Make Instant Payments in Multiple Cryptocurrencies using the PAYTOMAT Wallet [REVIEW]
Introduction
Blockchain has become one of the most used words when it comes to technology and business over the past years. Big businesses and large companies mention the blockchain technology at some point, they are either making use of one or more of the features which includes the decentralized feature, transparency feature etc.
One major feature that exposes new users to this technology is the Dapps and Wallets that has been built based on the blockchain technology interface, new users will always find a means of securing their assets and this is what brings their attention to Dapps and Wallets. But most times, users find it difficult to actually find wallets and Dapps that suits their needs. These needs could be saing multiple cryptocurrencies in one wallet, finding a wallet that requires little or no transaction fee, completing multiple transactions in one click, using your cryptocurrency assets to pay everyday bills, assurance of safety of assets, very fast transaction, etc.
There are lots of wallet Dapps Available today with different features, but the PAYTOMAT offers amazing features which enables users to pay their everyday bills in cryptocurrency.
PAYTOMAT WALLET
Paytomat wallet bridges the blockchain ecosystem with retail, handiing the risks, increasing transaction speed and enabling instant payments in multiple cryptocurrencies. It is most suitable for business owners and people who intend to spend their crypto assets on daily basis.
Paytomat is based on blockchain technology driven by PTM coin where each member benefits from and fuels the ecosystem’s growth. Fees from each transaction are distributed between all participants, with zero cost for merchant and POS and best exchange rate chosen for the customer.
Core Features/Principles
PAYTOMAT intend to introduce to the world of cryptocurrency payments and technology in general
Security: Utilizing all the power of blockchain technology to secure each transaction in the system.
Transparency: providing a transparent system to be to all clients and being open for new participants that are able to add more value to the ecosystem.
Privacy: While keeping the system open, there is much care about user privacy. All private data which are not not essential for transaction purposes will be kept safe. Customers will be able to delete their private data upon request according to the latest data privacy laws.
Convenience: the aim is to provide a soluRon with minimal barriers for Merchant adoption, so they do not need to reinvent their businesses just for a new payment option. this will be achieved by creating a seamless processes of Customer-to-Merchant payments that are easily understandable, secure and fast.
Providing all partcipants of the network with nice benefits to motivate them to spread the word, which in turn will lead to mass adoption.
Exclusive benefits offerd by PAYTOMAT
Everyone stands go benefit from PAYTOMAT either as Clients, Merchants or as partners.
What do i stand to gain as a client?
Variety of cryptocurrencies for payments
Loyalty rewards and discounts on all transacions
Small commissions on every transactions.
Benefits for Merchants
0% transaction fees
A Merchant will be rewarded for accepting crypto
Always gets new returning customers
Ability to choose a preferrable currency for withdrawal
Benefits for Partners
All Partners are eligible to Participate in fee distribution
Partners recieve Income for maintaining the system
Increased liquidity and demand for the coins
Getting Started with the PAYTOMAT Wallet
Download the Android App Here
After downloading the app, open it and the next interface is where you will read and accept the privacy policy.
Next you'll recieve a welcome message together with two other options, but as a new user, you click on "create new wallet".
The next page is where you register your account, click on quick registration.
The next page is where you will be asked to add email address or phone number and you can as well skip, but it's advisable to add either of the two so you can verify your account.
A 4 digit code will then be sent to the email address/phone number for verification, you are required to enter the code in the space frovided in the app.
Once the correct digits have been entered, you will recieve a success message that your email has been linked.
The next stage is to configure the wallet, then click on configure.
Then setup a pin to enable personal access to the wallet, alternatively you can choose to use biometrics if your device supports biometrics configuration. I used my finger print because my device supports biometrics.
The next stage is to copy and save the generated seed phrase for your wallet in the correct order. If exposed, it can be used to hack the wallet so keep it really safe. Click on backup.
Enter the Saved seed phrase in the last step in the correct order to fully setup your wallet. Once wallet is setup then you will be required to select the list of cryptocurrencies you will like to make use of from the list provided.
In order to add token, you can click on the plus(+) sign at the top right corner then either add Ethereum or EOS token.
For example, i clicked on EOS and all the list of EOS wallets supported by this app was listed so i can choose whichever wallet i want to add as shown below.
At this stage, all selected wallets will now appear in the front page of the app showing the value/amount of token in each.
The wallet is ready for use.
Merits of the PAYTOMAT Wallet
- Multi-assets support; Store, send and recieve multiple cryptocurrencies (13 and still counting) all in a single interface.
- Supports unlimited number of EOS and ERC20 tokens
Quick payments capabilty.
Cutting edge security.
Supports mQR (Instant payment via QR)
Drawbacks
The only drawback about the PAYTOMAT wallet is the fact that some EOS tokens that have been integrated into it have not started functioning properly, i added a particular EOS account and the message i got shows that the integration has not been fully fuctional.
Conclusion
The PAYTOMAT wallet has been able to satisfy the needs of a lot of users with its amazing and wonderful features and i am ready to recommend this wallet to anyone who is seeking a suitable wallet for business and everyday cryptocurrency payment purposes.
MY RATING
Looking at the good features offered by this Dapp, i rate it 5/5.
Visit StateOfTheDapps to see other wallet Dapps.
USEFUL LINKS
All images were sourced from the PAYTOMAT website and Wallet on my phone unless otherwise indicated.
Disclaimer: This is not a financial advice as regards use or adoption. However, this article is a review and personal opinion for the purpose of wallet illustration, I also recommend that you make your own personal research.