Crypto wallet Paytomat announced that it will now allow users to make payments using their Binance Coin (BNB) tokens. The tweet mentioned that users can now store and pay with BNB across all continents via Paytomat.
#BinanceChain is a great success for p2p #trading. But it doesn’t stop there. You can now store and pay with $BNB across all continents using Paytomat.https://t.co/IgU1FP1oeZ
iOS https://t.co/eEPDtNalng@binance @cz_binance
— Paytomat (@paytomat) May 23, 2019
The Paytomat application is available for both iOS and Android platforms. It allows users to make daily payments for common things like groceries, restaurant bills, cab payments, etc., using digital tokens stored on the wallet.
BNB is the native token of the world’s largest cryptocurrency exchange, Binance Exchange. The token is mostly used as a trading pair for other major digital currencies, rather than being a daily use token. However, Binance has been looking for other ways to utilize BNB. Availability on Paytomat will help BNB cover new ground as a payment instrument.
Adoption of digital currencies in the daily life of people is a goal which every crypto start-up wants to achieve, and Paytomat is no different. The growing popularity of cryptocurrencies as a payment instrument and several major retailers now accepting crypto payments is pushing the growth prospects to newer heights.
Paytomat offers a unique peer-to-peer payment service. It allows users to store various digital tokens in the wallet, including Bitcoin, Litecoin, Ethereum, Dash Coin, and Binance Coin. At the time of payment, it converts crypto to fiat in real-time making payments ever so simple. Converting crypto to fiat also allows is to cater to a vast number of retailers.