PumaPay, a blockchain payments system that provides an open-source “free-of-charge blockchain-based protocol” that decentralizes the transaction process, announced on Tuesday the integration of its billing solution with the NATS platform.
According to PumaPay, the PumaPay PullPayment Protocol is based upon a “unique, smart contract architecture,” which reportedly means that customers can authorize merchants to withdraw or ‘pull’ funds from their account, based on pre-approved terms. This pull mechanism is the defining feature of the PullPayment Protocol.
“Our solution allows Merchants to set up their typical billing models in the Business Console, and in doing so allows Customers to pay in PMA via the PumaPay wallet, utilizing the crypto currency of their choice, for everyday items in ways they are already familiar with. It’s a simple, seamless process for both Merchant and Customer.”
Speaking about the integration, PumaPay CEO, Yoav Dror, stated:
“To be integrated with NATS is another momentous achievement over and above our Roadmap promises. Our aim is to set the standard in the global arena of adult entertainment. With major Clients, including Pornhub, Gamma Entertainment, LiveJasmine, ImLive.com, Mr. Skin, and Nubiles.Net, – along with a whole host of leading Adult Entertainment partners, our NATS integration with Too Much Media is a key part of our long-term strategy. In an industry accustomed to high fees and chargebacks, delivering a cost-effective payment alternative, which at the same time retains familiar billing methods including recurring payments and trial periods, is an industry, game-changer.”
Dror went on to add:
“Our payment solution adds very real, tangible value to the Adult Entertainment industry and beyond.”