Paytomat

PAYTOMAT

This is a platform that incentivizes businesses and customers to accept a broad range of crypto currencies while at the same time increasing the liquidity of the digital currency. It consists of a set of software solutions (both web-based and native) that are compatible with virtually all major operating systems and commercially available hardware.  The system is set to streamline the process of accepting transactions in crypto and reduce the cost users incur when paying in crypto.

PROS:

• The system features a unique block chain loyalty program, centered on PTM coins that motivate merchants to accept payments in crypto, and a PTX token through which customers are rewarded for using the platform.
• Being a decentralized autonomous organization, the platform incorporates a Point of Sale Proof-of-Stake protocol that enables any POS device in the network to function as a master node on PTM Block chain.
• A Paytomat all-in-one multi-currency wallet allows sending and accepting crypto available within the system. The wallet also serves as the basis of the platform’s attractive block chain-centered loyalty program.
• Merchant POS plugins help merchants who already have fiat payment systems to adopt the crypto opportunity and even expand their market by attracting crypto enthusiasts to become their clients.
• A handy crypto payment bot for messaging applications provides a way to link a user’s social media or messenger ID to block chain address of the crypto currency they are using. This feature makes cash transfers an ambient experience.
• The Team: The platform has an adequate number of highly skilled team members a feature that shows the system will indeed thrive.
• The whitepaper: The Whitepaper is elaborate and hence covers all aspects of the system. A reader (potential investors) gets answers to all possible questions.

CONS:

• Considering its decentralized nature and anticipated adoption rate running and managing the system will be somewhat complicated.
• The wallet only accepts digital currency available in the platform. This may inconvenience individuals who have wallets with other networks who would like to transfer the same to Paytomat.
• Of the platform’s three target audience, none is financial institutions yet they play a crucial role in eliminating people about digital currencies.

SUGGESTIONS

• Set aside a substantial fraction of the income to augment the system so as to cope with the potentially large number of users.
• The wallet should be designed to accept crypto currencies from other platforms to enable users transfer their cash from other networks to platform.
• The platforms should target financial institutions and credit card firms. These organizations have already gained the trust and confidence of users and hence are best positioned to market the system.

NOTE:

Paytomat is a brilliant idea. That the concept has already been tried and stress-tested in the toughest market and found to be the toughest globally in terms of fraud and payment security is sure evidence the platform will succeed. I will, therefore, invest in it.

Paytomat is a well thought-out project and has several strengths:

A product demanded by the market
Clear vision of the market
Good understanding of the target audience.
The weak points of the product are as follows:

Small project team
There is no coherent marketing strategy.