In the fast-paced world of cryptocurrency, PumaPay stands out as a game-changing payment protocol that aims to make crypto transactions more flexible, fast, and straightforward than ever before. Founded in 2017 by Yoav Dror and his team of experienced professionals from the online business, financial, and blockchain industries, PumaPay is on a mission to free small businesses from the burden of high transaction costs and promote the widespread adoption of cryptocurrency for everyday payments.

What is PumaPay?

PumaPay is a blockchain-based, open-source billing protocol designed to provide merchants with a comprehensive solution to process cryptocurrency payments. The protocol aims to overcome existing blockchain payment limitations and offer robust billing mechanisms for e-commerce, online services, and traditional merchants. PumaPay supports common transactions in the online and offline spheres, such as pay-per-use, scheduled payments, and monthly subscriptions.

At the heart of PumaPay's ecosystem is the PMA token, an ERC-20 token that facilitates the innovative PullPayment Protocol. This groundbreaking technology enables merchants to "pull" funds from a client's wallet based on predefined terms, reversing the traditional push payment model. With PMA, users can enjoy a wide range of advanced billing models, including recurring payments, pay-per-use, and subscription-based services, all powered by the security and transparency of blockchain technology.

The PumaPay Team

The PumaPay project is backed by a highly qualified team of experts in the cryptocurrency industry, led by CEO Yoav Dror. With over 20 years of experience in online business, Dror has acted as an executive director in large-scale companies, bringing valuable expertise to the project.

Other key members of the PumaPay team include:

• Aristos Christofides (CTO): With over 15 years of experience developing professional commercial APIs for financial institutions, Christofides has managed teams in NFC and B2B2C payment service projects established by VISA and Mastercard.

• Giorgios Kourtellos (Chief Blockchain Architect): Kourtellos has been a part of the IBM Client Innovation Center Bebelux team, working on projects intended to improve the finance and energy industries.

The PumaPay team, although relatively small with under 11 employees, has a strong background in online business, financial institutions, and blockchain technology. Their qualifications and experience suggest that they have the ability to execute on their vision and deliver on their roadmap.

PumaPay's Unique Features

PumaPay's unique features include customizable billing models, such as Recurring and Auto-Up Schemes, which are designed to offer maximum utility to businesses in their daily transactions. The PullPayment Protocol, at the heart of PumaPay, enables the creation of contracts that charge a fixed amount based on time, pay-per-use, and fixed time recurring payments with variable amounts.

The PullContract, a smart contract that represents a payment relationship between accounts, is responsible for the token transfer and can have flexible parameters, allowing merchants to develop their own billing methodologies. PumaPay's off-chain components, like the PumaPay Wallet and the PumaPay SDK, facilitate payment interactions between accounts and provide a set of tools for developers who need to leverage the protocol.

PumaPay's flexible solution adapts to any business logic, allowing for the creation of all the familiar and convenient day-to-day payment scenarios, such as top-ups and subscriptions on the blockchain, thus adding convenience and usability to blockchain technology.

PumaPay Tokenomics and Distribution

The PumaPay token (PMA) has a finite supply, with 78 billion tokens sold during the initial coin offering (ICO) in May 2018, raising over $117 million. The token distribution was as follows:

• 20% sold through ICO
• 20% distributed among early investors and adopters
• 35% used for ecosystem development
• 15% transferred to advisors
• 10% distributed among developers and founders

The circulating supply at the moment of writing the article is roughly 26 billion PMA, or one-third of the total amount. PMA is a deflationary token, with its supply strictly limited and not going to increase over time, which affects PMA price. Currently, 500 million PMA are available for liquidity providers who can earn a fee on each transaction.

Conclusion

PumaPay is a revolutionary blockchain-based payment protocol that aims to make crypto payments flexible, fast, and straightforward for merchants and users alike. With its innovative PullPayment Protocol, customizable billing models, and a strong team of experts, PumaPay is well-positioned to modernize payment processing systems and promote the widespread adoption of cryptocurrency.

As the project continues to grow and develop, it has the potential to become a major player in the cryptocurrency payment space, offering a convenient and user-friendly solution for businesses and individuals looking to embrace the benefits of blockchain technology.