PumaPay- Mission Possible. The Protocol that makes billing available for all companies.
Day by day products and services suppliers have to deal with expensive and inefficient payment methods. Currently, credit cards, blockchain or digital currencies are not optimal for making payments. In a rapidly growing global e-commerce market, new and improved technologies are needed to pay for goods and services over the internet.
Inefficiency of existing payment methods. Pumapay solution.
Pumapay is a decentralized full-featured direct debit protocol using blockchain technology.
The basis of PumaPay is a free payment protocol (PullPayment), which solves the problem using the revolutionary architecture of interactive contracts (PullContract). The latest interactive contracts use blockchain-based billing technologies to provide more flexible and functional payment mechanisms.
The Protocol is designed to allow consumers to use cryptocurrencies daily for making online and offline transactions.
PumaPay will ensure the decentralization of payments.
The uniqueness of the PumaPay protocol lies in the fact that the platform was developed from scratch and used its own architecture to provide flexibility, scalability, high efficiency and payments safety with minimal costs and also expand the possibilities of using cryptocurrency for everyday payments.
Retailers and service providers using the platform's Protocol will be able to:
- provide its clients with a convenient billing system using cryptocurrencies.
- reduce the cost of servicing payments by providing direct payments.
- Offer a transparent and secure payment system, eliminating the risks of fraud.
How to use PumaPay
PumaPay strives to meet full needs range of its customers. The payment protocol can be used for direct payments from debit cards, for example, to pay for cable TV or services, to pay for purchases both online and offline in any store that supports PumaPay. The application has a map showing the position of all outlets using PumaPay as a payment system.
Examples of PullContracts usage:
- Recurring payments. For example, the payment for subscriptions or utilities.
- Single payments. The payment for the bill at the restaurant or movie tickets.
- Shared payments. To pay for multiple recipients within the same program, for example, affiliate program.
- Restricted payments. The ability to assign a maximum amount for payments over a certain period of time. For example, set parental controls to limit your child's purchases.
Conclusion.
PumaPay will help to improve the existing payment mechanisms, making them more understandable and cheap, as well as provide a flexible system for the widespread use of cryptocurrencies as a means of payment for regular payments. The main purpose of PumaPay tokens is to support the functional mechanisms of the PullPayment protocol as the internal currency of the system. Tokens are also planned to be used on other online trading platforms. Сrowdsale starts on 26th April on their Website and will last for one week. So, before you deside to invest ,please, read Whitepaper and ask questions in the Telegram.
Also, check social networks:
Facebook
Twitter
Blog
Bitcointalk
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Very interesting review! Definitely need to invest in their project!
thank you for reading , hurry up if you want to invest.
Such micro payments will be very useful, plus safe thanks to blockchain technology!