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Paytomat Joins Waves Lab Incubator and Receives Funding Boost

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Paytomat is a global blockchain-based payment processing system created to help merchants, consumers and crypto core teams connect and create real-life traction for cryptocurrencies as the emerging method of everyday payments. Built as a decentralized autonomous organization and decentralized franchise, Paytomat features a loyalty program based on the PTM coin, incentivizing merchants to accept payments in crypto, and PTX tokens, thereby incentivizing customers to pay with crypto.

In preparation for its pre-sale which is due to start on the 2nd of April 2018, the start-up has secured 100,000 WAVES in seed funding and will become a resident of Waves Lab – a focused start-up incubator for new projects on the Waves platform.

Paytomat is aiming for an international reach with its decentralized system for cryptocurrency payments and will run the sale of its PTI token this spring. The co-operation with Waves Lab will provide Paytomat with a number of strategic advantages besides the seed funding, including: advisory support; networking with potential partners, advisors, funds and private investors from across the globe; legal advice; and promotion through advising on the project communications strategy, help establishing personal connections with key opinion leaders and influencers, endorsement and contacts within the Waves community.

Waves Founder and CEO and Advisor of Paytomat, Sasha Ivanov stated: “With our Waves Lab we support the most promising blockchain start-ups which are working to solve real-world problems. Paytomat bridges the gap between existing cryptocurrencies and their real-life application, bringing benefits to businesses, end users and cryptocurrency creators. They have a powerful team of crypto entrepreneurs and blockchain experts, and I believe they will disrupt the whole payment industry”.

Yurii Olentir, Paytomat CEO, added: “We’re already working closely with Waves Lab experts on a complex audit of Paytomat ICO strategy and long-term planning. We’re lucky to be a resident and enjoy the unique networking opportunities this community provides. The Waves Lab market expertise and resources will be a valuable asset for Paytomat’s successful token sale, and the substantial early funding gets us to an amazing kick-off.”

The Paytomat pre-sale will run through to the 18th of April, 2018.

Matthew Warner
Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.