One of the key goals of the blockchain movement has been to distribute opportunities by actualizing realistic decentralization. One of the reasons the impact has been so effective is because many of the institutes in power just failed to recognize the potential of blockchain technology and left much of the opportunity in developing blockchain products open to the masses.
Cryptocurrency's finance side has been the same story. Major financial institutes have failed to recognize the opportunity in offering financial services to this market. As a result, crypto exchanges have become billion-dollar companies, a few projects are on the path to revolutionize collateralized loans, and Malta is on the path to become a major player in the banking and finance sector.
It is possible a similar story is going to surface with respect to physical products. A new blockchain project is developing a pull-pay protocol which will, among many benefits, make it possible to accept crypto payments.
An Opportunity for Developing Nations
PumaPay had recently completed its ICO and raised $117M. The company is saddled to launch the most powerful disruption in the current payments market.
Pull-Payment's value additives aside, PumaPay is bringing a massive buying power of the crypto community to the physical world. Early adopters who are willing to partner up with this company get access to a major, exclusive market. If the trend currently witnessed in the blockchain revolution continues, PumaPay won't be getting partnerships from the reverred giants of consumer products. Instead, new companies, quite possibly in the developing nations, will accept this opportunity to make themselves the select few early providers of a $300 billion dollar buying power.
In this age of e-commerce, where a business located his little impact. With cross border shipping becoming so easy to sustain, we could see "Maltas of consumer products" arise and utilize PumaPay to become the leading consumer product providers of the crypto community. PumaPay is an opportunity for the ambitious in the world's developing countries to secure access to a massive market and to play this first-mover advantage to develop a level of growth that would otherwise have seemed a fantasy.
PumaPay makes all forms of payment possible and in an easy way. The company further stacks incentives for its partners by allowing them to capture lower transaction fees as compared to card networks, the security of the blockchain, and an easy way to process returns. This coupled with the company's ability to give access to the buying power of the crypto community could help PumaPay's earliest partners to push their companies into a powerhouse growth phase.
Essential PumaPay Links
🌐 Website: https://pumapay.io/
💡 Whitepaper: https://pumapay.io/docs/pumapay_whitepaper.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2658299.0
💻 Telegram: https://t.me/PumaPay
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it will be a european country i think.
I agree that there's a good chance of that.
But I'm rooting for an unexpected underdog, possibly in Asia.
I would think about Switzerland and Malaysia as my two best picks
I would think about
Switzerland and Malaysia
As my two best picks
- crypto.piotr
I'm a bot. I detect haiku.
An African country seems like the obvious choice, to me.
I think canada,lets go with it lots of news coming also its a underrated country.
dont think canada will be going in that direction.
As much as I like Canada, I too think Canada won't be heading in this direction. But we never know!
2 years ago, who expected Malta to be on its way to become the home of crypto's largest exchanges.
It has to be some tax haven and a country that relies heavily on foreign investment. I would still say whether it is crypto or fiat, singapore has a strong chance of taking that crown. Then you have Mauritius as well.
If i think about the process, goods will largely be manufactured in china. What crypto does is help escape currency controls. So as long as buyer and seller and logistics are ready to accept crypto, any tax haven should do. HK and Singapore, given their infrastructure could take the crown. The one impediment i see is customs. I dont know if a country can prevent import of goods if payment was made in crypto
Wow, you really thought this through, and with proper intuition might I add. If we are on the topic of a company aiming to capture this opportunity, you're spot on!
But I meant more of a government-lead action to pursue this opportunity, as was the case with Malta.
Yeah, not sure if a govt is going to be that proactive. As much as i have dealt with govt agencies, they are not incentivized to be proactive. Specially in the developing world. They usually need to lure an existing industry or be approached by businessmen. I mean that is what i think. If there an industry that crops up, i think the likes of singapore and hk will still take it. They have been inviting businesses for ages and know how to be active about it.
Hong Kong & Singapore are some of the most proactive business hubs in the world, but I feel the governments there are not going to take such an eager welcome to crypto market's buying power.
I want to stress on something you mentioned. Developing nations' governments react to approaches by foreign businesses, and often with eagerness as it helps them pad their weak performance.
Perhaps, you've hit an important point. Partnerships with developing nations' governments could be a good opportunity for PumaPay to bring in consumer product suppliers on to its platform, and as a result a supply of consumer products purchasable with crypto.
Yeah, specially in India, FDI and MoUs are great advertising. Doesnt matter how much delay happens for actual investment to materialize.
Yeah, an ecosystem has to develop along with pumapay i think. Traders/payment services/govt incentives. May be puma pay can tap a lot of independent importers/exporters in developing nations by providing a marketplace interface as well.
Some of what you have stated is part of their current roadmap.
PumaPay should recruit you as a business development manager. You have some great business development ideas that would easily allign with their technical roadmap.
I am open to working for them. But i think most of these blockchain projects need technical people or programmers. I would love to work for a blockchain startup in India, once I am there.
I wish if India would be one. Not possible I know.. harsh truth of Indian government.
I believe the Indian government has a very negative stance towards crypto, right?
You have shown the Cryptocurrency's wide in your photo. Why Malta? I think It will be in Russia. Thanks for sharing.
I didn't say Malta would use PumaPay for serving consumer products to the crypto market. I said I expect some country is going to do it... but I don't know which. Could it be Russia? Maybe; time will tell ;)
As for Malta as the hub of crypto-finance, that's not up for debate; exchanges moving there and they are about to pass their own protocol for properly auditing of companies in this industry.
My personal view, Switzerland will be next Malta for cryptocurrency.
In terms of financial services, I think Malta just took a leap forward and other countries might be a bit too late.
In terms of consumer products serving accepting crpyto transactions from services like PumaPay, I expect we will see a new name: an unexpected entrant.
Absolutely you are right.
Interesting words.
Thank you!
Speculating something important is always interesting ;)
That's project seems really strong. :)
Especially now that it has raised $117M.
One more awesome information I get from your man thanks for sharing this amazing poster with as love it
Glad you liked it :)
always bro I will wait for your next post
Thank you; I appreciate the support.
wl come bro
And bro please get some time to visit my profile it will be great support for me thank you so much
Sure :)
thank you bro
For vote buyers | For investors.This post received upvote from @tipU :) |
Thanks!
wuuoo the world of crypto and dollars, Good writing on the written development of your friend friendliness ..!
Thank you Nando!
thanks so much for another great post! Don't forget to follow us on Twitter for pending updates: https://twitter.com/PumaPay
You're welcome & sure thing.
it seem @hatu that you're quite bullish on PumaPay :)
It's the second post about them and if someone with your knowledge and reputation pay that much attention to this project, then it means to me that it's worth doing some extra research on my own.
I agree. Unfortunatelly it seem that those good days are over :/
I only hope that european union will not try to punish Malta for being crypto paradise. That could happend knowing our rulers.
Yours
Piotr
The project's goals are ambitious but would be wonderous for the crypto community; so, it's hard not to root for its success.
I feel Malta is safe. It's been on this path for some time now and hasn't face any penalty.
@Hatu
I completly agree with you. Malta is a place to run a business if this business is related to crypto.
Is there any other country as friendly towards crypto as malta?
Yours
Piotr
thanks for your comment! We are working harder than ever to produce something awesome for you guys :)
Spotcoin’s Road to the ICO. Why What and How
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