PAYTOMAT: EXPATIATING THE USES OF CRYPTO-CURRENCY

INTRODUCTION TO BLOCKCHAIN

Blockchain was initiated to support and make the digital era more viable and make the entire system look ease and look simpler. The blockchain has features that will solve challenges the previous system are encountering i.e the blockchain is very secure, it brings decentralization, eliminate involvement of third-party and brings transparency. Cryptocurrency was initiated along with this development to serve as the currency that will be operating on this technology.
However, we have seen different kinds of crypto-currency ranging from bitcoin to ethereum, wave, ripple, EOS, and so many other and more is still coming, but it is very unfortunate many still don't know how to use it. The crypto-currency is just like the physical cash that we use it in buying what we want or using it to pay our necessary bills. Should we say that there is no infrastructure to make all these viable with blockchain technology or people are not knowledgeable enough to know how to use it? The answers to these questions are been answered by Paytomat.

INTRODUCTION TO PAYTOMAT

Paytomat is a platform that want to build an ecosystem that merge token core team, merchants and consumers together. They have came up with infrastructure that sensitize the uses of cryptocurrency in our daily activities. So in a nutshell, Paytomat want to make cryptocurrency a payment option.
The idea of Paytomat is to brings a way where cryptocurrency will be used at Point of Sale in different enterprises.
I believe many of us might have understood the main aim of Paytomat but for better understanding, with Paytomat infrastructure and services, people will able to buy something and pay with a token they have in their wallet and same time, the seller or the merchant will be able to accept crypto-currency.

PAYTOMAT IMPARTATION

Paytomat is creating a positive impartation in the crypto ecosystem by unveiling how to make use of our crypto-currency. There are many coins and tokens surfacing everyday; people acquire it and store it in their wallet and probably take it to an exchange for trading. Paytomat is telling us that we can still use those our token for another purposes i.e using it for payment. So with Paytomat, we can use the coins and tokens in our wallets for payment just like the way we use our ATM to pay for goods and services. Therefore, Paytomat ideology will make the entire nation adopt the uses of crypto-currency since it could be used to obtain all we want.

HOW COULD PAYTOMAT ACHIEVE THEIR AIMS

There are many features of Paytomat which make their aims viable. The Paytomat has a multi-currency wallet which users can store any kind of coins or tokens and used it at any point of need for payment. Moreover, Paytomat has a payment core which are made up of many application programming interface (API) that permits the creation of different enterprises application which access the features or data of an operating system and and processing server together. Again, Paytomat has a payment processing gateways that incorporate with the Paytomats core which elaborate the business logic in the payment system.

ADVANTAGES / BENEFITS OF PAYTOMAT

Paytomat infrastructure are used at Point of Sale; this mean a Paytomat device can be used as a payment system where generating of invoice or receipt will be possible. Again, the Paytomat has devices that connect payment of bills through the internet and also pay bills for E-commerce request. There are many fields which you can use Paytomat infrastructure but I will like us to read more from their official links I will attach to the end of this article.

PAYTOMAT REWARD

There is rewards for being a users of Paytomat. The platform uses their two utility token to reward users of the platform, i.e PTM and PTX respectively.
The PTM coin will be used to rewards merchants that accept crypto-currency for their businesses while the PTX token will be used for rewarding customers that uses crypto-currency for payment.

IN SUMMARY,

Paytomat plans is to make sure crypto-currency has a useful functions rather than trading alone. This will be helpful to everybody in the sense that we can buy all we want with a token in our wallet. Lastly, the Paytomat will be a great advantages to a crypto core team in the sense that their token will have more volume which indirectly increase the value of the token.