PumaPay's Pull Payment Protocol

jigamola (5)in #ico • 6 years ago

Payment is an important part of life. Goods and services cannot be purchased and complete without payment process. Individuals and Business owners are battling with inefficient and expensive payment methods which has not closed the gap with worldwide business. The payment system has not been able to optimize the needs of the payment process and this where the PumaPay's PullPayment Protocol comes in.

PumaPay's Pull Payment Protocol is an open source comprehensive blockchain solution which offers robust payment mechanisms far more credible, efficient, flexible, cost-effective, and scalable than current implementations (credit cards). Unlike today's payment methods, which include credit cards and virtual coins like Bitcoin, the Pull Payment Protocol was designed from the ground up specifically to overcome existing hurdles and offers a set of tools developed to facilitate on-boarding processes for both businesses and individuals.

The PumaPay's Pull Payment Protocol will enable the following features:

Fixed Amount Recurring Payments
Pay-Per-Use
Fixed Time Recurring Payment based on time with a variable amount
One Time/ Single payment both online and offline using wallet app.
Shared Payment between multiple parties
Restricted Payment according to user's preferences

The Token

The PumaPay token (PMA) is the facilitator of the protocol's unique functionality. It is the only means of value transfer between parties over the protocol and it can be converted from any other cryptocurrency or fiat. The token will initially be developed as an ERC 223 compatible token over the public Ethereum blockchain (PMA v1.0).

Token Allocation

pumapay token allocation.PNG