LIMASSOL, Cyprus--(BUSINESS WIRE)--PumaPay (https://pumapay.io/), the blockchain-based payment protocol startup has already exceeded its Soft Cap of $15 Million. The Cyprus-based company is committed to making crypto payments available to all merchants through its blockchain-based PullPayment protocol. While the Crowdsale is scheduled to take place on March 22, 2018, the project has been confirmed to proceed after the success of the PMA Token Pre-Sale.
‘We are humbled by the positive response and support PumaPay has received from our partners and contributors worldwide, - says PumaPay CEO Yoav Dror. - The Pre-Sale has exceeded all our expectations, letting us surpass the Soft Cap by an impressive margin. This puts us in a strong position to proceed with our development schedule.'
PumaPay’s innovation lies in its ‘PullPayment’ protocol and its architecture of smart contracts that redefines the payment process by reversing the mechanics of transactions. This enables payment practices, such as recurring payments and subscriptions, pay-per-use, direct debit, shared payments (affiliate programs) and more, which have been impossible or infeasible on the blockchain before.
‘PumaPay’s strength lies in the fact that our token (PMA) will not exist in a vacuum. It is supported by the strong infrastructure, enabling our contributors to use the tokens from the onset. We already have an impressive list of Early Adopters - successful businesses that have committed to implementing PumaPay. Among them are Fashion TV, Backpack, ImLive - to name a few’ - says Yoav Dror.
‘The PumaPay team is looking at the transactions from the merchants’ perspective. This is what sets them apart from many others, - says Muly Litvak, a high-profile entrepreneur and one of PumaPay’s Advisors. Businesses have been hungry for the payment solution that would relieve them from their pains, such as high fees from the credit card companies, chargebacks and associated fines, as well as limited cashflow due to the long consolidation timelines of the payments. Customers will benefit from PumaPay, too, but it’s the merchants who will make the protocol soar.'
'There is over $500 Billion worth of cryptocurrency in the world today, with no real usability behind it. PumaPay can funnel these funds into the economy, giving both online and offline merchants the boost they need,’ says Litvak.
PumaPay’s Crowdsale will start on March 22, 2018 and will be uncapped.
PumaPay offers an open source free-of-charge blockchain-based protocol that decentralizes a whole layer of transaction processing services. The comprehensive and flexible protocol allows adaptors to process transactions using nearly all the familiar billing methodologies and combines the best of traditional methods (credit cards) and blockchain-based solutions.