For every particular industry or market, there are issues plaguing them. And for E-commerce, a big problem facing both online retailers and consumers alike is fraud. The merchant particularly suffers from a string of issues like fraduent chargebacks, and high transaction fees for payment gateways. The merchant is doing his business to make profit and here, the payment gateways ensure they eat into his profit with their high transaction fees. For the consumer, purchasing from untrustworthy merchants could pose a big issue when they discover the item they received is pirated or the item doesn’t reach them at all. Its problems like these PumaPay aims to solve
A Look into PumaPay
PumaPay is that token that aims to connect the cryptocurrency world to the E-commerce world in a unique way. A way that reverses the old-fashioned Blockchain payment process into one of its own. I’ll describe in this format; the way normal payments are done is for the initiating part to send money to send money to the receiving part. In the reverse method, the receiving part pulls the cash from the initiating part. This form of reverse transaction is to avoid a host of unfavorable payment conditions. PumaPay has a vision. That vision is to eradicate fraud on the growing E-commerce market. How PMA will try to achieve this is by integrating it’s cryptocurrency into e-commerce. This will be by encouraging merchants to accept cryptocurrency as a form of payment for their own advantage. The reason PMA is such a superb token is the fact that it eliminates the disadvantages of both credit cards and the Blockchain payment method. It’ll facilitate the peer to peer Blockchain which eliminates the whole complex payment process of payment cards
Benefits of PumaPay
- Elimination of chargeback fraud
- A trust rating system to determine the deliverability of the merchant
- Reduced transaction fees for the merchant
- Direct transaction between merchants and customer
It’s an ERC20 based token and has an aggregate supply of 78,042,956,829 tokens. There will be a private token sale and the slightest acknowledged sum is 50,000$. Payment installments 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
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=2037035