PumaPay Adds Crypto Buying Support on Its Mobile Wallet

PumaPay, a 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 tamp 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 tamp Read this Term-based 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 company, announced today that it is now allowing its cryptocurrency mobile wallet users to directly purchase digital assets from the app using debit and credit cards.

According to the press release shared with Finance Magnates, the company is expecting a mass adaptation of cryptocurrencies with this move.

PumaPay wallet users can purchase four major digital currencies: Bitcoin, Ether, Litecoin, and Bitcoin Cash, and then it can convert them to the platform’s native PMA token to pay for goods and services with supported merchants. To add this crypto purchasing, the platform has added the support of N.Exchange.

BREAKING NEWS❗

Users of the PumaPay mobile wallet can now buy crypto directly from the app with a credit/debit card! ?? ?Click the link to learn more about our ground-breaking development ? https://t.co/yTMbzzYwpo #buycrypto #PumaPay #crypto #PMA #cryptocurrency pic.twitter.com/FBezDL9Squ — PumaPay (@PumaPay) August 3, 2020

Commenting on the development, PumaPay CEO Yoav Dror said: “By making crypto purchasing easily attainable, our new launch is enhancing and improving upon the current accessibility of decentralized payments; paving the way towards mass crypto adoption.”

Making Crypto Payments a Reality

Founded in 2017, the Cyprus-based company is intending to disrupt the micro-payments industry with blockchain technology. Its PullPayment protocol provides a 'free-of-charge' transaction platform that allows its users to 'pull' rather than 'push' cryptocurrency payments.

This will enable crypto recurring payments for any subscription-based platform, similar to any fiat-based subscriptions. The company made headlines when its crypto payment solution was integrated on the adult entertainment website Pornhub.

It is also boasting competitive cryptocurrency exchange rates, low transaction fees, complete transparency, and 100 percent privacy.

The company closed a $117 million initial coin offering (ICO) in 2018 when the market was at its peak. Its PMA token is listed on several major crypto exchanges including HitBTC, Coinbene, Bittrex, and OKEx.