So I was watching my friend, an online merchant do his work. As he was on his computer, he was making grunts of frustration. I asked him what the matter and he complained to me that people were ordering through his website and making chargebacks. He wondered why credit card companies had to make lives hard for small time online e-commerce businesses by not tackling chargeback fraud and lamented that he was recording less profit due to this factor. I checked up online about tackling these fraud issues and came across PumaPay. The concept of the Blockchain token really intrigued me and I showed my friend this brand new magical form of payment. For the first time in months, I saw his face dissolve into a wide smile. You want to know why? Then learn about PumaPay below
What is PumaPay?
PumaPay is a form of Blockchain payment that is quite unlike any other. Instead of the traditional ‘push’ method the Blockchain uses to make transactions, it uses a ‘pull’ payment method. It’s an inversion of how cryptocurrency works but in a smarter, better way. The idea is to eliminate fraud in the E-commerce market by providing the perks payments cards offer and annihilating the risks. PumaPay is based on the belief that the current card system we use is not suited for our modern society. The plan is to have online merchants accept PumaPay so it can be used across platforms. The token will also employ a trust rating for online merchants thereby reducing the risk of fraud online. Any merchant below a particular trust score will have transactions blocked. It’s advantages for merchants include lower transaction fees as opposed to the high fees for payment gateways and payment cards.
It’s an ERC20 based token and has a total supply of 78,042,956,829 tokens. There will be a private token sale and the least acceptable amount is 50,000$. Payment can be made in ETH, BTC, USD and EUR. The private sale will end on 7th May 2018.
PumaPay Token Allocation
20% of the total number of PumaPay Tokens will be allocated to public contributors, 20% will be allocated to launch partners and early adopters, 35% of the total number will be allocated for the development for the PumaPay token and protocol, 15% of the total number will be allocated to advisors who raised funds or promoted PumaPay and 10% of PumaPay will be allocated to the founders and the team.
PumaPay Project Partners
Alignment Blockchain Hub, ImLive, SegPay, Mr Skin, Hexa Labs, VividTV, Loadedcash, ExposeBox, Moburst, GameLink and Grooby are part of the companies collaborating with and believe in project PumaPay
To know more about PumaPay visit the links below.
Bounty Thread: https://bitcointalk.org/index.php?topic=2658558.0
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2123151