What Is PumaPay?
The comprehensive pull payment protocol. It’s a free payment pull system on blockchain technology that uses cryptocurrency for billing that is accessible to every establishment and business who needs help. There is a white paper listing on the platform that will give you all the detailed information you need to understand the platform and what it is designed for.
How Does PumaPay Work?
Puma Pay is an open sourced payment system that operates on a complex blockchain technology solution. And it offers a bold system of mechanisms operate in a more credible way. They are efficient, flexible and cost-effective, as well as being scalable – more so than standard payment processes like credit card companies.
Not like payment methods that are used today, like cryptocurrency, PayPal and standard credit cards – the Pull Payment Method has been designed to be a system that will operate from the ground up to eliminate the hurdles which exist as well as offer them different sets of tools which have been created, so as to organize the starting process that businesses and people need to go through.
And with PumaPay merchants are able to:
Plug-In various applications that can be used for the purpose of billing that enables them to be able to accept cryptocurrencies directly and thereby replace the credit card companies and payment centers that process them.
Give customers the ability to create their own personalized and highly-flexible billing solution. This would in turn address the common billing issues that pop up, like issues with pay per use items and recurring payments.
You can eliminate the risks of fraudulent chargebacks that are often associated with risks and fines. And this in turn will be able to help users drop the processing fees that happen when dealing with middlemen. Sometimes these fees range from 3% – 15% which is a considerable amount of money.
The company is exceptional at handling high volumes of transactions. And because of their experience, they fully understand that credit cards, which have become the standard method for online billing and payments, haven’t really been changed at all for the new way of digital trading. And they’ve experienced in real-time, a lot of the issues that merchants all over the world face on a regular basis because of systems which have become outdated and can’t really function properly when making transactions any more. The company noticed the issues fast and soon after realized that blockchain technology could easily be used to remedy many of the problems. And the mission of the platform has been to create systems with solid foundations, developed to operate in a thriving cryptocurrency world of financial gain and at the same time volatility. And all of this is to be done no the PumaPay Pull Payment Protocol which is essentially designed to:
Decentralize the layer of code which a bill is compiled on, thereby saving a lot of money for merchants operating in the space.
The company creates a standardized payment method that runs over the blockchain. This in turn is designed to increase the amount of cryptocurrency that is used online and offline. And not only that, but function to optimize everything as a standard method for making payments. And the hope is that this will all enable a launch of powerful partners to change the game by creating new decentralized versions of their platform or business model.
What Is The ICO On PumaPay (PMA Token)?
There is also an ICO that is set to start on April 26th, 2018. The special pre-sale rate is 55,000 PMA/ETH and is set to start in a little less than two weeks. And the ICO rates starts at 50,000 PMA/ETH and it gradually drops down to 25,000 PMA/ETH after that.
And you can also join the presale of the platform on the company website. ICO Market gave the platform an 8.1 out of 10 ICO Marks. And the rating for the platform on ICO Bench is a solid 4.1/5, both of which are excellent ratings.
Who Is Behind PumaPay?
There are about 18 people on the team at PumaPay. This is one of the largest teams ever composed on a blockchain payment processing platform. The best part is that each team member has real social media accounts like LinkedIn and Twitter for the purpose of verification. And not only that, but they are each top-level specialist in their respected field.
PumaPay (PMA Token) In Conclusion
The platform is making massive changes in the industry. They’re far more organized and credited then most of the other startups and ICOs in the blockchain space. This is a great platform for anyone who is looking to invest into a company that will bring some major changes to nearly every industry in the world that uses some type of payment system.