Use cryptocurrencies for your everyday transactions – PumaPay
Even though the value of 1 BTC has crossed 13000 USD, still it is a black box for many people. Because they couldn't trust these cryptocurrencies as they are not backed by any government. Also, it is not widely accepted as a form of payment by many sellers. Only those people who are viewing cryptocurrencies as an investment option are monitoring the happenings in the crypto world.
How to convert cryptocurrency to a real-world currency? Good question. If something has to be accepted as a form of currency, then it should be used as a medium of exchange for buying products/services. Like, how you are using fiat currencies like USD or Euro for your everyday transactions. In a similar manner, if there is an option available to use cryptocurrency for online/offline transactions, then it will bring a great revolution to the real world.
Currently, few merchants or sellers are accepting cryptocurrencies as payments. But, that network is very small and there is very little scope for expanding that network worldwide. Also, they are not using any common platform for making their transactions. For example, when you are using your credit card for online shopping, it will ask you the credit card type (Visa/Master) and not the name of the bank who has provided the credit card. Because the payment gateway processes the transactions for all Visa credit cards in the same way. Likewise, a new payment gateway needs to be developed for processing all the transactions based on cryptocurrencies. Then only, you can bring cryptocurrency to the real world and use it effectively for making online/offline shopping, paying utility bills, booking air tickets, dining at a restaurant etc.
To achieve this goal, a new billing protocol exclusively for the cryptocurrencies named PumaPay is under development. It is a free and open source protocol based on the blockchain technology. As it is open source, it will be easier for the businesses to integrate their payment solutions into the PumaPay protocol. Also, third-party service providers can easily build their own applications on top of the protocol. In a nutshell, flexibility is the key feature of PumaPay.
Is PumaPay flexible only for businesses? No. It offers a variety of payment options to the users so that they can choose the best one based on their needs. Check out the top 2 interesting payment options below.
Shared payment - How about sending the same amount of money to two or more of your friends at the same time? Sounds interesting? Yes. PumaPay's shared payment option allows sending money to multiple recipients in a single transaction. No need to worry about the privacy of the transactions will be P2P (Point to Point) without sharing the information with the third person.
Restricted payment - Are you a parent who is searching for a solution to limit the money access to your kids? PumaPay protocol will help you to place restrictions on the wallet based on the purpose of the transaction.
If you are someone who wishes to access this protocol, then you need to hold PMA tokens which will be sold by the company during their token sale. Kindly visit their website, the Bounty and ANN threads to learn more information about PumaPay protocol and the procedure to buy PMA tokens, and join the Telegram.
You got a 13.69% upvote from @mercurybot courtesy of @mathewtherry!
The more and more uses for Bitcoin and places where they accept BTC as payment the better it will be for crypto in general ... a lot of consumers and merchants alike are still in the dark about the entire crypto movement!
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good post