What is PumaPay?

PumaPay's is a comprehensive blockchain solution that provides strong payment instruments with greater credibility, efficiency, flexibility, profitability and scalability than current payment systems (credit cards). Unlike today's payment methods, which incorporate credit cards and virtual currencies such as Bitcoin, the Pull Payment Protocol program was specifically designed to overcome current problems and provides a set of applications developed to simplify procedures for both companies and individuals.

Thanks to PumaPay merchants can:

Connect various charging formulas to allow direct acceptance of cryptocurrencies, replacing credit card companies and other charging processors.
Provide customers with a complete and flexible billing solution that addresses all common billing practices, including recurring, pay-per-use, and more.
Eliminate the risks of fraud and chargebacks and associated penalties.
Saves the exorbitant transaction fees of intermediaries ranging from ~3% to ~15%.

The vision of PumaPay

There are currently many barriers to the purchase of items with cryptocurrency if the holders do not first convert to fiat currency. The massive implementation of a cryptocurrency payment system such as PumaPay can enable crypt holders to make transactions directly. By promoting the protocol to large transaction volume companies and providing a powerful and flexible PullPayment protocol, PumaPay aims to become the base layer for cryptocurrency payments worldwide.

The PumaPay protocol is designed with components inside and outside the chain. The functionality of the PumaPay Protocol will be present in the components within the chain, while the components outside the chain will be designed to make user interaction with the Protocol smooth and easy to use.

PumaPay Pull Payment Protocol

PumaPay is free, open source software that uses a blockchain-based payment protocol with the unique architecture of PumaPay: Smart Contracts that reverse the mechanics of common cryptographic operations. Cryptocurrency is designed to support only one type of transaction: the sending of money from side A to side B, also known as "push". With the PullPayment Protocol, a "pull" action is achieved on the blockchain, which makes it possible for side B to communicate with the management on side A by means of a PullContract and to provide funds to the account on side B. This is of course subject to pre-established terms and prior acceptance of the transaction by Part A.

The PumaPay solution was developed from the beginning to facilitate flexibility in the mechanics of transactions. The innovative architecture opens the door to a whole universe of payment mechanisms that are impossible or unfeasible if only one "push" action is used: subscription fees, direct debit, prepaid per usage and more. The protocol is extremely flexible and adaptable, offering companies the option of applying their business processing logic to the blockchain.

Complete

A robust, credible and scalable protocol that allows a full spectrum of billing methods.

Flexible

The Protocol allows merchants to apply their business logic and have the freedom to choose between a ready-to-use solution or a custom implementation.

Accessible

Enables frictionless access to the benefits of locking chain technology, with SDK and API for merchants and an application for customers.

PumaPay PullPayment protocol use cases

PumaPay Protocol is based on flexibility. The protocol is being intentionally structured as a modular application to offer merchants and customers the opportunity to use a wide variety of billing devices to meet their specific needs. Accordingly, there may be various Limiters and PullContracts runs, as well as other Account runs. Below are a number of features designed to illustrate potential cases of use of the PumaPay Protocol.

1. Fixed periodic payment instalments

The Pull payment method allows the generation of contracts that invoice a fixed amount in relation to time, for example, monthly subscription fees.

2. Pay per use

Pull contracts are recommended for charging customers on a pay-per-use basis, for example, for expert advice that charges per minute.

3. Fixed-time recurring payment

The PumaPay Protocol can set up time-based recurring payments with a variable amount. For example, utility bills.

4. One time only / Single

Pull contracts can be used to make a single payment through a purse application, both online and offline.

5. Shared payment method

You can also use the flexible Pull Payment Protocol to split the payment between several participants. For example, to make an affiliate program easier.

6. Restricted Payment

A pull contract can also be restricted according to the user's preferences, for example by ensuring that a payment never exceeds a certain amount or by establishing a parental block on the child's spending.

The PumaPay (PMA) Token

The PumaPay token (PMA symbol) is the unique tool of the protocol. PullPayment function. This is the only means of transferring value from one third party to another throughout the protocol and can be transformed to/from any other cryptocurrency or fiat.

The token will initially be developed as an ERC20-compatible token by the public. Ethereum Blockchain (WFP V1.0). This will simplify the implementation of the Technical Expert Group, as well as the procedure for using the token as a means of payment on the platforms of our launch partners from day one.

First users

Companies from different industries that have already proposed to integrate PumaPay's Pull solutions.

Launch partners

We will begin with the incorporation of the PumaPayPull payment protocol into your platforms and work together to create a structure that encourages the decentralization of entire industries through the widespread adoption of PumaPay Token.

PumaPay Pride

An application integrated with our wallet where PumaPay token holders can explore places to use their tokens, significantly increasing traction in participating businesses.

Third Party Supplementary Service Providers

Enable third-party companies that wish to develop an additional product layer to the Protocol, assist the PumaPay environment and offer new investment opportunities to companies (e.g., credit networks, security, code verification, etc.).