RE: The Wide-Sweeping Benefits of the Pull-Payment Protocol
@hatu Excited about pull payment and what PumaPay can do and its blockchain technology. Definitely, VISA, AMEX have too much of power, and we are helpless. We can't do anything about it, and we are helpless to use it.
It is too early to say Pumapay can be used to daily usage. First, the altcoins shouldn't be bound with bitcoin. It is dominates the market, and when it goes down, everything goes down. To get any altcoins, you need to get bitcoin/ETH first, which have very high transaction fee. Why would anyone use crypto and pay the transaction fee, when you can do that for free using the credit cards. There are coins like Smartcash, whose transaction fee is less than a cents. We need those kind of coin to develop and take the market. I wish PumaPay can do it, and can be used for daily usage. I am hopeful for market recovery, but it is getting worse day by day, and keeping me frustrated. I would love to know your opinion on market recovery.
Telegram: @sashank_king
PumaPay's goal is to eventually move on to its own 3rd gen. blockchain to sustain lots transactions at a low cost. The future you speak of where crypto can transact at low cost might not be too far away.
But you are right on the peg problem. I feel your pain with the btc/eth pegs; it has a negative effect on the entire market. Even if projects like PumaPay do good, they end up losing market cap if btc goes down. This is why I am desperately waiting for Binance to launch fiat pairs with every token. The move to Malta is soon and hopefully the fiat pairs roll in asap.