Even though bitcoin and other cryptocurrencies are getting popular, it is able to replace the use of fiat currency yet. Can you order your groceries or pay your utility bills with bitcoin? Is it possible to book your flights tickets using Ether? Can you give Litecoin or Ripple to pay your bill @ McDonald's? No. You can't use cryptocurrency for any of the above as it is not accepted as a payment gateway.
Are you a serious online shopper? How will you pay for the items you order online? Most likely, credit cards. Right? Even though net banking and debit cards are available, still credit card is the widely used payment method. Why? You can use a debit card or net banking only if your bank account has the required amount of balance. But, you can use your credit card to order online and pay your credit card bill in a month or so. So, payment using a credit card is more beneficial for the user. Only thing is they need to make sure that the transactions are secure.
Do you know how the credit card payments work? Let's assume that you are shopping online and added the items to the cart. During, checkout you will be shown the various payment options like banking, PayPal, credit cards etc. If you choose the credit card option, it will ask you the type of your card. So, you will be selecting Visa/Master/Maestro. Right? Have you noticed this? It will ask you to enter only the information like card number, expiry date, and CVV but not the provider of your credit card. Because it will follow the same procedure for processing your transaction irrespective of the provider of your credit card.
In order to use cryptocurrencies for your everyday transactions, you need a payment gateway which provides that option. That's exactly the objective of PumaPay, a blockchain based protocol that will provide the user's and businesses an option to use cryptocurrencies for their daily transactions at free of cost. In short, PumaPay will be an excellent alternative to credit card payments as there is no transaction fee involved. Given below are the interesting features of the billing protocol.
- Offers flexible payment options like single payments or recurring payments
- No chargebacks
- Zero transaction fees
- Use cryptocurrencies directly with businesses by eliminating the middleman
- Secured transactions
- Use cryptocurrencies for all your billing needs (both online and offline)
To get access to the protocol, every user or business needs to hold the new type of token named PMA token which will be the only accepted method of payment. So, any type of cryptocurrencies like Bitcoin, Ether or another kind of currency will be converted to PMA. PumaPay is also planning to provide incentives for all businesses who are using the PumaPay protocol. It also allows the third party service providers to build their own applications on top of the PumaPay protocol.
To buy PMA tokens, you need to participate in the token sale event that will be organized the company. To know more information about the PumaPay protocol and token sale please visit http://pumapay.io/.
I was talking with some of my friends about PumaPay, the fact that we will be able to pay for shopping with cryptocurrencies is brilliant. And PumaPay is offering more than this. As I see in their project, they want to create a comprehensive pull payment protocol to suitable all the existing billing needs in our economy. And I believe they will fast achieve their goal with a great success. Thanks for sharing it!
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thanks for the comment! Have you heard of our new bounty program: https://blog.pumapay.io/pumapay-relaunches-its-bounty-program/
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When I first read "No chargebacks and Zero transaction fees" I said to myself that this is the kind of deal that I like, and then I see there is a platform to secure the transactions and eliminate the middleman, so what could I ask for more? Another great project, another step close the a better reality on the market.
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Yes Indeed looks cool...
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thanks so much for your comment!
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At present, we see a growing market of crypto-currencies. Over the past year, this has become a trend, many have learned about them and have already managed to invest in the fast-growing market of crypto-currencies. But what's next?
Have you ever thought that there is already a way to pay for services with your crypto currency?
Thanks to PumaPay initiative, you can do it. The development team made possible what was once just a fantasy. The protocol they create is suitable for a wide range of users and is able to meet their needs.
If you want to be a part of tomorrow for, then PumaPay is what you need
Thank you
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thanks! We think so to ;)
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PumaPay this is a new leader in the movement for popularization and widespread use of crypto currency as a means of payment. Earlier we could not imagine what to do with our crypto-currencies, except how to keep them in electronic purses and use it solely for speculation.
Now you do not need to do this. Tokens of the Pumapei company PumaPay are able to pay the boldest ideas. With a number of advantages - they create an absolutely innovative service for the majority of potential users around the world.
PumaPay This is an excellent opportunity to invest in your future.
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a very good project in the future because the PumaPay token is Reinventing Everyday Payments and Credit Cards today will evolve to include the benefits of cryptocurrency. The reason I believe this is true is because of the large number of new businesses and technological solutions made using the backbone of the Ethereum Network. The evolution of standard ERC233 marks above the standard mark of ERC20 proves this to me even further.
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OK sounds interesting. But I don't quite get it is there a white paper, do you know @mrsfox or @danizaharie?
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It will be available very soon!
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OK, just curious are you also into personal development books?
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That's just another one... There's already TenX, Monaco. All of them have the same goal, which one to trust? That's the hard question.
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There's a fight against BTC and the top alt-coins right now. As soon as the Visa Banksters see some way to profit the sky is the limit for these cards.
It won't be free....
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There is enough room for all of them.
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Until the government declares cryptocurrency cards unusuable :)
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Is it anyway related to Puma?
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This is PumaPay (not to be confused with Puma). They have nothing to do with the sports wear company.
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I must say, they have a nice choice of name.
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Having read about such an excellent possibility of using crypto currency, I did not believe my eyes. Thanks to PumaPay for such an excellent opportunity to use crypto currency for making regular payments.
Users around the world who actively use crypto currency will now be able to use it for regular payments. This makes the company PumaPay - a real leader that is aimed at long work and creates innovative solutions.
Thank you, this is really good news for us all
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Now, this is a NEEDED project. The lost "nexus" between crypto and the "real world" is this exactly. How can we use crypto for paying stuff on the foot!
And "No chargebacks and Zero transaction fees"
I follow you immediately, and this project goes right to the TOP on my follow list too.
Thank you very much for sharing!
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I really like the project of this token so the idea of pay a bill or buy groceries with cryptos is a real advance. Regards
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dear friend @danizaharie.. your post is very nice.. i like your post...
That's just another one... There's already TenX, Monaco. All of them have the same goal, which one to trust? That's the hard question.
thank your for sharing with us... and very good job... keep it up...
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Very interesting im shocked I've yet to hear about this. Thank you definitely gonna check this out
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Interesting, many platforms are trying to make it easier for people to pay anything with crypto. Can't wait for one to actually emerge
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Wow! Pumapay has an awesome feature.if it end up providing those features ,friends,i tell you it will going to skyrockate in value because it will serve as a gateway between other crypto and payment.thanks for bringing this priceless information in this platform.i must appreciate you because the post is worthy to be embraced
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thanks!
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another great post by you.
Literally i didnt have any info about using crypto for online payments.
Thanks
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Seens a good idea, but in this case just it is not enough. We need to see if the companys will accpet the idea.
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Great innovation from Pumapay. This is indeed the gateway for future payments using crypto currency.
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Actually, I was paying with crypto in McDonald's with debit card. I do not see a problem with it.
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As always good presentation about this new ICO. I look further about it. Thanks for sharing
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I was waiting for something like this.
Thanks for the post !
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great post buddy keep it up!!!
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Good job. Thanks for the post.
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Great ideas
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Making Crypto more functional!
Time Spend our coin!
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Thank you so much for the post!
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You got a 17.46% upvote from @postpromoter courtesy of @danizaharie! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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God bless you
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Good news for all of us
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+1000% PROFIT POTENTIAL CRYPTO PICK
https://steemit.com/cryptocurrency/@cryptosee/1000-profit-potential-crypto-or-stox-stx-or
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Congratulations @danizaharie, this post is the eighth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 362 and the total pending payments to posts in this category was $13152.14. To see the full list of highest paid posts across all accounts categories, click here.
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TenX has a card in the market (though in limited number) that allows online payment using credit cards through the most popular cryptocurrencies and Monero also provides a credit card using which you can pay in Monero (which is a top 15 crypto) . Use of TenX and Monero sound far more feasible than a specific new cryptocurrency (Pumapay) launched only for this purpose (which obviously will work only if it gets widely adopted). Is there some value addition that pumapay brings that isn't there already?
Looking forward to your answer and and thanks for this informative post
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Good job!
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Thank you @danizaharie for making a transfer to me for an upvote of 3.41% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
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Thanks for the help full post @danizaharie
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I don't think they needed to reinvent the wheel with their own token. This looks like a job that Stellar could've helped fuel.
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