PumaPay is an enterprise crypto payment solution that aims to revolutionize the way businesses receive cryptocurrencies, making cryptocurrencies more accessible than ever before. In this article, as Kriptokoin.com, “What is PumaPay Network?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is PumaPay? What does PMA do?
The platform emerged in 2017 and went through an initial Token offering (ICO) process in May 2018, with a total of 78 billion PMA Tokens sold, raising approximately $117 million. PMA Tokens specifically enable subscription-based, micro and co-payments to maximize flexibility for users and merchants. It is also used to enable fast and inexpensive transactions using PumaPay’s PullPayment protocol.
What is the purpose of the project?
PMA from other payment providers; aims to introduce a faster, low-cost, efficient and accessible payment system. Transactions on the PumaPay protocol are free, especially ETH GAS fees. With the use of blockchain, each transaction is closed to tampering and refund request. This allows businesses to have no problems accepting payments with cryptocurrencies.
Decentralization also has a great place among the goals of the platform. decentralization; customers do not need any other third party or intermediary. It can interact directly with businesses. Therefore, it supports cost reduction by removing unnecessary platform fees and payment processor costs.
Why is PumaPay different?
- One of the main features of PumaPay is that it completely eliminates price volatility while providing 100 percent liquidity to Traders.
- The project locks the PMA rate as soon as the transaction occurs to remove volatility. It achieves this by using an innovative fiat transaction layer that thus ensures liquidity.
- It allows businesses and individual consumers to choose between one-time and recurring payments such as “per transaction” and “amount of usage”. This allows it to offer flexibility.
- It created products and tools for PSP to easily join the platform and serve thousands of customers.
- It is PCI DSS Service Provider certified, providing peace of mind to PSPs considering integrating PumaPay APIs.
What is PumaPay? How to buy PMA?
Exchanges that can be traded with PMA; OKEx, Bittrex and HitBTC are available for purchase on many top exchanges including YoBit. Investors can access PMA’s trading pair with Tether (USDT), Bitcoin (BTC) and Ethereum (ETH) from many exchanges. On HitBTC, on the other hand, PMA is traded in US dollars (USD).
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