We have now entered the golden era of currency. Thanks to the birth of Bitcoin in 2007, we have seen an explosion of new digital currencies over the last few years. As well as explosive volume, we have seen a meteoric rise in the value of Cryptocurrencies. The overall market cap, exactly one year to the day was $72,001,626,121 USD. It now stands at $375,590,681,841 USD, an increase of 521.6%. It’s an astronomical yearly increase and Cryptocurrency is still very much in its infancy. It’s a mouthwatering prospect for many who have invested and for those who are planning to invest, it’s not too late. As Cryptocurrency gets introduced to the masses and becomes a must-have commodity, very much like the internet has become, the prices will continue to soar.
An investor can look at the market and decide on which Cryptocurrencies will continue to grow. The savvy investor though will look for assets which will complement and nurture that growth.
PumaPay is on a mission to modernize the current etiquette for the way we pay for goods and services. A unique twist on current processes, which may very well provide the golden hook for established real-world businesses to take their first steps into the magical world of blockchain technology.
Whilst the number one priority for most payment solutions currently on the market is to create a working payment card solution, Pumapay is pushing to evolve from the era of credit/debit cards altogether and transcend into a new era of payment strategy. The Pumapay pull payment protocol is essentially a new payment gateway which facilitates a cryptocurrency payment mechanism for both online or offline purchases. Providing radical new insights into the way we will transact value in the future.
The Pumapay pull protocol
On the Pumapay platform, any business can access a Pumapay SDK (software development kit) to create payment options, which can be completely customizable to coincide with the nature of the business. The pull protocol is a means to process a pending payment by activating a pull request from the merchant to the customer. In a real-life situation, the merchant would print a bill of sale containing a Pumapay QR code and present it to the customer. The consumer can then simply scan the QR code with the Pumapay mobile application and pay with PMA tokens located in their wallet. Once the request has been accepted by the consumer, the required funds are physically pulled from the consumer account and transferred to the merchant.
Pumapay is now in mid-construction of their mobile and desktop based applications, which will be similar to how Metamask currently operates. Consumers making purchases online will be able to select the Pumapay option as a method of payment. When the payment is processed, the Pumapay API will send a pull contract directly from the merchant and will interact with the desktop-based application on the user’s computer. They can then complete the transaction and have the required funds pulled from their Pumapay wallet.
The driving ethos is to offer flexible and customizable payment strategies for businesses who utilize the Pumapay protocol. Reoccurring payments can come with a whole host of variables which are currently structured rigidly through many intermediaries. With this system in place, users on the platform can create a billing structure to suit the needs of their business and have their funds delivered almost immediately and at low cost. All companies now have a new arsenal at their disposal. They can now create unique payment strategies based on their own variables and have tailor-made subscriptions based on the individual, not the general masses. The key to successful business is through building strong relationships with consumers. By allowing them to create their own payment plan which suits their needs, is an ingenious way to make their advocates feel special.
The road ahead
The ecosystem already has at least 12 selected launch partners, who are early pioneers in the road to success for Pumapay. By adopting their pull payment protocol, they will have the Pumapay token as a method of payment for every transaction taking place on their platform.
The Pumapay token sale has been successfully completed and was a resounding success. They raised an impressive $117,019,041 USD and are distributing 78,042,956,829 PMA tokens to their investors. Pumapay is currently in negotiations with exchanges and is preparing for an official announcement soon.
Pumapay have recently launched their official mobile application, which is available now for both Android and IOS.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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