Adult Industry Payment Processor PumaPay Pulls in USD 117 Million in Token Sale

Cyprus-based blockchain agency Decentralized Imaginative and prescient has introduced, on Tuesday, a increase of USD 117 million in a personal token sale for its PumaPay transaction processor, which has gained important recognition in the grownup leisure enterprise.

In response to an announcement, the PumaPay community has signed up 40 companions that are producing over USD 10 billion value of transactions every year and 30 of those names are in the grownup sector, together with Vivid Leisure, ImLive and AEBN.

The token sale ended on Monday producing a complete provide of 78,042,956,829 PMA tokens, the corporate mentioned.

PumaPay says its PullPayment Protocol was created with the mission of bringing crypto funds into day by day life. The system reverses the mechanisms of a transaction, enabling retailers to ‘pull’ crypto funds from their clients’ account, avoiding the drawbacks of present banking programs, corresponding to excessive transaction prices and the insecurity of chargebacks or reverse transactions.

The corporate mentioned its protocol helps cost practices which have, to-date, been unattainable on the blockchain, together with recurring funds with mounted and variable quantities, pay-per-use transactions and restricted and cut up funds. This permits retailers to run their companies the way in which they’re used to with bank cards, mentioned the corporate.

PumaPay’s CEO, Yoav Dror mentioned, in an announcement, “This nice achievement will assist us end the event of our PullPayment Protocol, PumaPay wallets, the PumaPay Delight, and different revolutionary parts to attain our imaginative and prescient and values. It offers us the useful resource to develop our ecosystem, bringing [in] extra firms to adapt the protocol at this early stage. I wish to thank all our contributors for his or her belief and help. It’s also an ideal honor to have so many firms to have dedicated to adapt the Protocol from the onset, introducing PMA as a cost methodology and creating a robust basis for the PumaPay economic system.”

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