The growth of the crypto market, a rise that cannot be questioned
Some may say that in the days we are living in, the cryptocurrency economy is booming. For example, the overall value of the global cryptocurrency market exceeded $700 billion on January 3rd, current year, according to Coinmarketcap.com. The same website shows that now, there are more than 1564 cryptocurrencies, available on 9417 markets.
The commercial use of virtual money, still a problem
However, most of the times, the digital money economy fails to provide a commercial use. Take just a few moments to visualize a world in which business transactions are free of commissions, where the level of trust between vendors and customers rises. Imagine a universe where merchants can easily obtain access to the massive amounts of digital money available at the global level. Here, everyone could capitalize and make the most of their cryptocurrency, in everyday use.
PumaPay Pull Payment Protocol - Reinventing everyday payments
The scenario we mentioned earlier may soon become a reality, through the recent development of the PumaPay Payment Protocol - the first extensive blockchain based billing protocol. This platform offers robust payment mechanisms far more credible, efficient, flexible, cost-effective, and scalable than current implementations (credit cards).
How does it work? This project utilizes Pull payments smart contracts - because of this, its billing protocol overcomes current limitations that are so often seen in Bitcoin, Litecoin, and other cryptocurrencies. PumaPag guarantees to make blockchain billing accessible for both online and offline markets.
Advantages for businesses, merchants, and consumers alike
PumaPay Pull contracts allow businesses the flexibility to choose any kind of billing mechanism, such as:
- Shared payments
- Restricted payments
- Pay per use
- Monthly subscriptions
- Scheduled payments
- Single payments
How can companies make the most of PumaPay
This protocol promises to deliver enormous advantages for companies (e-commerce vendors, online and offline merchants, service providers, etc.):
- Decentralizing credit card payment processing
- Removing risks related to frauds, associated fines, and chargebacks
- Reducing processing costs
- Cutting intermediaries transactions fees (that currently can range from 3 to as high as 15%)
- Direct peer to peer billing
- Saving billions of dollar per year
PumaPay channels crypto money to merchants and also enables individuals to use crypto-currencies in purchasing everyday products and services.
Customers are at the core of this innovative blockchain based protocol
Users will be able to pre-authorize, set withdrawal limits to selective business and not least, to approve electronic withdrawals from their crypto wallets, combining the best of traditional payment methods with the benefits of blockchain based solutions.
Find out all about PumaPay - the Pull Payment Protocol that promises to reinvent everyday payments by visiting the official website. Also, for further information in understanding its applications and the ecosystem it creates, be sure to check: ANN Thread, Bounty Thread and Telegram group.
All these features and benefits will be made possible through the development and the launch of the PumaPay token (soon to be available through a global ICO).