PumaPay project overview
cryptocurrency·@saimonfury·
0.000 HBDPumaPay project overview
<html> <p> Hello! In the period of active development of the cryptoindustry, one can not pass by such a promising project as PumaPay. </p> <p>About the project: </p> <p>PumaPay is a free, open-source, blockchain based payment protocol featuring the unique architecture of PullPayment: Smart contracts that invert the mechanics of common cryptocurrency operations. Cryptocurrencies were designed to allow only one type of transaction – sending money from side A to side B, also known as ‘push.’ Our PullPayment Protocol enables a ‘pull’ action on the blockchain, allowing side B to connect to side A’s address via a PullContract and ‘pull’ funds into side B account. This is, of course, subject to predefined terms and prior acceptance of the transaction by side A. https://youtu.be/CXqGz8gZm6I<br> </p> <p>PumaPay’s Protocol was designed from the ground up to facilitate flexibility in transaction mechanics. The innovative architecture opens the door to a whole universe of payments mechanisms that are either impossible or unfeasible when relying only on a ‘push’ action: Subscription fees, direct debit, pay-per-use, and more. The protocol is highly flexible and adaptable, giving businesses the opportunity to apply their processing business logic on the blockchain. With PumaPay merchants can: · Plug-in various billing solutions to enable acceptance of cryptocurrencies directly, replacing credit card companies and other billing processors · Offer customers comprehensive and flexible billing solution, addressing all common billing practices, including recurring, pay-per-use, etc · Eliminate risks of fraud and chargebacks and associated fines. · Saves the exorbitant middlemen transaction fees ranging from ~3% to as high as ~15% </p> <p><br> This project has already attracted strong attention from the crypto community and the community continues to grow.</p> <p><br> The project has already collected a hardcap and has many good partners: Фото The flexible nature of the protocol makes it capable of addressing a wide range of options that merchants will be able to implement via either ready-made or tailor-made solutions. The following is a partial list of use cases the Pull Payment Protocol will enable on the blockchain: </p> <h4><strong>1. Fixed Amount Recurring Payments</strong></h4> <p>The Pull Payment Protocol enables the creation of contracts that charge a fixed amount based on time- for example, monthly subscription fees. </p> <h4><strong>2. Pay-Per-Use</strong></h4> <p>Pull contracts can be used to charge clients on a pay-per-use basis, for example for expert counseling charging by the minute. </p> <h4><strong>3. Fixed Time Recurring Payment</strong></h4> <p>PumaPay’s Protocol can set up recurring payments based on time with a variable amount. For example, utility bills. </p> <h4><strong>4. One Time/ Single</strong></h4> <p>Pull contracts can be applied to a single payment both online and offline via wallet app. </p> <h4><strong>5. Shared Payment</strong></h4> <p>The flexible Pull Payment Protocol can also be used to divide payment between multiple parties. For example, to facilitate an affiliate program. </p> <h4><strong>6. Restricted Payment</strong></h4> <p>A pull contract can also be restricted according to the user’s preferences, for example ensuring a payment never goes above a certain amount or set up a parental block on child’s spending. </p> <p><br> Pumapay has a great team. Yoav Dror The CEO of the project. All information about the team is available on the project website <a href="https://pumapay.io/">https://pumapay.io/</a> </p> <p><br> I advise you to pay attention to this project. In my opinion, great prospects await him! </p> <p>Thank you for reading! </p> </html>