PumaPay, a blockchain payments system that provides an open source “free-of-charge blockchain-based protocol” that decentralizes the transaction process, announced on Wednesday it has teamed up with Total Processing to enable businesses to accept cryptocurrency payments.
According to PumaPay, Total Processing aims to help businesses avoid the many complex and unnecessary problems in payment processing, making cryptocurrency transactions as seamless and secure as possible PumaPay also reported that its PullPayment Protocol aims to provide flexibility of crypto payments in day-to-day transactions by enabling multiple payment scenarios and all the familiar billing methodologies used with credit cards.
“By building its own ecosystem, including the development of a Business Console and PumaPay Pride, a marketing hub for all businesses to promote their products, PumaPay’s solution is striving to become a viable crypto payment system tailored for all businesses and individuals worldwide.”
Speaking about the collaboration, PumaPay CEO, Yoav Dror, stated:
“Our goal is to decentralize traditional financial transactions by developing an innovative solution that takes into consideration the new financial landscape that is currently being remolded through blockchain technology. PumaPay’s progressive solution to cryptopayments has been developed to meet the daily needs of any business globally. Total Processing’s decision to adopt our protocol, is an important step towards what we envision as the wider adoption and use of our solution by a growing number of companies.”
Managing Director of Total Processing, Alexander Leigh, added:
“Total Processing has committed to adopt PumaPay’s cryptopayment and billing protocol and enhance its offering by enabling businesses to smoothly accept cryptocurrencies from their clients. This will give us a competitive edge and help us reach a wider customer base.”