IronX Crypto Trading Exchange Broker Platform Adds PumaPay (PMA Token) Listing

PumaPay Token Listed on IronX Trading Platform

Innovative pull payment cryptocurrency platform PumaPay’s PMA token is listed on IronX, a Cyprus based trading platform. The trading platform is simultaneously listing the token on its crypto exchange too. Both exchange and trading platforms go by the same name.

Pull, Not Push

The way cryptocurrency security is designed, it is not possible to create a system of pull payments, where a party can automatically charge a client or a buyer, as in automatic subscription renewal. Normally, only the fund sender can initiate a crypto transaction.

PumaPay, with its innovative pull payment systems, allows a trusted party to pull crypto payments, allowing for automatic transfer of crypto funds in order to smoothen out transaction. Last August, PumaPay made a deal with an online adult video platform, where users can let the entertainment organization renew subscription of users who will be using the cryptocurrency.

“PumaPay is looking into developing unique solutions for currency exchanges,” Yoav Dror, the CEO of Pumapay said, “And we are excited to be sharing these ideas with the forex industry.”

The pull payment platform had raised quite a stir in the crypto market, raising USD 117 million in its private token sales in May this year. Currently, the PMA token has a marketcap of about USD 21.6 million.

Dual Listing

The PumaPay token, PMA, has been listed on IronX’s both trading platform and crypto exchange. IronX trading platform operates in several countries, allowing trading of cryptocurrencies on its fiat based platform.

The IronX exchange is a new crypto exchange opened by the trading company. The exchange has recently completed private sales of its IRX token worth USD 22.3 million. With public sale to start in November, the exchange hopes to hit USD 50 million.

The exchange is expected to launch in December and is in development in collaboration with Emurgo HK Group. The Hong Kong based company is also the backer of Cardano and its ADA coin.

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Saad U
An engineer with a passion for innovative technology, blockchain has been a natural attraction. He has more than a decade of experience in handling HR, HSE and IT management systems for FMCG companies. Currently pursuing a Masters in Business Administration.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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