PumaPay adds up to the ever increasing number of cryptocurrencies being released on daily basis in the crypto community. Per an official Tweet by the company on August 23, 2018, the blockchain based firm located in Cyprus, PumaPay’s unique crypto token can now be used to pay subscription on the prominent adult content platform, Pornhub.
PumaPay Cryptocurrency Joins Few Others
Pornhub, which happens to be one of the top adult content platforms, having a traffic of roughly 90 million visitors daily, is said to have chosen PumaPay coin because of its dynamic nature. Unlike other cryptocurrencies, such as Bitcoin, Ethereum, and the like, PumaPay allows merchants get paid for the use of their services on recurring basis.
Users who hold the PumaPay cryptocurrency do not need to initiate payments every time their subscriptions run out as cryptocurrency transactions can be automatically initiated as at when due. This gives porn lovers the advantage of never being locked out of their accounts as a result of expired subscriptions.
How PumaPay Helps Merchants
In a bid to explain how the PumaPay blockchain works, the company’s CEO, Yoav Dror stated:
“PumaPay’s technological solution, the PullPayment protocol, reverses the mechanics of a transaction, enabling merchants to ‘pull’ crypto funds from their customers’ account. With PumaPay, merchants avoid 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.”
“As one of the most viewed websites in the world with over 90 million daily visitors, it is our duty to stay at the forefront of innovation and ensure the privacy of our users.” said Corey Price, VP of Pornhub. He added “as decentralized payment systems continue to grow in popularity, cryptocurrencies are especially viable in the adult entertainment industry because they incorporate more anonymity tools than traditional tender.”
PumaPay, which has just come to limelight has partnered with a couple of platforms to help process their payments using its “PullPayment Protocol.”
Going forward, the platform should see a good number of the crypto community using the PumaPay cryptocurrency.