Paytomat Taps Into $783 Bln US Bar & Nightclub Industry

  • Paytomat, a Blockchain-based system for crypto payments, is poised to increase crypto adoption in nightclubs by cooperating with American Nightlife Association (ANA)

Cover image via U.Today

Paytomat, a Blockchain-based system for cryptocurrency payments, is poised to increase crypto adoption in nightclubs by cooperating with American Nightlife Association (ANA), a recent press release states.

After being launched back in 2017 and successfully operating in Europe, Paytomat is targeting global expansion by joining forces with ANA. The association will potentially help the startup attract more American investors.  

This partnership is meant to make it easier for nightlife businesses to accept cryptocurrency payments, which would subsequently give them a competitive advantage. Paytomat CEO Yurii Olentir points to the fact a great number of merchants are considering accepting Bitcoin as a means of payment.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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