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.
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.