Paytomat Joins NEM As An Enterprise Member to Expedite Crypto Payments in Real Life
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 – , the decentralized payment solution for crypto, joins 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 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, and, 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.
Join the Paytomat official Telegram for 24/7 support:. Follow Paytomat Twitter for the latest news:.
About Paytomat
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. Media contacts: .
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
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Published at Tue, 01 May 2018 13:00:53 +0000
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Altcoins are Going SegWit for Price Boost of a Lifetime
Little-known altcoin DigiByte is following Litecoin and Syscoin in making investors rich with impending SegWit activation.
DigiByte Celebrates Countdown To Ultimate Pump
Metrics highlighted by developers Saturday show the proportion of DigiByte miner support at 72.48% – inching past the 70% activation threshold.
“6 more days to go till activation at this rate! Happy Easter everyone!” a Twitter post added.
We have hit the 70% activation threshold for on ! 6 more days to go till activation at this rate! Happy Easter everyone!
— DigiByte (@DigiByteCoin)
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Despite having barely made a name for itself prior to the announcement, DigiByte is currently 63rd in CoinMarketCap’s , its price increasing 15% in the 24 hours to press time Sunday and having more than doubled since the beginning of April.
SegWit Spinning Gold Across The Board
The events continue an increasingly familiar pattern of behavior among altcoins. Both Litecoin and Syscoin have already benefitted from elevated interest, trading and publicity from SegWit activation ‘likelihood,’ with traders after extended periods of flat prices.
Litecoin is currently trading at $10.76 per token, maintaining highs not seen since 2014 and dwarfing the many months it spent dormant at just under $4.
SysCoin’s story is almost identical. Having staged a modest increase in April 2016 following a , prices remained at around $0.01 per token until SegWit activation announcements saw them treble to $0.03.
Reactions to the altcoin phenomenon have been mixed. While SegWit potentially provides a convenient method for get-rich-quick schemes, reflecting on bitcoin’s battle with the technology’s activation, BitFury CEO George Kikvazde was rueful.
“One can only imagine at what price level bitcoin would be now, if a sound, well-tested tech like segwit had been activated,” he last week as Litecoin’s success edged closer.
bitcoin & SegWit Still Unholy Matrimony
In further bitcoin news, major Chinese mining pool F2pool said on Friday in accordance with its poll results it would be implementing SegWit on both Litecoin and bitcoin “soon.”
As 56% from the poll in favor of segwit & agreed UASF is bad. We'll respect ur opinion and implement segwit on both BTC & LTC soon. Thanks.
— Wang Chun (@f2pool_wangchun)
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The decision comes despite lead figure Wang Chun’s frequent criticism of bitcoin Core and preference for a user-activated soft fork (UASF).
Following the SegWit statement, Chun Core to Chairman Mao, with users similar to the Red Guard.
What do you think about altcoins and SegWit activation? Let us know in the comments below!
Images courtesy of Twitter, Segwit.co, Shutterstock
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