THE MOST RELIABLE MEANS OF PAYMENT

in #ico6 years ago

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Since the beginning of time when man has began in transactions of goods and services had man developed the various means by which the various transactions can be paid. If you take a good look at history of buying and selling you would come to appreciate the various means man had adopted to pay for goods purchased. During the early BC when man was still very primitive, man would use other materials in exchange for the commodity bought at that time there was no means by which items was scaled so must of the times items where exchange with commodity with value that were far above the value of the goods bought but during that time many had the mindset of that they needed to get their present need satisfied at that present time. As time went on people started reason and came up with a means of weight commodity with weigh of some precious metals such as gold and silver. This means was generally accepted but it came to the point in time that useless commodity that had a substantial weigh were been exchange for many of these precious metals. Later on other forms of payment were used to the point that metals were been created in the form of coins to be used as a source of acquiring goods and services. When many nations saw the huge cost of producing coins they went to start producing paper money which we see all around us.
As advancement in technology came up the need to be carrying paper money in the pockets and purse started diminishing because of mostly inconvenience and security that was why many financial institutions decided to create a means a person’s account can be linked to a card so that anywhere in the world there can easily withdraw money or pay for goods and services this cards came in different forms and for different purposes example are credit cards, debit cards, pre-paid cards and the rest. One of the major disadvantages of this cards both to the user and mostly to Bussines owners(merchants) where such credit cards are been used is the time it takes for transactions to occur ie time it takes for money to be sent to the merchant account another problem was hidden charges acquired by both the owner of the card and mostly the merchant. This hidden charges might look very small to one but on calculation with net profit is a lot.
Blockchain technology was created for transparency and effectiveness that is why a platform called PUMAPAY has decided to bring in a unique product into blockchain that will bypass the use of credit card, banks and other third parties during business transactions such as providing a much more effective means by which customers can pay for goods and services any where in the world without the use credit cards and no hidden charges and create an atmosphere were merchants can easily maintain and maximize their profits. And provide easy means by which users can pay for any good or services acquired down to subscription.
To operate this platform, pumapay has created a token called PMA which will be the token used for various activities within its platform and app.
For more information visit: https://pumapay.io/
Telegram group : https://t.me/PumaPay
Ann thread : https://bitcointalk.org/index.php?topic=2658558.0

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