PumaPay, the first company to offer a blockchain-based recurring payment system, is happy to announce that their Mobile Wallet Apps (iOS and Android) now support Dash (DASH). In addition to supporting the coin, PumaPay and Dash are exploring ways to enhance their collaboration together and build on each other’s strengths.
"These are very exciting times for PumaPay. Our solution is ready, we have our impending Pan-Asian tour and we are moving on to the adoption phase. Dash works with a number of providers to offer a range of options to businesses wanting to incorporate cryptocurrencies as a method of payment. PumaPay is a natural fit for Dash and can provide its business customers with a comprehensive payment solution which is built around the needs and requirements of businesses, enabling them to process transactions using familiar billing methodologies. Our technology combines the flexibility of credit cards with the advantages of blockchain technology; taking the best of both worlds and overcoming the limitations and hurdles of credit cards. In the coming months, once we introduce our multi-currency support, Dash will be one of the first coin to be supported. Cryptocurrencies and cryptocurrency payment solutions will play a huge role in bringing about a change in cross-border payments, which have their limitations and challenges. In addition to huge transaction fees, the transfer process takes about a week to complete. With companies like PumaPay, this very issue can be resolved as its payment protocol allows faster money transfer in a hassle-free way. It can also help eliminate financial entities that act as middlemen."
PumaPay CEO, Yoav Dror
"PumaPay is an attractive partner for Dash because of its ability to support recurring payments and merchants who follow a subscription model. This is a feature that hasn’t been available to Dash users before.We are exploring new ways to expand our partnership and what we can do together. I look forward to seeing how we can help each other."
Dash Embassy D-A-CH CEO, Jan Heinrich Meyer
Chief Marketing Officer at Dash Core Group
Dash is digital cash designed to offer financial freedom to everyone. Dash allows millions of individuals across the globe to carry out instantly re-spendable and secure transactions, with near-zero fees. Built to support real-life use cases, Dash is the leading decentralized payment solution: it is accepted at thousands of merchants globally, accessible via hundreds of ATMs and dozens of exchanges worldwide. Dash has pioneered groundbreaking features including:two-tier network with incentivized nodes and decentralized project governance (Masternodes), instantly settled payments (InstantSend), instantly immutable blockchain (ChainLocks), and optional privacy (PrivateSend). The Dash Network’s development is supported by Dash Core Group, the largest organization funded by the Dash Treasury, which supports and nurtures the continued worldwide development and integration of Dash.
PumaPay is a streamlined cryptocurrency payment system with its own cryptocurrency mobile wallet app, a payment gateway called Business Console and the marketing hub, PumaPay Pride. Our key innovation is that we combine the flexibility and ease of use of credit cards with the advantages of blockchain technology. Our PullPayment Protocol inverses the mechanics of the transaction and allows merchants to “pull” funds from customers wallets, based on pre-approved terms. This has enabled the creation of billing mechanisms that are very common in our daily lives but were not possible on the blockchain before, such as recurring payments, top-up, direct debit and many more. In fact, we were the first company to introduce fully decentralized subscription payments on the blockchain back in October 2018. To date, we have developed five different Advanced Billing Model and we are working on more. Our PullPayment Protocol is very flexible and will allow any business to define their billing models. It will adapt to the Business’s business-logic, and not the other way around.