Chimpion to Feature Paytomat Technology for Point of Sale and Settlement Backend

TALLINN, Estonia, January 2, 2019 (Newswire.com) - Paytomat has partnered with Chimpion (CHIMP) in an effort to drive merchant adoption, providing the new crypto e-commerce project with the code for its Point of Sale and Settlement technology. Paytomat joins Shopping Cart Elite and Bitcoin Diamond (BCD) in contributing technology to Chimpion, a crypto e-commerce platform that welcomes merchants around the world to a new era of online selling.

Paytomat’s point-of-sale integration is critical for Chimpion to succeed in reaching its goal of creating a community-driven e-commerce market. “As e-commerce reaches new heights, the demand for online cryptocurrency payments rises as well,” said Yuriy Olentyr, CEO of Paytomat. “We have contributed our technology to Chimpion because we believe in their potential to transform the e-commerce space and promote the adoption of digital currency.”

We have contributed our technology to Chimpion because we believe in their potential to transform the e-commerce space and promote the adoption of digital currency.

Yuriy Olentyr, CEO of Paytomat

The integration of Paytomat’s point-of-sale system in the Chimpion ecosystem will allow people to easily send and receive cryptocurrency across the world, making international purchases more accessible. Now, Chimpion merchants can accept cryptocurrency payments with their existing hardware in brick-and-mortar stores, restaurants, vending machines and more.

Paytomat and Chimpion share a common mission of bridging the blockchain ecosystem with retail. Their goal is to incentivize traditional merchants to enter the e-commerce space by leveraging the advantages of selling with cryptocurrency. For merchants, adopting crypto for e-commerce will allow for lower transaction fees, faster transactions and access to a broader network of potential customers and suppliers. For the global market, this will be a stepping stone toward mass adoption of cryptocurrency.

Paytomat’s ready-to-install crypto payment solution is currently being used by more than 300 merchants in Ukraine, Italy, the Netherlands and Spain – ranging from restaurants to stores, beauty salons and even medical clinics. This strategic partnership aligns with Chimpion’s vision of providing a platform for merchants to start their own e-commerce businesses more easily with little initial investment required.

As the total number of cryptocurrency wallet users worldwide has climbed steadily, reaching 28 million as of September 2018, Chimpion believes that now is the perfect time for merchants to start adopting cryptocurrency payments. Utilizing Paytomat’s well-established crypto payment system, Chimpion plans to be a leader in the new era of trade and e-commerce.

About Chimpion

Chimpion is a cryptocurrency e-commerce platform that enables any merchant to begin accepting cryptocurrency payments online. By holding Chimpion (CHIMP), merchants can gain access to Chimpion’s robust crypto e-commerce platform for free, without needing to pay a monthly subscription fee. Chimpion was developed using technology from Shopping Cart Elite, Paytomat and Bitcoin Diamond (BCD) and combines comprehensive e-commerce features with convenient payment processing.

Chimpion’s primary goal is to drive the adoption of cryptocurrency as a payment solution by operating a rich e-commerce platform centered around digital assets. New startups and established merchants alike can become part of Chimpion’s vast network to take advantage of its fast and affordable transactions and user-friendly infrastructure.

About Paytomat

Paytomat is a decentralized crypto payment system that is currently used by more than 300 merchants, brick-and-mortar and e-commerce alike. The Paytomat Wallet currently accepts numerous powerful cryptocurrencies. It works as a convenient multi-coin tool, allowing users to store and manage assets in one secure app.

Paytomat offers a standalone crypto payment solution, enabling brick-and-mortar merchants to accept cryptocurrency payments without the need to purchase additional hardware. The solution integrates seamlessly with the merchants’ existing point-of-sale systems.

By increasing the security and speed of transactions and streamlining payments in multiple cryptocurrencies, Paytomat’s goal is to bridge the blockchain ecosystem with retail.

Source: Chimpion