PumaPay offers merchants a complete solution for crypto payments
Decentralized Vision, the blockchain company that creates a payment protocol that combines the benefits of traditional billing technology and blockchain, today announced the launch of its PumaPay protocol; an all-in-one blockchain payment solution that offers billing mechanisms for e-commerce, online services and traditional merchants.
To date, most retailers, both online and offline, revolve around credit cards: either direct credit card processing or wrapping services. These methods impose high commissions ranging from 3% to 15% and have other disadvantages for traders and consumers, which are common to centralized systems. Cryptocurrencies has a great promise to overcome these disadvantages, but it still has to evolve towards a widely accepted payment method.
The PumaPay protocol was designed from scratch with the sole purpose of solving these problems, with a flexible standardized protocol designed to meet all the billing needs. The indefinite flexibility of the protocol is derived from the innovative traction contracts compatible with ERC223, in addition to other contracts.
The PumaPay protocol and the tokens will support the most current transactions in the online and offline spheres, such as pay per use, single payment, scheduled payments and monthly subscriptions, providing a blockchain solution for daily payments, which represent dozens billions of dollars in the monthly economic reach. These transactions are currently untapped with existing cryptomonets, such as Bitcoin or Litecoin.
When addressing one of the weak points of cryptomoneda, the protocol will also include security extensions and mechanisms to guarantee trust between traders and clients, which include:
Money Back Guarantee: allows the customer to cancel a purchase within a predetermined number of days after the transaction and receive a full or partial refund, subject to the company's permission.
Restricted payments: allows owners of the portfolio to monitor and control the activities of their portfolio or the related activities of the portfolio.
The PumaPay protocol is a flexible payment protocol that aims to encourage external contributions and development, as the protocol comes with integrated modules that the community can develop even more. The basic functionality of the PumaPay protocol is represented by its chain architecture, which is made to be flexible and evolve with the needs of the community.
To achieve a rapid use of the protocol, PumaPay presents a unique growth strategy, based on the allocation of 10% of Tokens PumaPay to protocol adapters, depending on the use of the protocol.
Yoav Dror
Yoav Dror, CEO of Decentralized Vision, the company behind PumaPay said:
PumaPay intends to solve the real problem of the use of crypto cards. Our open source solution, easy to integrate, will provide an opportunity for cryptographic markets that allow providers to take advantage of the potential of cryptomoneda in their daily billing mechanisms.
PumaPay will soon announce an initial offer for the Token PumaPay.
WEBSITE : http://pumapay.io/
ANN THREAD : https://bitcointalk.org/index.php?topic=2658299.0