Today i want to talk about Pumapay ICO and give you some basic information about it:
A free blockchain pull payment protocol that makes crypto billing accessible to every business
About PumaPay
Free Pull Payment Protocol with open source software from PumaPay is a full-featured solution based on the blockchain that provides functional payment mechanisms that are much more reliable, efficient, flexible, economical and scalable than current sales (credit cards). Direct debit protocol was developed from the very beginning specifically to eliminate shortcomings, typical for payment methods currently used (credit cards, virtual currencies, for example Bitcoin). Protocol includes a set of tools designed to make it easier for companies and consumers to switch to it.
With PumaPay merchants can:
• Connect various billing systems to ensure that you can easily receive crypto currency directly, by replacing companies with credit cards and other payment operators.
• Offer customers a full-featured and flexible billing system that includes all common billing processes: regular payments, payment upon use, etc.
• Eliminate the risks of fraud and refund (and the penalties that accompany them).
• Save by eliminating prohibitive rates of intermediaries (from ~ 3% to ~ 15%)
Pull Contracts Use Cases
The flexible nature of the protocol makes it capable of addressing a wide range of options that merchants will be able to implement via either ready-made or tailor-made solutions.
The following is a partial list of use cases the Pull Payment Protocol will enable on the blockchain:
1. Regular payments with a fixed amount – with help of the direct debit protocol, you can create contracts for which a fixed amount is charged at a certain frequency: for example, a monthly subscription payment.
2. Transactions on the use – direct debit contracts can be used to charge customers for use, for example, for consultations with a per-minute payment.
3. Regular payment on time – using PumaPay protocol, you can set up regular payments with a certain frequency and variable amount. For example, to pay for utilities.
4. One Time/ Single – direct debit contracts can be used for one-time online and offline payments using the "purse" application.
5. Divided payment – flexible direct debit protocol can also be used to split a payment between several parties. For example, as part of an affiliate program.
6. Limited Payment – A direct debit contract can also be limited in accordance with user's preferences, for example, to limit the maximum amount of payment or to establish parent control of a child's expenditure.
Token Allocation
30% Public Contributors
30% The Company
17% Strategic partners and early adopters
13% Advisors, bounty, bonuses and fees
10% Founding Team
Team
• Yoav Dror (CEO)
Over 20 years of experience at executive level in various online companies. Strategic planner and executor in highly dynamic business environment. Highly analytical and advocate of data-oriented management. An entrepreneurial character with a proven record of accomplishment of setting up new business ventures.
• Giorgos Kourtellos (Chief Blockchain Architect)
Giorgos combines the technical mindset of his engineering background along with professional experience in IT industry to design and deliver complex solutions.
• Pantelis Foulis (CFO)
Every position he has undertaken these past 23 years has been with the same vigor to stop at nothing until the task at hand is completed. He has served in various roles in the profession and Industry with a proven record of accomplishment.
• Milenko Strika (Head of Product)
Entrepreneur, product manager/owner with high knowledge of mobile and web UI/UX, branding, marketing, market analysis and research. Worked on different innovative solutions for E-Commerce, Banking, Forex and Telecommunication that helped shape and drive products with creative ideas.
Website: https://pumapay.io/
ANN: https://bitcointalk.org/index.php?topic=2658299.0
Whitepaper: https://pumapay.io/docs/pumapay_whitepaper.pdf
Telegram: https://t.me/PumaPay