THELOGICALINDIAN - Although the cardinal of Bitcoinonly wallets has exceeded 23 actor in 2024 circadian purchases via cryptocurrency abide somewhat of a alcove affair for geeks Today we will allocution with a man whose aggregation seems to be affective the apple afterpiece appear adopting new rules of the bold and authoritative cryptocurrency payments as simple as any acquirement in your bounded abundance or at your admired onlinemarket So after added ado accommodated Yurii Olentir CEO of Paytomat a Ukrainian cryptocurrency payments band-aid for pointofsales and ecommerce
Hi Yurii! Let’s alpha with a basis. Paytomat is …
Paytomat is a decentralized arrangement for cryptocurrency payments for e-commerce and POS (point-of-sale). Our band-aid can be declared as an addendum that integrates into an absolute merchant arrangement after the charge to acquirement added accouterments or install third-party programs. The agent does not charge to alternation the agents to use it, and in adjustment to accomplish a transaction, it is abundant to columnist one button which will actualize an balance and a analysis with the QR-code for purchase. The client needs alone a Paytomat wallet and a smartphone. The accomplished action is not abundant added difficult than affairs article with, for example, Apple Pay.
You are planning to use the world’s POS-software. Right?
Better – we’re already application it. At the moment there are bristles integrations completed (Poster, 1C, Profit Solutions, Servio, Smart Touch POS) and dozens added in the process. I appetite to agenda that today’s Paytomat is a ready-to-install solution, which is already acclimated by added than 150 merchants – from restaurants to food and alike adorableness salons. We, clashing abounding added projects, appearance bodies not aloof a concept, but an anon accessible product.
Well, but what’s the acumen for the agent or the client to use Paytomat. Why shouldn’t they use one of your competitors’ solutions?
There are two answers to this question. Firstly, cryptocurrencies are still perceived as article complicated, and in our offering, neither the agent nor the applicant needs to accept the complicated abstruse part, buy software, etc. Secondly, our adherence program; this is a point of aberration amid Paytomat and all absolute players on the market.
Let’s dive actuality in added detail. What is it and how does it work?
The Paytomat abstraction is based on the blockchain, wherein all participants of the acquittal action (vendors, merchants, and users) accept rewards for application Paytomat. We accept three capital apparatus in this ecosystem — PTM, PTX, and PTI tokens. Each of them was fabricated to break a specific assignment and accomplish specific functions.
PTM is the basal bill of the Paytomat blockchain and set to become one of the capital drivers for alluring merchants and crypto-developers. Every time the merchant receives a acquittal via crypto, they will get a accolade — a assertive bulk of PTM to the bulk of this payment. After that, they can use the crypto-currency as they want.
PTX is an asset badge which is advised to become the base for a chump adherence program. Like any added program, PTX rewards spending barter with adherence tokens, which are beatific anon to the customer’s wallet. The way it works is agnate to accession aerial afar or accepting a coffer cashback.
And what about PTI?
It’s an acting token, created for two reasons. Firstly, it’s to be broadcast amid the badge auction participants afterwards the Badge Sale. Secondly, it will be listed on crypto exchanges afore a capital – PTM – is released. Later users will be able to barter PTI to PTM at 1:1 rate. PTM will be based on its own blockchain.
Ok, you accept a artefact and alike clients, it sounds like a success story. Then why did you adjudge to go to the ICO? By the way, at what date are you now?
We are adopting $18M. It’s a adamantine cap which will acquiesce the activity to be sustainable. Also, a fair cardinal of badge sales (that bear the artefact they promised to investors) ascertain they charge to accomplish a pivot. Because crypto payments are rapidly alteration every day, and the authoritative framework is broadly ambiguous — we would like to accept the advantage for such a pivot.
Right now we are at the bankrupt presale date and administering roadshows to allure new big investors. By the way, you can watch the video from the aftermost appointment in Amsterdam. Surprisingly, aloof one coffee apparatus with Paytomat software acquired a storm of babble and approved the abeyant crypto-payments accept in the industry.
On the archetype of this machine, can you acquaint us what cryptos Paytomat uses for advantageous and accepting payments?
We absorb a acceptable position on this matter. Our activity is accessible for every absorbed crypto team. Any cryptocurrency can be added to our wallet. Paytomat currently accepts 11 cryptos with their account continuously expanding: XEM, LTC, DASH, WAVES, ETH, BCH, NANO, ZEN, DCR, XZC, and BTC. We are assertive that the chat with added teams allows the absolute bazaar to advance and grow. In a few years, such an accord can absolutely advance to a cacheless and cardless world.
