PumaPay project overview

 Hello!   In the period of active development of the cryptoindustry, one can not pass by such a promising project as PumaPay.   

About the project:   

PumaPay is a free, open-source, blockchain based payment protocol featuring the unique architecture of PullPayment: Smart contracts that invert the mechanics of common cryptocurrency operations. Cryptocurrencies were designed to allow only one type of transaction – sending money from side A to side B, also known as ‘push.’ Our PullPayment Protocol enables a ‘pull’ action on the blockchain, allowing side B to connect to side A’s address via a PullContract and ‘pull’ funds into side B account. This is, of course, subject to predefined terms and prior acceptance of the transaction by side A.   

 

PumaPay’s Protocol was designed from the ground up to facilitate flexibility in transaction mechanics. The innovative architecture opens the door to a whole universe of payments mechanisms that are either impossible or unfeasible when relying only on a ‘push’ action: Subscription fees, direct debit, pay-per-use, and more. The protocol is highly flexible and adaptable, giving businesses the opportunity to apply their processing business logic on the blockchain.   With PumaPay merchants can: · Plug-in various billing solutions to enable acceptance of cryptocurrencies directly, replacing credit card companies and other billing processors · Offer customers comprehensive and flexible billing solution, addressing all common billing practices, including recurring, pay-per-use, etc · Eliminate risks of fraud and chargebacks and associated fines. · Saves the exorbitant middlemen transaction fees ranging from ~3% to as high as ~15% 

This project has already attracted strong attention from the crypto community and the community continues to grow.

The project has already collected a hardcap and has many good partners: Фото   The flexible nature of the protocol makes it capable of addressing a wide range of options that merchants will be able to implement via either ready-made or tailor-made solutions. The following is a partial list of use cases the Pull Payment Protocol will enable on the blockchain: 

1. Fixed Amount Recurring Payments

The Pull Payment Protocol enables the creation of contracts that charge a fixed amount based on time- for example, monthly subscription fees. 

2. Pay-Per-Use

Pull contracts can be used to charge clients on a pay-per-use basis, for example for expert counseling charging by the minute. 

3. Fixed Time Recurring Payment

PumaPay’s Protocol can set up recurring payments based on time with a variable amount. For example, utility bills.   

4. One Time/ Single

Pull contracts can be applied to a single payment both online and offline via wallet app. 

5. Shared Payment

The flexible Pull Payment Protocol can also be used to divide payment between multiple parties. For example, to facilitate an affiliate program. 

6. Restricted Payment

A pull contract can also be restricted according to the user’s preferences, for example ensuring a payment never goes above a certain amount or set up a parental block on child’s spending. 

Pumapay has a great team. Yoav Dror The CEO of the project. All information about the team is available on the project website https://pumapay.io/   

I advise you to pay attention to this project. In my opinion, great prospects await him! 

Thank you for reading!