One of the biggest problems businesses face today is centralization but thanks to the blockchain this trend is about to be broken. One of the features that make the blockchain very functional is the ability to be transparent which means better accountability for a business, allows the building of a decentralized platform, has better security i.e this technology makes it nearly impossible for some one to manipulate the data once its recorded on the public ledger known as the blockchain.
With all these benefits of the blockchain, one fintech startup going by the name of PumaPay is on the verge of decentralizing payments processing as digital currencies continue growing in demand and what better time than now.
As you know by now current payment systems are centralized by banks and credit card companies which invites high transaction fees and in due course burdens the merchants and customers, its for this reason we have seen cryptocurrencies rise on demand as they are developed to reduce transaction fees, remove middlemen and give better control of our financial assets but one problem has emerged from crypto usage which is first generation cryptos were not designed for everyday use which is evident in some of their flaws such as they take time to process, lack flexibility and processing fees are quite high! The answer to this is PumaPay!
PumaPay combines the best of both worlds that is the crypto and traditional payment systems taking the payment processing to a whole new level. The project will incorporate cryptocurrencies into day to day activities like buying coffee, paying gym subscription, or any other monthly bills which will make PumaPay a primary means of payment.
With PumaPay users will be able to use reliable features such as :
•Single payment
•Fixed time Recurring payments
•Pay-Per-use
•Shared payments
•Fixed amount Recurring payments
•Restricted payments
In addition to these my favourite is the Pull Payment Protocol which is a feature I believe will make people love cryptocurrencies especially the business world. The Pull Payment Protocol is close to an invoice system which works in a simple way, instead of a customer pushing to pay the merchant, the merchant instead can issue a pull request which if authorized by the client allows the funds for the transaction to be pulled from their wallet and transferred to the merchant account in a matter of seconds.
This reverse mechanism allows the merchant to implement any payment methodology he/she wishes over the blockchain making Pumapay a full payment protocol and a perfect tool which facilitates flexibility and enables numerous kinds of transactions to be made.
To learn more about PumaPay visit https://pumapay.io and join the chat on Telegram to learn more about the project. Remember to take time to read the WhitePaper and visit other channels available, for anything else in connection with the project visit the links below.
► Website : https://pumapay.io
► Whitepaper : https://pumapay.io/docs/pumapay_whitepaper.pdf
►Youtube :https://www.youtube.com/channel/UCQfkUjVW44HyDUMA91RyWdA
► Facebook : https://www.facebook.com/PumaPay/
► Twitter : https://twitter.com/PumaPay
► Telegram : https://t.me/PumaPay
► Bitcointalk Bounty Ann: https://bitcointalk.org/index.php?topic=2658558.0
► Bitcointalk Announcement : https://bitcointalk.org/index.php?topic=2658299.0
Author: crypto1010
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=923186
Thank you for reading — if you liked what you read, feel free to share, like and comment. Also feel free to suggest any improvements and corrections to the article in the comments below! For more updates from the whats happening around the world of crypto bookmark this address or follow us on Twitter.
For any token of appreciation feel free to send your extra “thank you’s” below.My donation addresses:
ETH: 0x2c34415812Cc1bD5eFEa464a04Ba839010eA8e96
BTC: 1taLku5esPk7PHyFeKSJQkQ94vJpZ84v3
Disclaimer: This article is for educational purposes only and does not provide any form of financial or investment advice. The reader is aware that there are always risks involved in dealing with any blockchain and cryptocurrency assets, my advice do your due diligence before investing in these crypto projects.