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Bank cards to become obsolete? It’s time to reinvent the way we do business

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PumaPay
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We have now entered the golden era of currency. Thanks to the birth of Bitcoin in 2007, we have seen an explosion of new digital currencies over the last few years. As well as explosive volume, we have seen a meteoric rise in the value of Cryptocurrencies. The overall market cap, exactly one year to the day was $72,001,626,121 USD. It now stands at $375,590,681,841 USD, an increase of 521.6%. It’s an astronomical yearly increase and Cryptocurrency is still very much in its infancy. It’s a mouthwatering prospect for many who have invested and for those who are planning to invest, it’s not too late. As Cryptocurrency gets introduced to the masses and becomes a must-have commodity, very much like the internet has become, the prices will continue to soar.

An investor can look at the market and decide on which Cryptocurrencies will continue to grow. The savvy investor though will look for assets which will complement and nurture that growth.

PumaPay is on a mission to modernize the current etiquette for the way we pay for goods and services. A unique twist on current processes, which may very well provide the golden hook for established real-world businesses to take their first steps into the magical world of blockchain technology.

Whilst the number one priority for most payment solutions currently on the market is to create a working payment card solution, Pumapay is pushing to evolve from the era of credit/debit cards altogether and transcend into a new era of payment strategy. The Pumapay pull payment protocol is essentially a new payment gateway which facilitates a cryptocurrency payment mechanism for both online or offline purchases. Providing radical new insights into the way we will transact value in the future.

The Pumapay pull protocol

On the Pumapay platform, any business can access a Pumapay SDK (software development kit) to create payment options, which can be completely customizable to coincide with the nature of the business. The pull protocol is a means to process a pending payment by activating a pull request from the merchant to the customer. In a real-life situation, the merchant would print a bill of sale containing a Pumapay QR code and present it to the customer. The consumer can then simply scan the QR code with the Pumapay mobile application and pay with PMA tokens located in their wallet. Once the request has been accepted by the consumer, the required funds are physically pulled from the consumer account and transferred to the merchant.

Pumapay is now in mid-construction of their mobile and desktop based applications, which will be similar to how Metamask currently operates. Consumers making purchases online will be able to select the Pumapay option as a method of payment. When the payment is processed, the Pumapay API will send a pull contract directly from the merchant and will interact with the desktop-based application on the user’s computer. They can then complete the transaction and have the required funds pulled from their Pumapay wallet.

The driving ethos is to offer flexible and customizable payment strategies for businesses who utilize the Pumapay protocol. Reoccurring payments can come with a whole host of variables which are currently structured rigidly through many intermediaries. With this system in place, users on the platform can create a billing structure to suit the needs of their business and have their funds delivered almost immediately and at low cost. All companies now have a new arsenal at their disposal. They can now create unique payment strategies based on their own variables and have tailor-made subscriptions based on the individual, not the general masses. The key to successful business is through building strong relationships with consumers. By allowing them to create their own payment plan which suits their needs, is an ingenious way to make their advocates feel special.

The road ahead

The ecosystem already has at least 12 selected launch partners, who are early pioneers in the road to success for Pumapay. By adopting their pull payment protocol, they will have the Pumapay token as a method of payment for every transaction taking place on their platform.

The Pumapay token sale has been successfully completed and was a resounding success. They raised an impressive $117,019,041 USD and are distributing 78,042,956,829 PMA tokens to their investors. Pumapay is currently in negotiations with exchanges and is preparing for an official announcement soon.

Pumapay have recently launched their official mobile application, which is available now for both Android and IOS.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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