Paytomat Taps Into $783 Bln US Bar & Nightclub Industry

  • Alex Dovbnya
    📰 News

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


Paytomat Taps Into $783 Bln US Bar & Nightclub Industry

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.

Cover image via u.today
Subscribe to U.Today on Twitter,and get involved in all top daily crypto news, stories and price predictions!

About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

👓 Recommended articles