Crypto Must Pull in the Average Person
Cryptocurrencies have faced some heat on the factor that it's extremely difficult to expense them for daily life needs.
There is a good bit of truth to this criticism, but the fact remains that the blockchain is still a very new technology. Rapid advancements are being made to make this technology more scalable and usable.
The average person, nonetheless, seeks something with immediate utility, and this is essential to drive a sustained, long-term growth in the crypto markets. In 2017, the crypto market hit a surge period as early adopters have poured into this market. However, the mass market is largely comprised of average people and it’s becoming apparent that honing their interest should be of paramount importance. The crypto market needs fresh adoption on a large-scale level to reach its full potential.
Recently, the steam driving up the crypto market cap has cooled down. Near the end of 2017, Coinbase had reported that it added 100,000 in a single day. Now, Coinbase’s growth has largely slowed down and the crypto market is heavily short of its peak, which was north of $800 billion.
It’s important for this market to bring forth new exciting steps, and the most powerful move could be to bring cryptocurrencies in daily use.
A number of products have been launched to bring cryptocurrencies to easy utilization for everyday expenses. A new product, however, may completely change this industry. PumaPay is developing its own payment protocol that will utilize pull payments and will allow merchants to accept crypto payments.
Market Impact
A product like PumaPay can have a wide swept impact on the entire crypto market. The product intends to incorporate various payment formats, thereby cooperating with the needs of any merchant. Additionally, the product strategy is designed to successfully appeal to merchants.
The key point of this article is that PumaPay's success could facilitate the mediation of crypto community's major challenge: utility in everyday life. As a result, cryptocurrencies could potentially enter a new era where they could be utilizable for even most mundane bill.
Consequently, the reasoning for which many people are holding back from adopting crypto would be nullified. PumaPay could wipe out the major criticism faced by cryptocurrencies and could usher a new wave of adoption that could spring a new stage of market growth. A payment network such as this can allow crypto to compete with fiat currencies; PumaPay intends to develop its own third generation blockchain capable of supporting large numbers of transactions per second at a low cost.
While PumaPay will support its native PMA tokens, it could serve as a gateway to the much larger menu of cryptocurrencies available to the mass market via exchanges. The success of this product could drive heavy interest in the potential of other crypto projects and the possibilities they could achieve. And as people’s concern of the establishment of crypto as a utilizable currency would be remedied, the fear of missing out would play out in its full power.
Essential PumaPay Links
🌐 Website: https://pumapay.io/
💡 Whitepaper: https://pumapay.io/docs/pumapay_whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2658299.0
💻 Telegram: https://t.me/PumaPay
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