Online payment has been effective with the use of credit cards and from record, the said credit and debit cards were initially made for offline trading.
According to Wikipedia.org, the concept of using card for purchases was described in 1887 by Edward Bellamy in his utopian novel ‘looking Backward’.
There has been great acceptance of credit and debit cards owing to the fact that, there is no other reliable means for electronic or online payments or transaction. The same card displays failure from time to time during transaction due to inefficiencies in addition to its convolution and the fact that so many people are involved from the credit card company, like Visa, MasterCard to issuing banks, acquiring banks, processors and payment gateways especially online etc. from this little list, you can agree with me that many people are already involved in the card processes and even usage. And every single stage is controlled by those connected with the card directly or indirectly. This leads to increase and complicated fees charged for credit or debit card usage, in addition to the fact that the cards can be very vulnerable to fraudulent activities.
The advent of bitcoin platform in 2009 as a means of electronic or digital currencies has brought a great relieve to online purchases and transactions, to an extent though it was created to curb the issue of insecurity, hence bitcoin is not completely cut out to give the desired supple solutions for present online transactions.
While it is true that bitcoin is gaining its way in the global market, all the challenges it bears cannot be ignore, therefore PumaPay has put a team of expertise together with the goal to change the payments industry. Its protocol was composed starting from the earliest stage bearing in mind the end goal to encourage powerful, versatile and adaptable installment framework that will overcome those ugly challenges in the payment industry.
With PumaPay protocol put in place, transactions that involve card payments will be done in a decentralized platform in a way that it will ease transaction between the customer and the merchant, thereby excluding intermediaries or third parties.
PumaPay intends to be the main and leading point for digital payment globally.
When the said protocol proposed by PumaPay is accepted, it will lead to improvement in the use of cryptocurrencies for day to day trading.
The flexibility on PumaPay platform is that cryptocurrency holders will have the freedom to transact without the rigorous stress of endless layers of banking.
PumaPay comprises of on-chain and off-chain components and the active component is the on-chain components while the off-chain components are meant for offer a friendly user interface for user.
PumaPay also has the PumaPay smart contract which is a key feature of bitcoin transaction in recent times to oversee agreements between parties involved.
For digital money to be fruitful after some time, it should be a center part of the environment it speaks to. The PumaPay environment will be constructed completely around the usefulness of the PumaPay Token.
PumaPay will be the true standard for present day payment system.
Keeping in mind the end goal to accomplish this objective, four techniques are created deliberately to supports the objective as follows:
Early Adopters: Those merchant who accepts and agree to use PumaPay protocol are known as Early Adopters and PumaPay will ensure to encourage them since they deem it fit to join and use the protocol early.
Launch Partners: these are partners who will join hands with PumaPay to develop a foundation to organize the payment industry by implementing PumaPay Token. The partners have been selected and they have what it takes to achieve the dream for PumaPay and as much as running airdrop on behalf of PumaPay. Since my journey in the crypto world, this is the first time I will witness this kind of arrangement. It is indeed a good one. Make out time to visit: https://pumapay.io/ or https://pumapay.io/docs/pumapay_whitepaper.pdf to see things further for yourself.
PumaPay Pride: just as the word pride, PumaPay is proud to implant into the platform the wallet option where only those who decide to transact with PumaPay token will be displayed, the pride itself is the nucleus that serves as a connector for businesses and clients and lastly;
Third Parties Extension Services and Products: the aspect that interest me in the 3rd party extension services is that either merchant or customers can ask for loan or make payments in segment by the use of credit card companies. Though there are several breathe taking usefulness of this platform, I really pick interest in this because acquiring loan in the usual customary way has been a challenge for those who wish to grow their businesses.
I have read through the pages of the official document of this project and I am excited to the extent that I may not be able to really express all.
I implore you to visit PumaPay ANN thread: https://bitcointalk.org/index.php?topic=2658558.0
Telegram group link: https://web.telegram.org/#/im?p=@pumapaybounty or site as stated above and I bet, you will be convince to join the Initial Coin Offering (ICO)
Authored by: https://bitcointalk.org/index.php?action=profile;u=1221175
thank you so much for the post!