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.
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.
“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.”
“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.”