Pull Payment Protocol
What is PumaPay?
PumaPay is a decentralized blockchain based free Pull Payment Protocol that is built with a vision to incorporate payments of cryptocurrencies smoothly into daily life. It is an open source blockchain platform that enhances crypto transactions that can be easily integrated and used by any company. The main objective of the protocol is to increase the usage of cryptocurrencies in everyday payments thereby reducing the transaction fees and other risks associated with the existing payment methods like credit cards. The scalable and flexible design of the platform provides both the users and businesses with a cost-effective and useful payment solution. In simple words, the project aims at solving the issues of the merchants by enhancing the payments in different cryptocurrencies and lowering down their dependency on outdated, inefficient payments methods such as credit cards. Different payment practices such as pay-per-use, recurring payments, direct debit, shared payments are now made possible over the blockchain technology, all because of the PumaPay’s pull payment protocol.
What problems that PumaPay solves?
With tradition billion methods such as credit cards, it would not have been possible to adapt to the fast-changing digital trading network. Moreover, with a high volume of transactions, there are chances of different fraudulent activities that merchants might have to face. Thus, to overcome the limitation of tradition billing, PumaPay’s pull protocol system has been introduced. The protocol simple works on promoting the use of cryptocurrencies both offline and online and using it as a standard means of payment, PumaPay brings cryptocurrency to mass adoption.
PumaPay Pros ↑
- Safe and secure network.
- The project promotes business throughout the world.
- The pull payment protocol reduces the chance of frauds.
- Can replace the entire traditional payment method in future.
PumaPay Cons ↓
- There are many countries where dealing in cryptocurrencies is not regulated. Thus, for such countries services offered by PumaPay are useless.
- Those who are not interested in investing in digital currencies might not like the concept of PumaPay.
PumaPay’s concept of enhancing payment in cryptocurrencies throughout the world over a secured Pull Payment protocol is the right way by which blockchain technology would be promoted. Cryptocurrency market will surely see some boost over the conversion of currencies and efficient online transactions which will also help in promoting business around the world.