At PumaPay, we have recently hit some major milestones in our project and, as a result, the onboarding of our Early Adopters has commenced. This is such an important achievement for us, and means that we are getting closer to our ultimate goal, making cryptopayments an everyday reality. We would like to share with you the updated planned roadmap as it currently stands, and our development plan for the next 12 months.
The anticipated roadmap below represents the best approximation of our efforts and is subject to further changes and updates based on the progress of the project, and technological and market developments. As we listen to the feedback of the community and businesses onboarding, we may adjust the deliverables and the schedule. Let’s take a closer look at what we have achieved:
What We Have Achieved
Last year, we released recurring payments on the Ethereum blockchain. Currently, we offer our mobile wallet app, both for Android and iOS. It supports BTC, ETH, PMA and all ERC20 tokens. In the coming months, we plan to add support for more popular cryptocurrencies (i.e. ADA, XRP, LTC, BCH etc.).
The PumaPay cryptocurrency wallet enables crypto-based subscription plans, where users can manage all aspects of their subscriptions within the wallet without the need to contact banks or merchants. By integrating with Changelly, the PumaPay wallet provides users seamless access to third-party crypto conversion.
In Q1 of 2019, we released the Business Console MVP and the PumaPay Pride Prototype.
The Business Console MVP is the cornerstone for integrating businesses to the protocol. With an intuitive user-friendly interface, the business console is a one-stop-shop for merchants to register, set up their billing models and start accepting PMA. The Billing Model Wizard facilitates the smooth and intuitive creation of billing models. We are opening the business console for registration for new businesses in the second half of May.
We have also released the Chrome Plugin MVP. The PumaPay Chrome Plugin MVP is an extension of a user’s Chrome browser that can be used to access and manage their PumaPay Wallet. Its purpose is to offer another convenient means of access to the wallet. It is based on MetaMask Chrome Extension technology (see attributions at https://metamask.io) which we have further developed to add functionality and capabilities, making it compatible with the PumaPay system. The next iteration of the Chrome Extension will include full support for our PullPayment advanced billing models.
What Is Coming in the Next 12 Months?
The coming year is packed with many anticipated exciting new releases!
The PumaPay wallet native apps for iOS and Android will be released in the coming days. This will bring significant improvement in performance and user experience. Our native apps can be downloaded from the App Store or Google Play. We also plan to introduce you to the first businesses who have integrated with PumaPay very soon.
In Q2, we aim to introduce our settlement layer. This 3rd party extension service will be integrated with the PumaPay Protocol to allow businesses to accept cryptopayments from customers, while receiving settlement in fiat directly to their bank account. It is envisioned, that the settlement layer will work in such a way that businesses will have zero exposure to crypto volatility while enjoying 100% liquidity.
We are in the process of completing our Payment Card Industry Data Security Standard (PCI) compliance, which will confirm that our company follows and complies with global data security standards. Being PCI compliant, will allow PumaPay’s APIs to be integrated with regulated PSP organizations. We expect to be fully PCI compliant by the end of Q2. We will deliver our PSP Solution stage I this quarter, which will enable PSP merchants to accept crypto, with stage II to be launched in Q3.
The development of our payment system and enhanced API is an on-going process and will continue throughout 2019. This is planned to include additional billing models, adding support for new coins and multiple integrations with Early Adopters.
Later this year, we intend to fully launch PumaPay Pride and integrate it with the mobile wallet app, so that customers can find businesses that accept PMA. There is currently in the region of $245b worth of cryptocurrency worldwide. Through PumaPay Pride, we have created a channel to help businesses tap into a potentially lucrative cryptocurrency market.
By the end of this year, we expect to enable our multi-coin cryptopayment option. This will enable customers to connect to the advanced billing models via currencies not previously supported and allow for other coin conversions as an alternative to PMA. For example, Bitcoin, Cardano and Ripple, to name a few.
For 2020, we plan to start the year with the introduction of our Processing Nodes, more billing models and even more integrations.
At PumaPay, we are driven by our passion to create crypto usability for businesses and individuals alike. We are constantly working on new ideas and additions to the protocol which are not included in our ‘official’ roadmap. We will endeavour to release some of these additions and enhancements during the next 12 months.
We pride ourselves on developing solid solutions that conform to ISO standards and best practice. This can at times affect our release schedule. Our software development lifecycle, in some cases, requires extensive external audits of our code. To ensure delivery of secure and stable solutions, we also include invulnerability and software testing.
At PumaPay, we are committed to delivering a payment system which aims to solve real everyday problems. Stay tuned for the exciting developments of 2019 and beyond!
