PumaPay is a pull payment protocol on free blockchain. It allows any business to offer crypto billing. The possibilities are endless, when a digital business integrates PumaPay. Its robust payments mechanisms are credible, flexible and scalable. On top of it, it is the most economical. It offers the set of tools to onboard businesses and people in the platform. It has been designed from the scratch. Blockchain is a new technology and PumaPay is going to be very unique. This could be the frontrunner in helping blockchain adaption for businesses and individuals. Let’s look into the finer details of the concept and its ICO in this post.

Blockchain technology has started a silent revolution in many fields like health, travel, insurance, automobile, etc. Whenever a new technology is introduced, or the existing one is modified, payment methods will also get upgraded. For example, after the internet was invented, the concept of Net banking was introduced. Mobile banking apps were developed when 2G internet was introduced. Now, as blockchain is reinventing the existing technologies, it is changing the way how you are making the payments. Using blockchain technology, it is possible to change any system from the existing centralized way to a decentralized system which will enable the P2P communication eliminating the need for middlemen or intermediary. So, the cost involved in the transaction will be greatly reduced.

How can the blockchain technology revolutionize the payments system? The company Decentralized vision is developing a blockchain based technology named PumaPay which aims to provide a flexible blockchain based billing solution for any type of business. What are the main features of PumaPay? Check out the points below.


*Open source – PumaPay is being developed as a free open source protocol which will help the businesses and third party providers to integrate their existing systems or develop new payment solutions based on the PumaPay protocol.

*Reduces risks – As cryptocurrency transactions do not need any kind of personal information like credit card information, bank account or date of birth, the transactions are completely secure and eliminates the risk of fraudulent activity.

*Reduces transaction fees – PumaPay aims to provide P2P (Peer-to-Peer) transactions between the merchant and the buyer. So there will not be any middleman involved in the transaction which will reduce the high transaction fee associated with the credit card payments. Also, the transaction will be processed quickly so that the merchants will receive the funds within a day or two.

*Multiple payment options – A consumer will need to make payments for various purposes in a day and the frequency of payments will also vary. For example, you will be paying a fixed amount for your monthly subscription to Internet whereas your monthly energy bills will vary based on the usage. Sometimes you need to make payment for only once. So, PumaPay provides the various payment options which are given below:

*Fixed amount Recurring payments
*Fixed time Recurring payments
*Pay-Per-use
*Single/Onetime payment
*Money back guarantee


What merchants can do with PumaPay?

* Merchants can tap into myriad billing solutions in order to facilitate acceptance of cryptocurrencies directly. It replaces a junk of a layer of banking.

* PumaPay effectively eliminates all sorts of fraud and unfair chargeback risks. Pay no more unfair fines.

* Merchants will be empowered to provide flexible billing solutions to address conventional billing practices. Recurring payments, pay per use, etc… can be enabled.

* PumaPay helps save too much transaction fees. No need to pay middleman charges of 3–15% anymore.

Mission of the project:

*PumaPay wants to fill in the gaps between online billing and blockchain payment solutions. It aims to accomplish that by

*Standardizing and enabling some of the comprehensive payment options on the blockchain.

*Decentralizing tons of billing layers and thereby save on intermediary costs the merchant would pay otherwise.

*Enhancing the use of blockchain solutions offline and online as well as facilitating it as accepted standard in billing.

*Enabling its partners to transform respective industries via creating decentralized version of existing platforms.




Further information:

Website: http://pumapay.io/
Twitter: https://twitter.com/PumaPay
Facebook: https://www.facebook.com/PumaPay/
Telegram: https://t.me/PumaPay
Reddit: https://www.reddit.com/r/PumaPay/
Bounty Thread: https://bitcointalk.org/index.php?topic=2658558.0
Announcement Thread: https://bitcointalk.org/index.php?topic=2658299.0

Author (iyanfoursix46): https://bitcointalk.org/index.php?action=profile;u=1061980

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