PumaPay — Blockchain Based Billing Protocol
What is PumaPay?
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.
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
v Standardizing and enabling some of the comprehensive payment options on the blockchain.
v Decentralizing tons of billing layers and thereby save on intermediary costs the merchant would pay otherwise.
v Enhancing the use of blockchain solutions offline and online as well as facilitating it as accepted standard in billing.
v Enabling its partners to transform respective industries via creating decentralized version of existing platforms.
Some use cases:
#1 Recurring payments: John wants to subscribe to automobile related magazine on monthly basis. If the merchant uses PumaPay, John can check out by scanning the QR code provided. Once the generated YAML file is accepted, the pull contract is committed to blockchain, which will make pull requests from John’s account on a monthly basis.
#2 Shared Payments: Barbara has a successfully running ecommerce store. She wants to scale it via affiliate marketing. She doesn’t have the tools or expertise to build an affiliate network. With PumaPay, she can create Pull contract to get customers chained into split payment contract. The contact will automatically split revenues on every sale from the affiliate.
ICO Details:
The global ICO of PumaPay is coming soon. You can register for their presale and ICO from their website. The presale and ICO is expected to begin by 1st quarter of 2018. 30% of the total tokens are reserved for public contributors. The company gets more or less 20% of the tokens. Strategic partners and early adopters are given another 19%. Bounty campaigns and bonuses get 2–3% of tokens each. The exact date for presale or ICO hasn’t be announced yet. Even their whitepaper is yet to be published. The presale prompt window doesn’t demand too much information for now.
Important Links:
Please find the important links related to the project below and stay updated:
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
Kind Regards!