Ever thought about when will the payment process finally become more flexible, efficient, and cost-effective? We have been at the bank’s mercy for so long, and all those transaction fees of up to 15% are literally ripping us off! When will the billing solutions be flexible (so that they address all the standard practices like pay-per-use, recurring payments, etc.) and the risks of fraud and chargebacks be taken out of the picture?
The bank as a middleman is a nightmare, but PumaPay is coming to the rescue! (Bye, Superman. Your help was much needed, but not anymore, Superman. Not anymore.)
“PumaPay” is more than a product or a protocol
But it does sustain an open-source Pull Payment Protocol that is Blockchain based. The things it offers go from credible and efficient robust payment mechanisms, bringing in cost-effectiveness for dessert. The current solution – that would be credit cards – is unfortunately not adapted to the market’s needs and to the situations that we are now facing.
The purpose of the Pull Payment Protocol is to bring to the table a set of tools that were specifically created to respond to the needs and come with solutions to the processes and situations faced by individuals and businesses alike. Individuals can finally use their cryptocurrencies to pay for the services or products they are buying, while businesses are able to apply whichever billing solution suits them best, no matter the currency. By replacing the billing processors and credit card companies, they not only get to care for their customers better – this is by offering comprehensive and suitable solutions for each and including the newest methods – but they also say goodbye to risks of fines, chargebacks and fraud.
Thank you, Blockchain, for being yet again so wonderful! Oh and, not to mention saving up on those crazy middleman transaction fees that hit records of 15%. Yes, fees, we are so done with you.
Let’s talk about the protocol, though. It’s pretty amazing.
I told you about it being blockchain based, hence open-source, but do let me mention that it is free also! It has a divine, unique construction that I am so excited to tell you about! The mechanics of the common operations in cryptocurrency are inverted by smart contracts. You no longer send money with the “push” method, because PumaPay’s Pull Payment Protocol comes with the best solution possible, and that is the pull method. On Blockchain.
Allowing the seller to pull cryptocurrency from the buyer’s wallet. With your consent as a buyer, of course! There is no other way for the payment to be completed other than by mutual agreement. The protocol is all about flexibility, adaptability and changing along with the market – responding to its needs.
And you can be a part of it. You can join PumaPay on this trip to revolutionizing the payments and transactions branch, by checking out their website and entering the presale! Head to their Website, ANN Thread, Bounty Thread and join the Telegram group to find out more.
The special pre-sale starts on April 26th, and it would be a shame to miss it because it will make your life so much easier! Since this is what we will depend on in the future, why not be among the first investing and getting used to the easiest payment protocol?