Blockchain projects are having a massive impact in making the world flatter; I don’t mean this in a literal sense, but in a referral to their ability to make opportunities flatly spread across the globe. The blockchain movement has given way to means with which anyone to raise funds for an innovative product, individuals across the globe can benefit from decentralization, and entrepreneurs have the ability to develop globalized demand.

A new blockchain-powered project, PumaPay, can have a massive effect on the last factor; particularly, it can have a massive impact on entrepreneurs in developing nations.

PumaPay is developing a pull pay payment protocol and will allow the usage of cryptocurrencies for any bill. Since PumaPay will develop its network on its own blockchain and will allow transactions in its own native currency, PMA Tokens, the payment network will be extremely affordable for all businesses.

The benefits and opportunities that PumaPay is offering will be beneficial for all merchants, but they will have a particularly strong benefit for merchants in developing nations.

A Boon for Entrepreneurs in Weak Nations

Some developing nations have extremely weak social structures that allow little opportunity for entrepreneurs to reach their goals. In such countries, access to capital is primarily limited to those who are already wealthy. As wages in such locations remain low, hopeful entrepreneurs are able to save up minor sums. If the product they intend to offer is good enough, they could be able to sell it, but they face a major hurdle: cost of processing payment.

In developed countries, many small businesses launch with the support of loans and that allows them to sustain losses for a year or two. Businesses still in the roots try to keep prices and margins low, and since the percent of a transaction chewed down by POS system providers and card networks could be over 6% of sale value, businesses could be sustaining losses on some of their early sales. The goal, during the early months, is to drive customer interest and to sustain that base for the time when prices are a bit higher and margins are profitable.

Such an operation is not an option to small businesses in developing countries as there is little to no access to capital and most people have limited savings and even these savings take many years to assemble. Consequently, entrepreneurship in developing nations remains largely dried out.

PumaPay’s Impact

If a small business runs on a 5% profit margin, which by the way is much higher than Walmart’s 2%, it could be making a loss on its transactions. However, if payment networks are so expensive and can justify their high costs by only claiming that their operations are expensive, then perhaps it’s time for an alternative; PumaPay might just the alternative small businesses have been looking for.

PumaPay offers small businesses a great opportunity by making the cost of transactions extremely low, and this will have a more skewed impact on small businesses in developing nations. Now, the many entrepreneurs there whose dreams had been squashed due to both the difficulty of accessing capital in their society and the ridiculously high fees of payment networks will finally have an opportunity to pursue their businesses.

• PumaPay makes costs of transaction low enough that small businesses in developing nations won’t need to have a heavy reserve capital to sustain losses attributed to transaction fees.

• A large portion of the world’s major existing retailers are not going to adopt payments in crypto currencies any time soon as they have well-established systems and they’d want to do a thorough analysis of the performance of others who do accept crypto payments. This means that small businesses in developing nations will have the opportunity to capitalize on the $400+ billion crypto market without facing interference from established companies, at least in the beginning.

• Many small businesses in developing nations do not have the money to sustain a foreign capital reserve or to even take the risk of currency risk. As such, even the small businesses that are able to get going stray from any plans to provide a global service. However, since PumaPay allows such businesses to accept payments in just PMA tokens, it makes it possible for such small businesses to grow operations beyond their borders without having to consider their past, obsolete fears.

PumaPay is bringing benefits for small businesses across the world, and some of the most important beneficiaries will be the entrepreneurs in developing nations.

Essential PumaPay Links

🌐 Website: https://pumapay.io/
💡 Whitepaper: https://pumapay.io/docs/pumapay_whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2658299.0
💻 Telegram: https://t.me/PumaPay

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