XEM tokens become available as a payment method across hundreds of point-of-sales integrated with the Paytomat solution, with more to come.
April 30, 2018, Tallinn, Estonia and Kyiv, Ukraine – Paytomat, the decentralized payment solution for crypto, joins NEM as an enterprise member to drive cryptocurrencies mainstream adoption worldwide. To begin with, Paytomat now supports XEM tokens, in addition to LTC, DASH, WAVES, ETH, BCH, NANO, ZEN, DCR, XZC, and BTC. Paytomat is also exploring the possibility to utilize NEM blockchain architecture as a base for Paytomat, as well as adopting NEM’s Apostille blockchain system for notarization of the various legal documents.
Speaking about this latest development, Paytomat CEO Yurii Olentir said:
At Paytomat, we’re looking for a blockchain that has a fast confirmation times and low fees, stable full nodes, strong dev team, and a scalable infrastructure that can potentially handle thousands of transactions per second. NEM satisfies all these, and we’re excited to have landed one of the most successful blockchain projects in the industry as an enterprise member. I paid for my coffee with XEM a couple of days ago, and the transaction took only 4 seconds. This proves our idea that cryptocurrencies can be conveniently used for real-life payments.
Stephen Chia, NEM Regional Director for Southeast Asia, offered his thoughts as well:
We are pleased to have Paytomat join the NEM Enterprise. Paytomat illustrates innovation in blockchain-based payments and we believe by using NEM’s open source technology, they are poised to become the preferred decentralized payment solution for global cryptocurrency adoption.
Launched in 2017, Paytomat has gained solid traction in Ukraine with over a hundred businesses accepting crypto, and letters of intent signed with dozens of merchants in Europe. Having partnered with Poster, Profit Solutions and 1C, Paytomat is now negotiating with other POS systems to perform direct integration into these POS products. With its decentralized system for cryptocurrency payments, Paytomat introduces several innovations in the blockchain industry, including a unique blockchain-based loyalty program and a decentralized franchise model.
Paytomat is a blockchain-based payment processing system created to help merchants, consumers and crypto core teams to find each other and create real-life traction for cryptocurrencies as an emerging method of everyday payments. Built as a decentralized autonomous organization and decentralized franchise, Paytomat features a unique loyalty program based on PTM coin, incentivizing merchants to accept payments in crypto, and PTX tokens, thereby incentivizing customers to pay with crypto. For more information visit https://tokensale.paytomat.com. Media contacts: firstname.lastname@example.org.
About NEM.io Foundation
NEM.io Foundation is a non-profit organization based in Singapore, set up to promote NEM’s blockchain technology globally. It is currently one of the most well-funded and successful blockchain technology projects in the industry.
Images courtesy of Paytomat