PumaPay's open-source Pull Payment Protocol is a comprehensive blockchain solution which offers robust payment mechanisms far more credible, efficient, flexible, cost-effective, and scalable than current implementations (credit cards). Unlike today's payment methods, which include credit cards and virtual coins like Bitcoin, the Pull Payment Protocol was designed from the ground up specifically to overcome existing hurdles and offers a set of tools developed to facilitate onboarding processes for both businesses and individuals.
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC223 |
| Accepting | BTC, ETH, EUR, USD |
| Circulating Supply | 20% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
PumaPay is a free, open source, blockchain-based payment protocol. It is built with the vision to incorporate cryptocurrency payments into daily life smoothly. The PumaPay protocol aims to solve the ‘pains’ of merchants by allowing them to process cryptocurrencies and minimize their dependency on inefficient, outdated payment methods like credit cards.
Our protocol offers a unique architecture of smart contracts inversing the mechanics of transactions. Instead of having the customer ‘send’ or ‘push’ their funds to the merchant, the PumaPay protocol allows the merchant to connect to the customer’s wallet and, following the approval or a set of rules, ‘pull’ the funds. This is why we call it ‘pull protocol’ and ‘pull payments.’ Merchants and consumers can set multiple parameters and limitations so that the payment mechanism can work to their needs.
The PumaPay pull payment protocol enables payment practices, such as recurring payments, pay-per-use, direct debit, shared payments (think commissions and affiliate programs) and more, which have been impossible on the blockchain before.
