In the core network PumaPay launched the finished version of your Pull Payment Protocol


In the core network PumaPay launched the finished version of your Pull Payment Protocol

Why we write about PumaPay? First, ICO this startup has become the seventh most successful krautsalat in history. Second, PumaPay created the so-called Pull Payment Protocol. Traditional electronic payment systems already use this technology, and blockchain services yet. However, Yes.

Let’s start in order. In April 2018 PumaPay conducted an initial offer of tokens, collecting $117 million and thus becoming the seventh most successful krautsalat. However, the success of the ICO doesn’t guarantee anything. But PumaPay think happened: they created and launched its revolutionary Protocol.

What is a Pull Payment and how it differs from Push Payment? Push — means to apply a force in order to push myself. Pull, respectively, to apply a force to bring. Now, Push Payment is when a payment initiator acts as the payer: he seems to be pushing funds towards their recipient. A Pull Payment is when a transaction begins, the recipient of the funds. For example, you receive an invoice that must be paid. This is a Pull Payment.

Now, such a system appeared on the blockchain. Typically, a user initiates a transaction, but the Protocol PumaPay the system can work differently. For example, customer service can now “pull” the monthly payments of crypto-wallet users.

In PumaPay report that PullPayment Protocol already used by 75 companies. This FINTECH company and entertainment services. “We expect more from this decision, and believe that PullPayment Protocol provides an additional level of convenience, which is not enough sellers,” said CEO PumaPay yov Dror.

Vladimir Pakaluk

After graduating in 1996, of the history faculty of the Sumy pedagogical Institute worked at the school, then as a watchman in a Park, then a journalist of the newspaper “Dankor”. In 2004, Timur Dorofeev called me a freelancer at FHM, and after six months I was employed, however, another magazine, the upcoming launch of the Ukrainian Men’s Health.
If we Dorofeyev were a couple, then he would agate the wedding 14 years together.

From Men’s Health I was lured in Maxim magazine, where shortly before my arrival Dorofeev worked as the chief editor. Then Timur was invited to lead a Time Out Kiev — and guess who freelancer in this magazine? Right, I am. When I imagined a personal journalistic drimtim, of course saw him as the great and mighty Dorofeeva. We were finally to meet and work in a team, not as an editor and freelancer, but as a real editorial. This happened in 2013: we did the weekly glossy Supplement to the newspaper “Capital” – a Capital Time. After a year of “Capital”, closed, but different projects we were doing for long. In the summer of 2017 Timur with the words “this is destiny” have asked me to edit a news feed for H#T.

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