve KYC/AML Framework With Coinfirm's Compliance Solution

Binance South Korea unveiled a unique partnership with Blockchain analytics firm, Coinfirm that will help Binance remain compliant with the strict AML framework...

2nd Largest BTC Mining Pool, Poolin, Collabs With BlockFi, To Boost Crypto Lending Service

Poolin and BlockFi have formed a partnership as the latter aims to extend loans to the mining pool. Bitcoin (BTC) and mining equipment...

Crypto Exchange Coinbase Can’t Keep Up with Bitcoin (BTC) Rallies

The US-based exchange, Coinbase, went down for about an hour yesterday, the day bitcoin shot past $10,000. The world’s leading cryptocurrency spiked about 10%...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today