Even though bitcoin and other cryptocurrencies are getting popular, it is able to replace the use of fiat currency yet. Can you order your groceries or pay your utility bills with bitcoin? Is it possible to book your flights tickets using Ether? Can you give Litecoin or Ripple to pay your bill @ McDonald's? No. You can't use cryptocurrency for any of the above as it is not accepted as a payment gateway.
Are you a serious online shopper? How will you pay for the items you order online? Most likely, credit cards. Right? Even though net banking and debit cards are available, still credit card is the widely used payment method. Why? You can use a debit card or net banking only if your bank account has the required amount of balance. But, you can use your credit card to order online and pay your credit card bill in a month or so. So, payment using a credit card is more beneficial for the user. Only thing is they need to make sure that the transactions are secure.
Do you know how the credit card payments work? Let's assume that you are shopping online and added the items to the cart. During, checkout you will be shown the various payment options like banking, PayPal, credit cards etc. If you choose the credit card option, it will ask you the type of your card. So, you will be selecting Visa/Master/Maestro. Right? Have you noticed this? It will ask you to enter only the information like card number, expiry date, and CVV but not the provider of your credit card. Because it will follow the same procedure for processing your transaction irrespective of the provider of your credit card.
In order to use cryptocurrencies for your everyday transactions, you need a payment gateway which provides that option. That's exactly the objective of PumaPay, a blockchain based protocol that will provide the user's and businesses an option to use cryptocurrencies for their daily transactions at free of cost. In short, PumaPay will be an excellent alternative to credit card payments as there is no transaction fee involved. Given below are the interesting features of the billing protocol.
- Offers flexible payment options like single payments or recurring payments
- No chargebacks
- Zero transaction fees
- Use cryptocurrencies directly with businesses by eliminating the middleman
- Secured transactions
- Use cryptocurrencies for all your billing needs (both online and offline)
To get access to the protocol, every user or business needs to hold the new type of token named PMA token which will be the only accepted method of payment. So, any type of cryptocurrencies like Bitcoin, Ether or another kind of currency will be converted to PMA. PumaPay is also planning to provide incentives for all businesses who are using the PumaPay protocol. It also allows the third party service providers to build their own applications on top of the PumaPay protocol.
To buy PMA tokens, you need to participate in the token sale event that will be organized the company. To know more information about the PumaPay protocol and token sale please visit http://pumapay.io/.