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Tuesday, May 29, 2018

One to watch: PumaPay moves forward on their roadmap following their hugely successful ICO...

The year 2017 saw the biggest rush on internet money to date. ICOs become a standard for retail investors and much of the crypto conversation revolved around use cases, minimum viable products, and practical application. Today it seems like there’s a crypto-application for anything you can imagine, from distributed file storage to augmented reality.

But when it all boils down, most people want a payment solution. The 21st century is begging for a simple, easy-to-use, secure and reliable way to transact. The Bitcoin Cash “coffee on the blockchain” argument may seem like meme at this point, but microtransactions will very likely be the first step towards mainstream adoption. And with the development of such projects as Metalpay, Ethos, Litepay, and many more, it’s clear there is a high demand for these services.

PumaPay is one such app that is proving itself as potential front runner. It’s not just a microtransaction medium; their ERC20 token offers invoicing, recurring payments, and several other accounting services to rival that of VISA and Shift while remaining open-source and fully distributed.

The crowdsale ended on May 7th with a whopping success of over $117,000,000 raised and over 78 billion tokens distributed. They are well on their way to being a staple in most ERC20 compatible wallets. What’s more? Their dev team is far from slowing down. The core 20 member unit are bent on releasing feature after feature to make this little powerhouse stand out.

Following the token sale, PumaPay released the first generation of their mobile wallet. Shortly after, they made the PumaPay development kit available for participating merchants. Their first partnership in Q2 of 2018 is with online chat service IMlive, paving the way for a significant role in the adult entertainment industry. Q2 has more in store, including 2nd incarnations of their wallet, ERC20 storage compatibility, more SDK tools, as well as their premier service: PumaPay PullContracts.

PullContracts are unique in that they allow for much more flexibility when it comes to payments and invoicing. Much more, even, than traditional payment methods today. With most crypto payment solutions, the only way to conduct a transaction is for the payment to be sent. A user literally has to enter the amount, address or QR code, and send a payment to the recipient. This is far from practical, and rife with human error. Mainstream adoption simply isn’t ready for this kind of control. PumaPay offers a simple solution of allowing merchants or recipients to automatically request payments, so the customer only needs to approve the transaction to complete it.

Billing and invoicing is only one feature of PullContracts. The full service includes such conveniences as repeating payments and automatic debits, making the task of sending cryptocurrency even easier than Paypal or Venmo. Group payments are another way PumaPay appeals to the average user. It’s a simple process to share bills, rent, gifts, or even large business purchases shared among separate accounts while an automatic accounting app keeps track of all transactions. Need to limit spending? Restricted payments will allow a user to set pre-defined limits on transactions.

Perhaps what is most appealing isn’t the feature-rich and practical applications, but the vibrant and vivacious community supporting the PumaPay project. The company prides itself on its customer support as well as the user-provided FAQs and suggestions. Join the Telegram group and visit their blog to see for yourself.

Prospective investors will be interested in Puma’s media presence. The company was recently featured in The Huffington Post, Forbes, and Techbullion conducted an interview with CEO Yoav Dror. So the small startup has been getting a fair share of exposure. Keep an eye out for PumaPay as they make their way onto exchanges this summer, and don’t be surprised to see it pop up as a contender in the battle for crypto e-commerce very soon.

For more information, visit PumaPay.io

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Author: Vincent Russo
Los Angeles News Desk