Payfrit RMS

Payfrit RMS

Created using Figma
Created using Figma
Payfrit RMS (Restaurant Management System) is a revolutionary new model for the restaurant, food and beverage, and hospitality industries. We provide a single unified framework that allows these businesses to seamlessly provide service to their customers regardless of the setting: dine-in, scheduled dine-in, takeout, drive through, and delivery, all united in one ubiquitous app. More importantly, full control of these functions and processes is now in the hands of the restaurant owner instead of a third party.
Jan 15, 2018
Feb 8, 2018
100% completed
Raised funds - no Data
Token Details
Accepted Currencies
Company Details
Registered Country
United States
Additional Details
Platform, Tourism

About Payfrit RMS

In addition, Payfrit RMS translates smoothly into any food, beverage, or hospitality environment. We offer exciting new capabilities to a wide variety of industries: hotels, casinos, night clubs, theaters, arenas, sporting events, even food trucks and street vendors can greatly benefit from Payfrit RMS. As an underlying engine to this system, Payfrit also has a proprietary closed loop payment network that facilitates many different transaction types across all use case scenarios.

With the recent advent of initial coin offerings, Payfrit is launching a new multi-purpose token that will be an important cornerstone for not only our platform but also our fundraising plans. Tokens can be used for everyday transactions with restaurants that use Payfrit RMS, such as dining at a table service restaurant, paying for delivery to your home or office, or even tipping your server or delivery driver. After being accepted for payment these businesses can in turn use tokens to pay their vendors that use Payfrit RMS, including their monthly service fees paid directly to Payfrit.


Payfrit RMS allows participating restaurants to save at least 30% on labor, increase revenue by at least 20%, all while providing much more efficient and accurate service to their customers.

Technical Info

Ethereum ERC20 standard token.

Payfrit RMS Roadmap

  • February 19, 2018

  • ability to convert PYT -> USD in app on demand instantly
  • February 26, 2018

  • ability to verify KYC in app, accredited investor status within one business day.
  • March 1, 2018

  • ability to convert PYT -> USD at website, immediately spendable on Android app;
  • March 9, 2018

  • Token sale (likely) starts
  • Read More
  • March 9, 2018

  • Token sale (likely) finalized
  • August 1, 2018

  • 12 businesses using Payfrit locally in Los Angeles/Orange County, 6 businesses providing mail order fulfillment. Annual revenue $300k. PYT value cap estimated at $60 million, token value ~$3.00.
  • October 1, 2018

  • hardware ATMs released in beta. Screenless, bluetooth, dispense and accept USD and multiple currencies.
  • March 1, 2019

  • 400 businesses using Payfrit across the country. Annual revenue $10 million. PYT value cap estimated at $2 billion, token value ~$95.00



Payfrit RMS Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

John Mizerek
Founder of Payfrit


Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Goodwin Procter
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