PumaPay Incorporates Crypto Buying Support on its Mobile Wallet

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • PumaPay ranked as the 7th largest ICO with $117 million in 2018 by CryptoCompare.
  • Founded in 2017, the Cyprus-based company is one of the most innovative providers of a fully decentralized blockchain-based payment.
  • Yoav Dror, CEO of PumaPay stated that the new launch is enhancing and improving the current accessibility of decentralised payments.

With the goal of paving a way for mass crypto adoption, PumaPay, a blockchain-based payments company, announced that it will add a crypto buying support on its Mobile wallet. Tweeting on its account, the company stated that this allows its cryptocurrency mobile wallet users to directly purchase digital assets from the app using debit and credit cards.

Currently, users of wallet can purchase four major digital currencies namely Bitcoin, Ether, Litecoin and Bitcoin Cash, then can convert them to the platform’s native PMA token to pay for goods and services from respective merchants.

Creating a Hybrid Solution

Founded in 2017, the Cyprus-based company is one of the most innovative providers of a fully decentralized blockchain-based payment. PumaPay differentiates itself from other payment service providers by combining crypto with traditional finance. This enables convenient payments and billing in cryptocurrencies. The PMA token is the means of value transfer for the Puma Payment system.

Based on the PullPayment contract, PumaPay has a unique framework of smart contracts which reverse the method of transactions. This allows the merchant connecting to the customer’s wallet pulling the funds based on specific predefined terms. In place of the customer to send or push their funds to the merchants.

Making Crypto’s Future Brighter

PumaPay ranked as the 7th largest ICO with $117 million in 2018 by CryptoCompare. PumaPay’s solution gained support from eminent businesses worldwide and there are more than 50 global companies which agreed to implement their payment protocol as their payment method. These include reputed names like Fashion TV, Rent24, MojoHost, Vivid entertainment and many more, while PMA token is listed on major crypto exchanges like HitBTC, Coinbene, Bittrex and OKEx.

Yoav Dror, CEO of PumaPay stated that the new launch is enhancing and improving the current accessibility of decentralised payments. In achieving their goal of mass crypto adoption, PumaPay is maintaining their momentum by consistently providing their users with simple, efficient and cost-effective ways to manage and process their payments. Be it billing models or the crypto wallet, their services are aimed for maximum utility by anyone.

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