Cryptocurrencies no Longer Useless! (in Daily Life)
The benefits of cryptocurrencies are well-established and are unarguable; a testament to this is the massive community that has rallied behind cryptocurrencies. The value of this new form of currency has been established but the purpose cryptocurrencies are meant for, transacting, has failed to be realized. The very thing that makes cryptocurrencies so popular right now could be the cause of its demise--speculative trading.
Cryptocurrencies have failed to become usable in daily needs and that has been the cause of why the vast portion of coin flow is simply for trading. Speculative trading is popular in crypto because of the volatility that is innate to this market. But such a volatile market cannot go unregulated for too long and that would mean the curreny main purpose of crypto, to make speculative investments, could be at risk.
The amount of popularity this market has drawn at present is an opportunity to make cryptocurrencies useful in daily life. After a long wait, a new blockchain project, PumaPay, has surfaced with a technology that could finally catapult cryptocurrencies to a proper means of value transfer.
The Market is Ready
PumaPay has successfully concluded its ICO and raised a record $117M. It's good to see that the market has showered such an overwhelming support for this project, and here's why.
PumaPay has the ability to take cryptocurrencies to usage in daily life. Yet that's not its goal rather a side effect. PumaPay is a pull-payment protocol with a token as its native currency. Pull-payments are initiated by the payment recipient and deducted from your wallet. This allows PumaPay to develop an extremely versatile payment network despite using a cryptocurrency. PumaPay can support everything from one-time payments to recurring subscriptions, meaning this payment network can serve the needs of any merchant.
The deciding factor behind its success is that it creates the most direct payment means possible as much of the middle layers involved in payment card networks are waived. Additionally, PumaPay's reliance on pull-payment makes it a superior option for merchants as it removes their exposure to chargeback fraud and expenses.
PumaPay itself is a payment protocol, one that is highly desirable by merchants due to its low-expense transaction fulfillment, removal of the many middle layers involved in card networks, and removal of chargebacks costs. This the key, the product is desirable due to its menu of benefits. Cryptocurrencies play into the equation because tokens are the native currency of this payment protocol. Merchants adopt the protocol to yield the benefits in their transactional flow and they end up adopting a cryptocurrency as that's what the protocol utilizes.
Essential PumaPay Links
🌐 Website: https://pumapay.io/
💡 Whitepaper: https://pumapay.io/docs/pumapay_whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2658299.0
💻 Telegram: https://t.me/PumaPay
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Thanks for sharing that informative post 👍
You're welcome Aditya :)
I see you post after a long time. Your shared ling is trully essential. All these will play an important roles cryptocurrency.
Thank you!
And yes, I try to write on projects with particularly ambitious goals. PumaPay, for example, aims to dethrone Visa and Mastercard.
Hallelujah!
Haha that's the spirit!
It's always good to read articles like this about crypto esp. with how things are going these days.
You're welcome to follow; I write about crypto regularly :)
It's looks like a utility token
Yes, it certainly is!
we aim to please!
ICO is coming said CBOE President and shake up the market. I share this news on my wall, if you are interested then check out the news. Thanks for your more information.
The vast portion of ICOs restricted sales to US citizens anyways; I don't think much of an impact should be expected. Also, as I said in the post, PumaPay has successfully concluded its ICO.
I hope so dear brother
The problem will be for security tokens.
I'm actually always waiting for you to come out with something because you write very interesting articles and it is always from an educational point of view. Thank you for informing us all. I believe things will come about as you say in your article.
I am confident the day crypto becomes usable in day to day spending isn't too far.
And thank you for the support; I really appreciate it :)
@hatu that's cool. Trying to make credit cards use cryptocurrency for both online and offline transactions as well is a great improvement to our daily life.
A number of companies have tried to make crypto compliant with cards. That still retains the middlemen invovled in card networks.
PumaPay is its own payment protocol. PumaPay is aiming to remove the need of cards and make payments possible without reliance on any of the processors and banks involved in the current payment system.
So that will reduce the use of visa and mastercard....it gonna be a huge thing to do
PumaPay intends to use blockchain to make a ditect payment flow from user's funds to merchants.
Card networks include several banks and processors in every payment. Lots of friction to be removed so there's lots of room for improvement.
However, to be honest, I don't think those titans are going down. PumaPay has a great concept and I see it as becoming an alternate payment method instead of the only payment method. Think of it as your options going from cash or card to cash, card, or PumaPay, especially if you want to use crypto for payments.
yea, that's right....thanks once again @hatu
You're welcome!
Thanks for sharing important cryptocurency news with us @hatu
Happy to keep everyone updated :)
Thanks @hatu and also looking forward to your next telegram contest
The previous one is still active :)
https://steemit.com/contest/@hatu/giveaway-350-sbd-guaranteed-awards-easy-money
Thanks i m already in! @hatu
Digital currencies have great future ahead, it is will certainly rule the financial system of future payments
Decentralized currencies are definitely great. But it's going to be a journey to the day they become the standard.
The change will not come in one day, it is an evolutionary process.
Good
Thank you :)