PUMAPAY - Comprehensive Withdrawal Payment Protocol
1. Since crypto is not regulated and supported by any government, most people do not want to take risks by investing or using crypto for their daily payments.
2. No trusted payment wallet or gateway can accept any kind of cryptanology such as BTC, Ether etc. to pay utility bills such as energy, internet, cell phones and more.
3. Only some traders accept crypto as payment option.
To address the above challenges, an innovative protocol called PumaPay is being developed by the Decentralized Vision company. PumaPay is basically an open source Pull source payment protocol that aims to provide a more efficient, flexible, reliable, secure and cost-effective payment mechanism. The main purpose of this protocol is to increase the use of crypto in daily payments thereby reducing transaction costs and other risks associated with existing payment methods such as credit cards.To achieve this goal, the PumaPay protocol uses the concept of PullContractand PullRequest.
What does it mean? Let me explain with a real case study. Rock (a fictional character) knows that his utility company has just introduced PumaPay as a payment option. So, he wants to use PumaPay to deposit regular payments to pay his utility bills each month. After providing the account details, PullContract is created using the PumaPay SDK and QR code for the same thing displayed on the screen. He scans the QR code to find out the details of the contract.
This explains that the contract can automatically withdraw the variable amount each month based on its electricity consumption. Based on previous payment history, Rock knows that his utility bill never exceeds $ 200. So he sets the limit for the same amount and accepts the PullContract. Now, Stone is connected to the power grid and he does not have to worry about paying the utility bills anymore because it's automatic. This payment is an example of Repeat Fixed-Time Payments because the amount is deducted at once monthly.
The PumaPay protocol also supports various payment options based on business or customer needs. Given below are a few supported payment options.
- One time / single payment
- Shared payment
- Fixed amount Regular payments
- Pay-per-use payments
- Shared payment
- Payment is limited
- Money back guarantee
Because PumaPay is an open source protocol, any business can integrate existing payment systems or develop new payment solutions over protocols. The only thing you need to access the platform is a PumaPay (PMA) token. This token will be available for sale when the token sales event of the company.
As a strong supporter of blocking expertise and decentralization, it is well aware of thecracks
that occur between digital and online billing requirements and the prevailing blockchain solution is essential. Credit card transactions and processing systems are deliberately outdated and it is important to replace them with the procedures envisioned around the requirements of a fast paced, international, and technology-based economy. Its mission is to revolutionize the existing payments dispensation system by generating a rapidly growing economy of cryptocurrency made in accordance with the PumaPay Special Payment protocol
system.
PumaPay Pull Payment Protocols are increasing and allow the use of cryptocurrencies in countless ecosystems by presenting a comprehensive all-in-one billing program through a blockchain system. The protocol is intended to rediscover each day and its payments by utilizing a new digital or intelligent troubleshooting architecture called PullContract.
Economics
Foreign Direct Investment PMA supports our protocol and contributes to the growth of our ecosystem. We will promote the use of PumaPay tokens in the online and offline industries, while focusing on e-commerce and online services. By facilitating the integration of our protocols and making FDI a de facto payment medium, we aim to reach the critical mass of users, thereby building a growing crypto economy.
Our token economy lies on 5 pillars:
The only thing they need to access the platform is the PumaPay token (PMA) that will be available for sale during the token sales event.
Allocation of Token
- 20% Public Contributors
- 20% Strategic partners and early users
- 35% Company
- 15% Advisors, gifts, bonuses and fees
- 10% Founding Team
- Use Proceed
Results from TGE will be used for the development of our technology, integration with launch partners and initial users, protocol adoption, and to cover all costs associated with TGE. 3% of sales proceeds will be stored as a liquidity pool.
- Implementation of protocol 40%
- Development and operational costs 27%
- Consultant Advisor, and TGE fees 20%
- Founder & Team 10%
- Liquidity 3%
Roadmap
Q1 2018
PumaPay ICO
PMA Token V1.0
Integration V1.0 with a great initial adopter
Start Q3 2018
Testing the next gene. blockchain
Integration V1.0 with ChatMaker
Start Q4 2018
PMA Token V2.0
Android V2.0 Wallet
SDK I (NodeJS) V2.0
Integration V2.0 with great early adopters
Integration of V2.0 with Early Adopters
Reward Engine
Start Q1 2019
Chrome Wallet V2.0
IOS V2.0 Wallet
Integration V2.0 with ChatMaker
SDK II (Java, Python, ...) V2.0
Team
Further information.
- Website: http://www.pumapay.io/
- Facebook: https://www.facebook.com/PumaPay/
- Twitter: https://twitter.com/PumaPay
- Telegram: https://t.me/PumaPay
- Reddit: https://www.reddit.com/r/PumaPay/
Author: gelefals
Bitcointalk Profile: https://bitcointalk.org/index.php?Action=profile;u=1573104
Eth: 0x4151B9b20befFCc4fa6594e5e71F3cd405E6CF1f
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