PumaPay, the next-gen blockchain-based payment protocol, has recently completed its token sale which raised an extremely impressive $117 million dollars ($117,019,041 to be exact), making it one of the biggest and most successful token sales to be completed in the history of ICOs.
The private token sale, which was open only to qualified individuals and companies, broke its funding goal without a hitch thus enabling the team to develop its PullPayment Protocol in full—a process that will certainly be benefited by the money raised.
Yoav Dror, the CEO of PumaPay, expressed his gratitude and elation over the token sale to which he said:
Dear PumaPay Community,
Today is the historic day for PumaPay as we have wrapped up the Private Sale and can announce that PumaPay has raised the total amount of $117,019,041. No words can describe the team’s and my personal gratitude for your support and faith in the project. Our contributors have given life to the PumaPay project, enabling us to develop the PullPayment Protocol at the full scale. We are also grateful for the support of our Launch Partner and Early Adopters who represent the processing volume of over $10 Billion/year.
Everyone following PumaPay’s journey: You are our daily inspiration to continue redefining everyday payments by making crypto transactions accessible and convenient to merchants and customers worldwide.
Today, a little after 18:00 UTC, we have generated the total amount of 78,042,956,829 tokens. All contributors will start receiving their tokens soon. Stay tuned for announcements regarding the wallets compatible with PMA. We hope that soon PMA will be coming to top cryptocurrency exchanges and you, PumaPay community, will be the first to know all the news.
PumaPay may have concluded the token sale, but we’re just starting the journey. With the multiple components to release and milestones to reach, the team is dedicated to working hard and we’ll be sharing frequent updates on our progress.
Aside from the token sale, PumaPay’s PMA token is now available in most major ERC-20 compliant wallets such as MyEtherWallet and Trust. A full article on how to check and add PMA tokens to wallets can be read on the PumaPay blog.
Another exciting update is the release of the PumaPay Cryptocurrency Wallet app which is now available on both the Google Play Store and Apple App Store.
The sleek and user-intuitive PumaPay app has an extensive list of features for both new and experienced cryptocurrency holders, with the platform’s PullPayment protocol set to be implemented soon which will enable card-like features and multiple payment options to be accessed in the app.
In case you’ve missed on our previous article covering PumaPay, the company’s groundbreaking PullPayment protocol completely revolutionizes how cryptocurrencies are used as payment methods for businesses.
Previously, businesses would receive cryptocurrency payments by requesting customers to send their coins to their respective wallet addresses but it’s clear that this system is not ideal in today’s online business landscape.
For starters, relying on the customer to manually send payments every time means that common payment methods like subscriptions or installments are not possible. This is not good for businesses as having fewer payment methods restricts the customer’s choices which causes businesses to miss out on extra revenue.
At the same time, there is always a chance for human errors such as customers sending coins to the wrong address or sending too many coins. Having a payment method that is prone to errors is simply unacceptable which is why improvements need to be implemented as soon as possible for cryptocurrency payments.
With PumaPay’s PullPayment protocol, businesses now have the ability to literally “pull” the funds out of the customer’s cryptocurrency wallet for transactions—a process that works similarly to how credit cards are billed but applied to cryptocurrencies instead.
While that may sound unfair to the customer on the surface, the company has already alleviated concerns by implementing processes to ensure that companies cannot misuse the protocol to cheat or extort customers of their funds meaning that customers will only be charged the exact amount of the transaction, not more and not less.
With this technology, things like paying for gym memberships, entertainment subscriptions, or subscription-based apps with cryptocurrencies are finally possible hence allowing businesses to fully utilize the benefits of using cryptocurrencies for purchases of their goods and services.
At the moment, users have the ability to open new or connect existing Ethereum wallets to the PumaPay wallet as well as sending and receiving payments in PumaPay tokens (PMA) or ETH among its list of features.
PumaPay has also relaunched its bounty program due to popular demand and this time, $200,000 worth of PMA tokens are up for grabs to the community as rewards for their contributions to the program.
The bounty program will end on the 30th of June, 2018; other details of the bounty program can be read in the platform’s blog.
In addition to all of the exciting updates mentioned above, PumaPay has recently partnered with 3 renowned companies for its features. The companies are ImLive, a popular live adult webcam broadcasting platform, ExposeBox, an e-commerce merchant and solutions provider for retailers, as well as ROOMDAO, a decentralized marketplace for travelers.
These 3 companies will be utilizing PumaPay’s features and services for their applications and the platform will be working continuously with new partners in the near future, all of which will be announced through PumaPay’s blog.
Finally, PumaPay presented its protocol to more than 5000 attendees at the recent iFX Expo held in Cyprus which also saw the team giving away 2 million PMA tokens to lucky raffle winners of the event. Coverage of the team’s presentation at the event can be found out more on PumaPay’s official Facebook page.
To find out more about PumaPay and its latest updates, check out the links below: