Breaking news => Israeli-Cypriot blockchain company PumaPay has wrapped up the Private Sale, raising the impressive amount of $117,019,041. That's right: PumaPay raised over 117 Million dollars! As it has been recently announced by PumaPay CEO Yoav Dror, PumaPay completed the Token Generation process and minted the PMA Token, with the total supply being 78,042,956,829 PMA tokens!
PumaPay‘s PullPayment Protocol was created to bring crypto payments in the daily life. Its approach enabling merchants to ‘pull’ crypto funds from their customers’ account, thus avoiding the drawbacks of the current banking systems, such as high transaction costs, the insecurity of chargebacks (reverse transactions) and associated fines, and the lack of customer anonymity.
The company said its protocol supports payment practices that have been impossible on the blockchain, including recurring payments with fixed and variable amounts, pay-per-use transactions and restricted or split payments. PumaPay enables merchants to run their businesses the way they’re used to with credit cards, said the company. PumaPay said it signed up over 40 companies with over $10 billion worth of transactions per year as partners!
The founder and CEO of PumaPay is Yoav Dror who brings Over 20 years of experience at executive level in various online companies.
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