Connect with us

Blockchain

PumaPay is paving the way for mass crypto adoption

PumaPay CEO, Yoav Dror, said: “By providing innovative and much-needed developments ready to be utilized in the emerging crypto space, we bring the co PumaPay is one of the most innovative providers of a fully decentralized blockchain-based payment system. Since their establishment, the company has maintained that its vision is to be one of the frontrunners … Continue reading PumaPay is paving the way for mass crypto adoption

The post PumaPay is paving the way for mass crypto adoption appeared first on CoinSpectator Blog.

Avatar

Published

on


PumaPay is one of the most innovative providers of a fully decentralized blockchain-based payment system. Since their establishment, the company has maintained that its vision is to be one of the frontrunners in supporting mass crypto adoption. To date, PumaPay continues to refine their technology, adding new features that are slowly helping their vision come to fruition. The latest developments are no different.

With their new hybrid solution, PumaPay differentiates itself from other payment service providers. Combining crypto with traditional finance, their service now enables payments to be made and received in any currency, with the PMA token acting as a means of value transfer, by virtually anyone from merchants of all varieties to end-users. With measures in place to ensure zero exposure to volatility for all parties and easy onboarding and offboarding to crypto the PumaPay solution offers maximum utility to all.

PumaPay CEO, Yoav Dror, said: “By providing innovative and much-needed developments ready to be utilized in the emerging crypto space, we bring the community one step closer to mass crypto adoption. As of today, we have managed to close the loop and offer a fully comprehensive, blockchain-based payment solution that mitigates widespread concerns regarding accessibility, regulation, volatility and usability.”

With that in mind, let’s review some of PumaPay’s groundbreaking contributions:

· The heart of their PullPayment Protocol; a variety of customizable billing models, such as their innovative Recurring and Auto-Up Schemes. Utilizing smart contract architecture, these billing models were designed to offer maximum utility to businesses in their daily transactions.

· A fully decentralized, native app: the PumaPay Cryptocurrency mobile wallet. Available for Android and iOS devices, the app enables the sending, receiving, and storing of main cryptocurrencies, such as: Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), as well as all other ERC-20 tokens.

· Streamlined, in-app cryptocurrency exchange services that allow for easy conversion from other cryptocurrencies to PMA.

· Encouraged merchant-customer trust via easily accessible, in-app refund requests.

· Fully compliant user onboarding that adheres to the 5th Anti-Money Laundering Directive and the KYC verification process. PumaPay has also gone as far as to ensure that their solution is compliant with current AML laws but is also future proof for future developments in the field.

· A comprehensive payment gateway, the PumaPay Business console. This platform empowers merchants with the ability to accept crypto, set up customized billings models, as well as manage and optimize their payment flow.

· Zero exposure to crypto volatility and guaranteed full liquidity with the PumaPay Fiat Settlement Layer. With this service, the currency rate is “locked,” thereby eliminating volatility risks and enabling offboarding from crypto to fiat. Further, merchants also have a straightforward means to withdraw funds and directly transfer into their bank account.

· In-app banner placement that provides clear, uninterrupted communication channels between merchants and their respective customers.

· A comprehensive PSP API solution that supports seamless integration for PSPs and their merchants/businesses looking to accept crypto as a means of payment. These advanced tools also aid in easing the onboarding process for clients whilst also providing PSPs with access to all features of the PumaPay PullPayment Protocol.

· Full certification by the Payment Card Industry (PCI) and Data Security Standards (DSS). This has and continues to ensure that PumaPay adheres to the highest safety standards and application of anti-fraud prevention measures. In complying with global data security standards, they keep their users’ data safe and secure.

· Easy integration with a fully documented API.

· An open-source developer hub space completed with all necessary documentation, product library and guides available at Wiki PumaPay.

· Finally, PumaPay’s most recent development, the “Buy Crypto” service, enables PumaPay wallet users to purchase cryptocurrencies within the app with a credit/debit card. Combined with the ability to exchange crypto to PMA from within the wallet, and the Fiat Settlement Layer, PumaPay is ‘closing the loop’ and creating a complete payment system that is connected to the traditional financial system at its endpoints, allowing easy onboarding and offboarding. In the coming weeks, they will improve the process even further, allowing direct purchase of PMA tokens with credit card from within the wallet.

Going forward, PumaPay has already started to provide some insight into their blueprint for mass crypto adoption. A snapshot of some of the projects they are currently looking into includes:

· The introduction of their very own Side Chain which will provide users with an improved, more competitive service, by expediting transaction settlement times and lowering GAS fees.

· US token– a new project that will hopefully allow PumaPay to offer l tokens to US-based clients, whilst fully complying with US Government regulation.

· Decentralized Finance (DeFi) – a staking mechanism that will offer PMA token holders with the ability to earn money for their holdings.

In paving the way towards mass crypto adoption, PumaPay is maintaining their momentum by consistently providing their users with cost-effective, simple, and efficient means to manage and process their payments. From their billing models to the PumaPay crypto wallet, their services are designed for maximum utility by anyone; whether you be a user wanting to purchase services with crypto or a merchant looking to engage customers and maximize your revenue!

SOURCE: PRESSAT

Please follow and like us:

Related posts:

Source: https://blog.coinspectator.com/2020/08/13/pumapay-is-paving-the-way-for-mass-crypto-adoption/

Continue Reading

Blockchain

Avatar

Published

on

Source:

Continue Reading

Blockchain

Avatar

Published

on

Source:

Continue Reading

Blockchain

Avatar

Published

on

Source:

Continue Reading
Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Blockchain3 hours ago

Ethereum 2.0 Deposit Contract Is 75% Funded Ahead of Dec. 1 Soft Launch

Press Releases3 hours ago

The Province of Córdoba Extends Expiration of its Consent Solicitation

Press Releases3 hours ago

America’s Mayors Discuss Shared Priorities with President-Elect Biden, Vice President-Elect Harris

Press Releases3 hours ago

Con dobles circulaciones, Guangzhou toma la delantera en crecimiento de calidad

Press Releases3 hours ago

Equinox Gold Achieves Commercial Production at the Castle Mountain Gold Mine

Press Releases3 hours ago

Options Listed for MSOS, the First-Ever US Cannabis ETF

Blockchain3 hours ago

4 tips to avoid phishing attacks

Venture Capital3 hours ago

Australian FinTech company profile #110 – TrueLayer

Blockchain4 hours ago

OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts

Blockchain4 hours ago

Bitcoin will rise until ‘it’ll get almost impossible to buy’ it

Blockchain4 hours ago

Market Wrap: Bitcoin Briefly Drops Below $18K While ETH Uncouples From BTC

Blockchain4 hours ago

XRP price rallies 91% in a month due to 3 fundamental factors

Press Releases4 hours ago

REALM Purchases 57,967-SF Mixed-Use Property in Vista, CA

Blockchain4 hours ago

DeFi Investing 101: What Is It? Where Do You Start? What Are the Risks?

Press Releases5 hours ago

Let’s Show Up for Our Downtown Miami Lakes Community on Small Business Saturday®

Press Releases5 hours ago

Gurnick Academy Collaborates With RadNet

Blockchain5 hours ago

Biden to Tap Former Fed Chair Janet Yellen as Treasury Secretary

Press Releases5 hours ago

The Best Dubai Homes for Sale in November 2020

Blockchain5 hours ago

Biden plans for former Fed Chair and noted Bitcoin bear to lead US Treasury

Blockchain5 hours ago

Polymarket reveals change in sentiment around ETH 2.0 Genesis event

Trending