PumaPay-blockchain protocol, which makes cryptobilling accessible to every company
The processing of payment cards is one of the key elements used by merchants (merchants). To date, the payment processing system is based on the work of centralized structures, because of which different services are struggling with problems, such as inefficiency, significant risks and large commissions. These problems are the reason that the development team introduces the PumaPay PullPayment protocol to provide a reliable and flexible payment system that eliminates all obstacles to processing digital payments. https://pumapay.io/
PumaPay is a debit protocol designed to combine a traditional payment method with advanced blockchain technology (similar to ShopIn, DataBroker, Cibus, etc.), which simplifies the use of digital currencies for purchases both online and in regular stores.
This protocol has a significant benefit in increasing the number of payment transactions by means of crypto-currencies. Moreover, it also eliminates the need for intermediaries to participate in this process and allows you to save money to pay commissions, and also prevents all kinds of fraudulent activities.
To implement this protocol, the company will need to discuss the terms of cooperation with the leading enterprises around the world, achieving significant turnover, thereby prompting them to adopt this protocol for further work with clients in the processing of electronic payments. Using the network Launch Partners, this protocol will get a powerful start in those areas of activity that have a large influx of audience.
PumaPay offers all users to use the unique PullPayment framework, supported by intellectual contracts, which can be released with the help of a complete mechanism for operations on digital currencies. As is known, crypto-currencies have been created for the purpose of direct transfer between the two parties without the need for mediators to participate in this process. But, unfortunately, the work of this process is not enough when it comes to the use of digital currencies on a larger scale and the established requirements for modern trade.
The PMA protocol includes several types of components, including components inside and outside the blockroom. The components inside the block are used to represent the PMA protocol functionality, while components outside the block are created to simplify and facilitate user interaction with this protocol.
The project developers take into account the fact that the credit card is the basis of online payments, while other basic principles of electronic commerce remain unchanged. It is also known that most sellers are faced with the problem of traditional transaction processing, which slows down their execution and is not 100% reliable.
Thus, the PumaPay project was created with the goal of transforming the current payment system, creating a strong foundation that can develop as the value of digital assets grows, supported by the PumaPay Pull protocol. The protocol is designed for the following missions of the platform:
- Creation of a standardized protocol that allows using a more advanced payment method using blocking technology;
- decentralization of the billing process and preservation of the client's money for significant operating expenses;
- providing a more convenient method of payment and increasing the use of digital currencies both online and in conventional stores.
As retailers and service providers are currently faced with the problem of costly and inefficient payment methods, the PumaPay project team is looking for a universal solution that solves a number of merchant problems.
Also, there are no such credit cards or payment methods, and not all modern technologies are properly configured to address today's needs for processing and optimizing the operation of electronic payments. This is exactly the reason why the PullPayment protocol was developed, which uses the PullContract framework (which is based on blocking technology).
This protocol will be useful for promoting the use of digital currencies in various markets, as well as for increasing the volume of payments made with the help of crypto currency.
For more detailed information about the project and the terms of participation, I recommend to visit the links below:
WEB page: https://pumapay.io/
White paper: https://pumapay.io/docs/pumapay_whitepaper.pdf
Telegram: https://t.me/PumaPay
ANN: https://bitcointalk.org/index.php?topic=2658299.0
Author: https://bitcointalk.org/index.php?action=profile;u=1047035