Card system befriends blockchain technology

The craze mode is on!

Cryptocurrency craze is increasing every day and a lot of new altcoins are introduced every week. Now, people are happy to transact with altcoins and started loving the bitcoin technology. There are many benefits associated with transacting in altcoins. The transaction fee charges are negligible or very less, the transfer is easy and the wallet is secure and safe. Also, the investors are looking at altcoins as an opportunity to multiply money in less time and get rich.

Cards and altcoins

PumaPay – a new startup working on blockchain technology and integrating the altcoins with credit and debit card system. Credit cards and debit cards have become an obsolete technology and the risk of frauds associated with the card-based transactions is also increasing every day. People also are tired of taking cards everywhere, they have to ensure the card is not stolen and the money is safe. If anyone steals the card, you have to block the card, pay a fee and get a new card. The process is tiresome and irritating. Pumapay has come with a solution that helps our data to be safe and with no risk of card theft, high fees.

Pumapay has a virtual card system which works exactly like credit card/debit card wherein the payments are done using the pull technology. The amount is pulled from crypto wallet funds by merchants. This way the transaction is secure and after authentication by the user, then only the pull is possible by the merchant. The virtual cards can be used like real-time cards and we can set the limit of money on the virtual card, the card expires within 24 hours and we don't have to worry about cad getting stolen or our money getting looted. The user data and transactions are safe and secure.

We can do recurring payments in fixed and variable amounts. We can also do pay-per-use transactions; payments that are restricted with regard to time, date and user. Split payments are also possible. Technically the system works like a card payment system. Unlike other altcoins, in Pumapay the merchant can continue to accept cards but the only change is the medium and the card methodology. This reduces high costs and increases efficiency.

Coins for Adults exclusively!

The company is already working with Top 30 adult websites to make the customers use Pumapay as the payment medium and they are expanding the client and customer base at a rapid pace. Also, they have secured $117 million in private token sale held last month.

Safe, secure and easy!

The virtual cards are safe and the fraud is very minimal. Whenever we use our credit and debit cards at any point of sales or online, we are exposed to fraud and there is a high risk of our data, money getting stolen. With the virtual card system, we can set limits, the transaction is secure and our data is well protected.

Also, the chargeback fee is avoided. Sometimes, there might have been twice transactions and after several emails and calls, we get the amount reversed. However, the card issuers like VISA and Mastercard charge a fee and fine for the merchant if there are many transactions reversed in a month. It is no fault of the merchant yet he is penalized for the action he cannot be accounted for. Moreover, these companies charge up to 15% as transaction fees for every swipe. The merchant is in a big loss.

So, Pumapay has come up with the solution wherein the customer's data is safe and the merchant is not charged transaction fees and his profits are not looted.

Conclusion

Pumapay wants to eliminate frauds and protect merchants from high fees. They are working to build a stable, robust, highly efficient and flexible system enabling secure payments. The main aim of Pumapay is to protect customers and merchants. The company is aiming to reduce risks, bringing down transaction fees, protecting customer data and want to be the friend of merchants as well as customers. They want to simplify the transactions and make our lives easier.

Website: https://pumapay.io/

Published By:Kishan748
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=1027561