The International Monetary Fund (IMF) shifted its focus to the existence of cryptocurrency or digital currencies that later became popular worldwide. IMF's Tobias Adrian, IMF's Counselor and Director for the Monetary and Capital Markets Department, said cryptocurrency is a necessity that now exists and begins to color the financial system worldwide. Regardless of its popularity, cryptocurrency is not free from problems, most of which are technical. The higher the public interest the more active the problem and the choice of solutions they discussed.
The first problem encountered with any cryptocurrency at some stage of its life path is scaling. The number of transactions increased and unstable. As a result, money from the owner's wallet can "hang" in space for several days, and major transactions are forced to stand in line to anticipate being resolved. Another problem with cryptocurrency is not the obvious technical trait, but it is indirectly connected to it. at this time, the legal status of cryptocurrency is still very blurred. To anticipate the problems Cryptocurrency is facing now Pumapay is launched as a solution to the problems facing Crypto.
PumaPay offers a billing mechanism for E-commerce, online services and traditional merchants that will provide a commodity outlet for the boiling Crypto market that allows vendors to harness the potential of cryptocurrency into their daily mechanism.If we look at the weaknesses Cryptocurrency feeding Pumapay has several protocols covering security extensions and several mechanisms to increase trust between merchants and customers, among others:
1. Pumapay provides a money back guarantee
allows customers to cancel a purchase within a predetermined number of days after the transaction, and receives a partial or complete refund - subject to business permission
2. Limited Payment
allows wallet owners to monitor and control wallet activity or connected wallet activity.
PumaPay Mission
As a high volume transaction expert, we recognize the fact that credit cards, billing, and online payments, are never fully tailored to the world of digital commerce. We have experienced firsthand the problems faced by day-to-day traders thanks to an outdated transaction processing system.
We do not need to see much of the potential blockchain to solve this problem. Our mission is to modernize the payment processing system and lay the foundation for a crypto-flowing economy built on PumaPay Pull Payment Protocol. This Protocol is designed to:
- Standardize and enable a comprehensive payment method above the blockchain.
- Decentralize the collection industry and save large business costs for various mediators/
- Increase the use of crypto in online and offline markets at the commercial level.
- Enable powerful launch partners to disrupt their market by creating a decentralized version of their platform.
How PumaPay Works
PumaPay is built on the backbone of the Ethereum network and uses the latest ERC233 token. It is important to note because, among other things, ERC233 eliminates the risk of lost tokens due to a contract implementation error. The response to this Stack Exchange thread covers the differences well.
PumaPay Protocol
PumaPay enhances and facilitates the use of crypto throughout the ecosystem by offering a comprehensive billing solution:
- Flexibility tailored to the Future and Current Billing Requirements PumaPay is intended as a flexible and customizable payment protocol to meet specific needs. The possibilities are endless for what can be done with PumaPay.
- Comprehensive Popular Billing Terms PumaPay offers powerful and powerful billing mechanisms, which are much more credible, efficient, flexible, cost-effective, and scalable than current billing methods.
- Accessibility Tool for PumaPay Adoption Protocol enables businesses and individuals to benefit from blockchain technology in an easy and frictionless way by offering advanced onboard tools.
- The PumaPay Security, Trust & Anonymity Mechanism aims to address the trust issues between business and customers, optimize security and protect privacy and anonymous users.
The PumaPay protocol also supports various payment options based on business or customer needs. Given below are a few supported payment options.
- Single / One-time Payment.
- Shared payments.
- Fixed amount of Repeat payment.
- Pay-per-use payments.
- Shared payments.
- Payment is limited.
- Money back guarantee
Road Map
Q1 2018
PumaPay ICO
PMA Token V1.0
Integration V1.0 with ImLive.com
Beginning of Q3 2018
Testing next gen. blockchain
Integration V1.0 with ChatMaker
Beginning of Q4 2018
PMA Token V2.0
Android Wallet V2.0
SDK I (NodeJS) V2.0
Integration V2.0 with ImLive.com
Integration V2.0 with Early Adopters
Reward Engine
Beginning of Q1 2019
Chrome Wallet V2.0
iOS Wallet V2.0
Integration V2.0 with ChatMaker
SDK II (Java, Python, ...) V2.0
Allocation of Token
- 20% - for Public Contributions (Pro-rata)
- 20% - For strategic partners and early users
- 35% - for the company
- 15% - advisors, bounty, bonuses and fees
- 10% - for the founding team
PumaPay Team
(I am not part of their team, I just share information about this project. If you are interested can refer to the link below)
For More Information You Can Visit The Link Below:
Website: http://pumapay.io/
White Paper: https://pumapay.io/docs/pumapay_whitepaper.pdf
Telegram: https://t.me/PumaPay
Twitter: https://twitter.com/PumaPay
Facebook: https://www.facebook.com/PumaPay/
Reddit: https://www.reddit.com/r/PumaPay/
ANN Thread: https://bitcointalk.org/index.php?topic=2658299.0
Author: Kolya Albina
Profile Link Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1880310
ETH Address : 0x4506B1E0413E516Fb9A0F5082d513C4F0c75323f