PumaPay

April 08, 2018

PumaPay

PumaPay is an open source Pull Payment Protocol platform, and it is a complete solution that provides reliable, efficient, flexible, economical and scalable payment mechanisms, much better than current versions (credit cards). Unlike modern payment methods, including credit cards and virtual money such as Bitcoin, the Pull payment protocol was designed from the outset to overcome existing obstacles and offers a set of tools for it that are designed to facilitate business and for people in general.

Here is a list of things you can do with PumaPay:

Connect various billing solutions to simplify the reception of crypto currency directly, and not through excessive levels of banking and intermediaries;
Offer customers a comprehensive and flexible billing solution, referring to all the usual rules for billing, including periodic payments, payment for use, single payments, etc .;
Exclude refunds and excessive transactions of intermediaries in the amount of 3% to 15%;
Increase trust between the client and the business through special protection and confidentiality;
Transparency, honesty and guarantees;

PumaPay is built on the basis of the Ethereum network and uses the latest standard of the ERC233 token. This is important to note, because, among other things, ERC233 eliminates the risk of losing tokens due to improper execution of the contract.

The PumaPay protocol will be open to the community for development. Although the protocol comes with built-in modules to facilitate the basic types of payments described here, it is designed to stimulate community development. It is aimed at becoming a standard platform that can be used to develop its payment solution for arbitrary packages in business and not only.

The PMA token will exchange currency between PumaPay users' wallets. Although initially users will exchange ETH for PMA tokens, the current value will be based on the common PMA market, and this will be an offline crypto currency in the system.