Payfrit RMS
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.
Features
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
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February 19, 2018
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ability to convert PYT -> USD in app on demand instantly
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February 26, 2018
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ability to verify KYC in app, accredited investor status within one business day.
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March 1, 2018
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ability to convert PYT -> USD at website, immediately spendable on Android app;
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March 9, 2018
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Token sale (likely) starts
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March 9, 2018
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Token sale (likely) finalized
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August 1, 2018
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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.
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October 1, 2018
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hardware ATMs released in beta. Screenless, bluetooth, dispense and accept USD and multiple currencies.
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March 1, 2019
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400 businesses using Payfrit across the country. Annual revenue $10 million. PYT value cap estimated at $2 billion, token value ~$95.00
Activity
Payfrit RMS Team
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Advisors
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Payfrit RMS Last News
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