The Importance of Working with Crypto Communities

Get acquainted with Paytomat partners and find out why it’s so important to work with other cryptocurrency communities.

It’s no secret that cryptocurrency is a pretty specific industry. We aren’t even talking about the ongoing struggles between the fiat and digital worlds. Today we are experiencing what happened with personal computers in the early 80’s or with internet technologies in the 90’s — crypto became the “Terra incognita” of the digital community. Today, its world gets gradually populated with new places and players, such as startups and new blockchain ideas.

There is simply no template or formula for the success in cryptocurrency industry. If you get into the nitty-gritty details, think about the profession as blockchain-architect. For how long has it existed? Or how about the very concept of decentralization? As experts are saying, up to 90% of people found themselves in the blockchain world from no earlier than in 2016.

Therefore, it is not a surprise for anyone that the industry is suffering from a lack of professionals with much needed new specialities, as well as pioneers still experimenting with the UI/UX approaches. Over time (due to the ever-increasing speed of development, this should read “very soon”), Blockchain will outgrow these issues, following the example of any other industry, whether it is website creation and support, email services or even social networks.

The strength of the industry is in unity.

Here at Paytomat, we believe that any crypto-startup cannot do without the help of industry colleagues or their communities. Of course, it is normal to consider others as competitors in business, but we’re all on the same page when it comes to helping the industry grow. Relevant examples are crypto-summits and blockchain conferences where almost all the main players of the decentralized world come together.

Besides, there are several obvious advantages entailed with direct interaction with crypto communities. Firstly, it increases brand awareness and significantly enhances reputation. It’s pretty logical that working with friends is much more comfortable than trusting someone from the street with your thoughts and secrets.

Secondly, as mentioned briefly, any crypto team, one way or another, participates in the arms race and wants to complete its project global mission ( i.e., become means of exchange, a way of payment, or a convenient service, etc.).

At the same time, through achieving success and fulfilling plans, we involuntarily move the industry forward. Last but not least (especially for Paytomat), crypto-communities are the target audience of every blockchain-business in the first stage of development. Every community has its own favorite currency which they want to spend on services or goods. Why not give them this opportunity?

At the moment, our team spends a lot of time networking with other industry colleagues, negotiating with our potential customers or companies that are searching for ways to accept crypto-payments. We are very pleased that Paytomat has already forged partnerships with some well-known crypto-companies. With that said, we are pleased even greatly so, that the community believes in us. The list of new collaborations is growing!

We are happy to present you our current partnerships. They are:

‎NEM

NEM is one of the most developed blockchain projects we strongly believe in. It powers what they call the Smart Asset System. This system is intended to be an open, customizable blockchain solution for any number of use cases built on simple and powerful API. During World Blockchain Summit we shared a booth and demonstrated how to make payments in NEM through the Paytomat systems. This crypto coin is already integrated into our solution.

Paytomat and NEM team during presentation at World Blockchain Summit, Dubai

Dash

When it comes to the number of transactions and community support, Dash is the best performing crypto right now. It offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding mechanism that fosters the creation of independent entities that serve the network. This decentralized governance and funding system makes Dash one of the first decentralized autonomous organizations (DAO) and the first DAO recognised by the international law. Interesting fact: originally we had a grant from this team to develop an MVP of our payment system.

Yurii Olentir, CEO Paytomat and Ryan Taylor, CEO Dash Core Group Inc. during Consensus

‎Waves

It’s a decentralized financial trading platform built on its own blockchain for storing, trading, managing and issuing digital assets, with ease and security. Waves Labs contributed 100,000 Waves in total to our project.

Yurii Olentir, CEO Paytomat and Sasha Ivanov, CEO Waves

Sasha Baranovskiy and Waves representative during the opening of the first restaurant in Amsterdam

Paytomat CTO and Chief Analyst during Consensus

‎SONM

SONM is offering general-purpose computing cloud-like services based on fog computing as a backend. Computing power suppliers (hosts) all over the world contribute their computing power to SONM marketplace. Currently, we have an integrated team who are working on marketing the product.

‎Zencash

A unique project focussing on the latest privacy technologies. As Zencash team declares, their main goal is to make ZenCash the most useful private cryptocurrency on the market. They are very supportive of us since they discovered how big our project goal really is.

‎Dimecoin

Dimecoin is a digital payment solution built on speed and security which makes it ideal for micro payments. It can be utilized online or in-store through our open source network which is supported by users worldwide. Their community is one of the most open and responsive one, which is exactly what we are looking for in most of the projects.