PumaPay has been developed by Cyprus-based blockchain company Decentralized Vision and raised $117 million in a private sale in May 2018. It offers a comprehensive blockchain-based payment system, centered around an innovative billing protocol. PumaPay’s PullPayment Protocol is an open source blockchain-based protocol that decentralizes a whole layer of transaction processing services, thus allowing businesses to easily accept cryptopayments. The protocol enables adopters to process transactions using nearly all the familiar billing methodologies, and combines the best of traditional methods (credit cards) and blockchain-based solutions.
PumaPay’s PullPayment Protocol provides flexibility of cryptopayments in day-to-day transactions through fast transaction processing and low fees. PumaPay enables multiple payment scenarios – from traditional one-time transactions and subscription payments to utility, top-up, pay-per-use, and pay-per-time billing models.
The network of PumaPay Early Adopters already exceeds 100 brands from different lines of industry including fintech, lifestyle brands, adult entertainment and more. Among PumaPay’s Early Adopters are reputable names such as Wix, Fashion TV, Rent24, Iron FX, Pornhub, CCBill, to name a few.