Interview / CEO of 'YOAV DROR' PUMAPAY

Yoav Dror the CEO of PumaPay has worked in the online payment business for more than 20 years. After embarking on a blockchain-based business idea that began a year ago, he issued the 'PMA' token. In May, it completed the ICO with the achievement of Top7 ICO. On July 22nd, we met him as he attended the 2018 Block Chain Partners Summit and heard more about PUMAPAY.

 

Please tell us a little bit about Pumapay

First of all, I worked in the payment field for 20 years. Then, I began to think about the blockchaining the payment system one year ago.

Pumapay uses a payment protocol. PumaPay is an innovation in everyday payment methods. It combines the technical advantages of a blockchain with the flexibility and extensibility of credit cards.

PumaPay's innovative technology relies on “PullContract.” “PullContract” is a transaction system that is not supported by the current blockchain-based payment solution, such as periodic payments, by reversing the encryption transaction mechanism. The PullPayment protocol, a free, open source technology, can be used as a basis for developing billing methods based on existing blockchain or for a variety of other companies today.

PumaPay connects to PumaPay core servers through APIs with built-in HTTP functionality and allows merchants to create the best payment solution for their customers. The SDK toolset provides a flexible way to use the PumaPay solution across all types of store platforms.

The PumaPayCryptocurrencyWallet is designed for Android and iOS devices and can be paid, sent and received using PumaPay PMA tokens, ETH, and all other X90 tokens. The mobile wallet app, currently doing the usual "push" work, will continue to be upgraded.

The merchant portal is a B2C feature that aims to provide the entire set of services supported by PullProtocol to businesses that are part of the PumaPay ecosystem. The industry-leading PumaPay solution has the ability to transform a broad range of adoption possibilities and PMA tokens into a practical value transfer method between customers and merchants.

 

 

How does Pumapay's payment system differ from traditional credit card payments?

Plastic cards used for payment in various fields appeared before the digital and Internet era. However, in the online age, there is a restriction depending on who uses it and the commission paid for everytime one uses his or her card can also be a problem. There is also the risk of online scams.

The bigger problem is that when you try to get a refund after you have already paid the money, banks will give you a refund just by talking and confirming with you, even before talking to the merchants. Therefore, merchants can easily lose the fees already paid.

In fact, according to a survey by Juniper Research in 2018, there is a statistic that the above-mentioned problems cause the merchants to lose about $ 7 billion. In addition, if the customers' refund cases are above a certain level, the customer's account may be destroyed. Franchisees also spend a lot of money to solve these problems. To reduce refund costs, they also may be forced to put items on sale.

Another important problem is that if you use a credit card, it will take a long time for money to come into the merchant's hand.

How is Puma pay different?

Blockchain reduces this problem. However, it takes a long time to deposit the current money into the bank and send it to the exchange office to buy a bitcoin or send it to another exchange. Other coins are also the same. It would be difficult for both parties to exchange.

Pumapay is a payment system to solve these problems. The advantage of Pumapay is that it connects with a trader's wallet (wallet) with a unique smart contract, allowing merchants to withdraw their money there. Many other types of transactions can be made.

 

What is the future roadmap for 'PMA' tokens?

On May 7th, Pumapay finished the ICO and created the 'PMA' token. The total amount gathered through ICO was $117,019,041, which was placed in TOP 7 ICOs.

The Puma pay version 1 has already come out. The Push Solution application is available for both iPhone and Android phones. On the platform, merchants connect with customer’s wallet. Version 2 will be released at the end of August. We will also add payment on a regular basis every month for ongoing payments, such as subscriptions. Version 3 will be available in 2019. It will be used in commercial use and other areas.

Could you say something to the Daily Coin News readers and Korean currency investors to promote Pumapay?

We currently have partnerships with more than 50 merchants. The feedback from the merchants is very good. Our team itself has more than 10 years of experience. Advisors are also very powerful. There is a strong market in Korea, and we plan to open an office in Korea. I would like to bring my Korean advisor. The Korean company hosting this event is our Korean partner. I would also like to have a partnership with Daily Coin News. We will definitely come back with better news. Please look forward to them.

 

- Daily Coin News prioritizes the voice from the scene over others.(news@dailycoinews.com) -

[copyrightⓒ 2018 All rights reserved by Daily Coin News]

6 0 Write