Paytomat to provide NANO with Point of Sale Application for Payments
NANO has tweeted a solution for its usage as a means of payment. The partnership brings Estonian Paytomat and NANO to provide a Point of Sale (PoS) service in which users can buy crypto to use as payment at restaurants, hotels, shopping and more.
Paytomat provides the infrastructure which users can download from the Android or IOS store. Though the platform provides you with your own Paytomat wallet, users can choose a wallet they may be currently holding crypto in, mitigating the need to shuffle crypto around. An individual or company can become a distributor and establish the system in their country.
The service currently supports payments in the form of Bitcoin (BTC), Bitcoin Cash (BCH), DASH, Ethereum (ETH), NANO, WAVES, Decred (DCR), Litecoin (LTC), Horizen (ZEN), ZCoin (XZC), NEM and Dimecoin (DIME). This allows users to buy bitcoin or one of the other cryptos to use as payment. The system also incentivises paying with crypto as a user can buy crypto to use as payment to receive loyalty rewards.
A lot of cryptocurrencies have not reached their full potential. The PoS system addresses some volatility concerns as the merchants will not expose themselves to price fluctuations. A fiat gateway will be used to convert the crypto to fiat and make settlement to the merchant, potentially increasing the cryptos demand and liquidity.
More projects are increasing the functionality of their coins and their application of it. The PoS system could become a major gateway for the adoption of merchants accepting crypto as payment. Such a system could prompt those to buy cryptocurrency who wish to use it for everyday purchases for security and speed.
To make sure you keep up to date in the world of crypto or to buy and sell cryptocurrency, head over to BC Bitcoin.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
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