These days, net banking, credit cards, debit cards or mobile wallets are the popular methods used by the users for online/offline payments. Good! But, Do these payment methods offer any kind of flexibility/customization to the users? Let’s assume that you have a 14-year old minor boy who has a debit card or bank account for which you are the legal guardian. He places order himself for the items he needs on online retailers like Amazon. Fine. Is it possible for you or put restrictions on the card usage? For example, you don’t want him to spend more than 100 USD per month. Can you find a solution so that the transaction is declined if it meets some criteria? No. It is not possible with the existing system of payments.
Let me tell you another scenario. You ate nice food with two of your friends at a popular restaurant and you need to send an equal amount of money to both. How will you do that? You will send the money using two different transactions. How about a payment system that provides an option to share the money with more than one recipient in a single transaction? Sounds Interesting? That’s exactly how PumaPay works. PumaPay is a free and comprehensive billing protocol for cryptocurrencies that aims to provide so many flexible payment options for the users which are given below:
- Pay-per-use – A typical example is the pay-per-minute plans in prepaid mobile connections where the payment amount is not known at the beginning of the transaction.
- Fixed amount recurring payments – You can schedule the payments for any recurring subscription like magazines, club membership etc which costs a fixed amount every month.
- Fixed time recurring payments – You can set standing instructions for recurring payments at regular intervals of time.
- Variable recurring payments – In this type of payment, you can fix the amount but the duration is variable.
- Delayed single payments – You can set instructions for a payment to be executed later.
- One-time payments – This option is the frequently used one to complete online or offline purchases.
- Shared payments – You can make the payments to two or more recipients in a single transaction with complete privacy between the recipients.
- Restricted payments – This option is useful for parents to place restrictions on the wallet of their kids.
- Money back guarantee – This type of payment will help the users to get the refund of their money for canceled or incomplete transactions.
Pumapay is an open source protocol based on blockchain technology. So, it provides the option for third-party providers or businesses to create their own applications or solutions based on the PumaPay protocol. How will you get access to the PumaPay protocol? Simple. If anyone wants to use the protocol, they need to hold PMA tokens. PMA token is a special type of utility token based on the Ethereum standard ERC20. It is the only available option to access the protocol and will be sold during the initial token sale of the company. Also, the company is planning to develop two versions of PumaPay wallet, one for chrome extension and another for mobile phones. (iOS/Android). To learn more information about the PumaPay protocol and the token sale, please visit http://pumapay.io/.
The examples you used here are very good and lead to a good understanding of PumaPay concept. As you could see on my account, I am already involved in PumaPay project and I believe it brings a whole new changing plan for crypto and billing world. One of these project's main objective is the one that you mentioned: "Shared payments – You can make the payments to two or more recipients in a single transaction with complete privacy between the recipients." How is not that cool enough? Thanks for sharing it!
i Appreciate your comments
Nowadays online payments have become an integral part of life. It is very satisfying and greatly simplifies life. But often there are situations when you have to spend more time, for example, send an equal amount of money to several people. You will be forced each time to make a new transaction and most likely to pay% from each transaction.
There is already a solution to this and many other similar problems. This is a free PumaPay protocol. Its main goal is to provide various payment options for its users. There are really a lot of options: one-time payments, general payments, limited payments, and many others.
The great advantage of PumaPay is that it is based on a block chain. This allows the developer or user of the platform to create their own applications based on the PumaPay protocol. To use the protocol, it is necessary to keep the PMA tokens.
In the future, 2 versions of the purse will be developed - browser and mobile.
PumaPay is an excellent choice!
So True
You post a message about cryptocurrency, I have paid a lot of attention to this post, this post is very important to me, and I learned something new in this post's mind, thank you very much for doing so a great post-misconception. I love cryptocurrency, because it can make people's financial life strong....
Thnx sharing
PumaPay aims to change the face of the payment industry, overcoming the limitations of Bitcoin, Litecoin and other cryptocurrencies . Excellent project.
Wow your view about blockchin technology is really good..i agree there is some positive point and some negative points too..i love your opinion..will visit pumapay protocol.
Seems interesting, especially in order to share a restaurant's bill without a crisis. Good to manage all yours bills. On Huffington post good article explaining the PumaPay protocol.
@danizaharie do you know whether pumapay it's available for sudamerica because i'm from colombia and based in your post i think this site is very useful. Regards
@PumaPay ICO who are interested in hundreds of thousands of people finally started! All investments that will make investors pay off and make a big interest!Thanks for share
Sounds like a promising payments platform. Will look into this in greater detail. Good luck with the planned launch!
@danizaharie It has not been a very nice application.i like this.I will try it after searching a bit
Thank you!
Pumapay brings innovation in payment methods. Thanks for the information.
From what you have said, it is understood that by completing all our transactions through debit credits, we have many benefits online, through which we can waste time
Wow pumapay sounds really nice, the money back guarantee is what caught my attention and also sending money to two different recipients simultaneously.
wow!great technology..i like bitcoin..thanks for sharing this post,,best of luck.
Very interesting concepts. I'm going to read more about it. Thanks for sharing dude!
this option deserve to be reviewed thank you for sharing :)
by your post you help me because i need some information about it.... thanks for sharing this post.... i waiting for your next post....
really nice post.good work in the artical.keep it up
Your blog about genuine payment is excellent, thank you for giving a blog about payment and it will be useful to all of us
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The money back guarantee is the best buy for me as I have lost money on incomplete transactions in the past.
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Thank you for sharing the post
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an application that is very different and makes life easier. for the first time I heard these features. I download to try. thank you for the information @denizaharie
I hope you read the comment I wrote above. I could not post the comment early due to the bandwidth problem.
Good read, food for thought
PumaPay is a progressive innovative protocol that provides its users with a huge number of online payment functions. Mainly it is the ability to make several payments at once through a single transaction. You can set a limit on the amount you can spend. This is only a small part of the functions that users can use.
Developers also have the opportunity to manifest themselves. Since the protocol is based on a block chain and it is open, applications can be created based on it.
This and much more you can find out more on the main PumaPay site.
I have child who is technology oriented herself, and these are all the things I will have to take in consideration very soon.
This protocol looks like something that could be useful to take in consideration.
Thanks so much for the post!
Have you checked out our crypto wallet app, its now live: https://blog.pumapay.io/download-pumapay-cryptocurrency-wallet/