PumaPay.

The way we settle our everyday ordinary exchanges is quick advancing, and it appears to be protected to state that the blockchain is having an indispensable impact in this condition. PumaPay is putting forth a progressive answer for this advancement of our installments framework and yes your figure is on a par with mine they are utilizing blockchain innovation to do as such.
In our present day economy, the dominant part of retail business, both on the web and disconnected, rotates around Visas: regardless of whether coordinate Visa handling or by means of ‘wrapper’ administrations. These strategies force high commission charges extending around 3%-15% and include different disadvantages to the two shippers and shoppers, that are basic to brought together frameworks. Cryptographic forms of money hold an extraordinary guarantee to defeat these weaknesses, yet still can’t seem to advance into a broadly acknowledged methods for installment.
The PumaPay convention was composed starting from the earliest stage with the sole motivation behind tending to these issues, with an adaptable institutionalized convention planned to oblige any charging needs. The convention’s inconclusive adaptability is gotten from the inventive ERC223-agreeable Pull Contracts notwithstanding different contracts.
PumaPay’s open-source Pull Payment Protocol is an exhaustive blockchain arrangement which offers vigorous installment instruments much more tenable, proficient, adaptable, savvy, and versatile than current executions (charge cards). Dissimilar to the present installment strategies, which incorporate Mastercards and virtual coins like Bitcoin, the Pull Payment Protocol was planned from the beginning particularly to beat existing obstacles and offers an arrangement of instruments created to encourage on boarding forms for the two organizations and people.
Here is a rundown of things you can do with PumaPay:
· Plug-in different charging answers for empower simple acknowledgment of digital forms of money straightforwardly rather than through an unnecessary layer of keeping money
· Offer clients complete and adaptable charging arrangement, tending to all normal charging works on, including repeating, pay-per-utilize, single installments, and so forth
· Eliminate chargebacks and extravagant brokers exchange expenses running from ~3% to as high as ~15%
· Increase trust between the client and business by utilizing unique security and protection
PumaPay as a solid supporter of blockchain innovation and decentralization, is very much aware of the holes that exist between web based charging needs and existing blockchain arrangements. Charge card preparing frameworks are gradually getting to be noticeably old and should be supplanted by a convention that is planned around the requirements of a quick paced, worldwide, and innovation driven economy. PumaPay’s main goal is to modernize installment handling frameworks by making a flourishing digital money economy based on the PumaPay Pull Payment Protocol.
Here’s the means by which it works:
PumaPay is based on the foundation of the Ethereum system and utilizing the latest ERC233 token standard. This is essential to note in light of the fact that in addition to other things, ERC233 evacuates the danger of tokens being lost because of erroneous contract executions.
The Protocol and Token.
The PumaPay Protocol will be available to the group for advancement. While the convention accompanies worked in modules to encourage the principle installments writes plot here, it is intended to energize group improvement. It intends to end up noticeably a standard stage that business can use to build up their custom blockchain installment arrangement.
The ‘PMA’ token will be the cash traded among clients’ PumaPay Wallets. While at first, clients will trade ETH for PMA tokens, it’s progressing worth will be founded on the general PMA market and it will be the remain solitary digital currency on the framework.

Meet the team

‘PullContracts’ and ‘PullRequests’.

These are the heart that drives the PumaPay system

Pull Contracts allow for businesses to stipulate the cost and terms of a transaction. When a customer agrees to those terms, they complete the payment loop. The PullContracts are flexible enough to allow for one-time payments, recurring payments, shared payments, money back guarantees, restrictive spending rules, and more.
When a PullContract is agreed to by the consumer, a PullRequest is created to finalise the transaction and facilitate the withdrawal of PMA tokens from the customer’s wallet, to the businesses wallet.

For example, when a customer buys a coffee, they agree to a PullContract which then allows a PullRequest for the cost of the coffee in PMA’s to be executed. If the PullContract included a cost-sharing function, the PullRequest could pull money from two different consumers wallets, and so on. In a scenario where there were insufficient funds for the purchase, the business would also immediately know, just like the way a declined credit card works today.
It’s important to note that PullContracts can facilitate essential consumer payment requirements that are required for business as usual, such as Money Back Guarantees. If a customer returns a product, a PullContract can facilitate the refund of a payment. To do this in the present cryptocurrency ecosystem would require too much manual labor, and

PumaPay aims to automate this kind of every day transaction.

An additional payment tool possible with this platform is the idea of restricted payments. For example, a parent could provide their child with a set amount of funds for spending, but restrict the use of those funds to certain types of purchases. (i.e. School Supplies OK, but Candy is not). I feel this type of monetary control over money shared with another person could prove to be very powerful.

The PumaPay SDK (Software Development Kit)

All of this will be made available and possible using the SDK for developers. Because PumaPay is a transaction free platform, and the only fees are those charged on the blockchain itself for transaction verification, there is enormous room for growth as this platform is adopted and built upon by its developers.
The use cases go on and on, because the capabilities of a PullContract are as wide as a developer’s imagination. Any number of requirements could be coded to be met before payment is required or requested using a PullRequest. Integration into existing systems will just be a matter of businesses developing the code to trigger existing actions based on the PumaPay PullContract results. For example, an online subscription based system could grant a user access to premium app features after a PullContract is executed successfully.
The PumaPay Presale is on going now on their website and they have announced that their Global ICO is coming soon.

For more information:

WEBSITE :http://pumapay.io/

REDDIT :https://www.reddit.com/r/PumaPay/

FACEBOOK :https://www.facebook.com/PumaPay/

TWITTER :https://twitter.com/PumaPay

TELEGRAM :https://t.me/PumaPay

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

ETH Address: 0x76cc93e01a6d810a1c11bbc1054c37cb395f14c8