IronX Adds PumaPay Token to Trading Platform

IronX, the Cyprus-based cryptocurrency exchange, has added the PumaPay Token to both its trading platform and to its new cryptocurrency exchange, IronX.

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PumaPay, or PMA, has a market capitalisation of $21.6 million, according to coinmarketcap.com. It raised $117 million in a private sale in May. The key characteristic of its Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term is that it allows companies to take cryptocurrency Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term from the wallets of customers, something that was hitherto not possible.

Yoav Dror, CEO of PumaPay, said: "PumaPay is looking into developing unique solutions for currency exchanges, and we are excited to be sharing these ideas with the forex industry."

In August, PumaPay it signed a deal with Canadian adult website PornHub so that users of that service can use it to pay their subscriptions, and in October, it signed a similar deal with AirSoft, a financial software company based in Ramat Gan, Israel.

IronX, which is licensed in several countries, offers several cryptocurrencies on its fiat trading platform, including ADA Coin. IronX is its new cryptocurrency exchange, opened in partnership with EmurgoHK Group, which is the Hong Kong-based company behind the ADA Coin and its blockchain, Cardano.

IronX recently completed the sale of 67.7 million IRX tokens for approximately $22.3 million to private buyers and intends to hold a public initial coin offering on the 1st of November. It aims to make $50 million.

It has received a licence to operate in Estonia and has applied for one in Gibraltar too. The expected launch date of the venue is December 2018.