PumaPay — credit cards are consigned to the dustbin of history?

It’s hard to surprise people in 2018. Especially when it comes to another transaction protocol. People are waiting for something brand new, which would provide visible advantages over the existing systems like SWIFT, would be faster, safer and more profitable than bitcoin-transactions. Many things tried to fill the vacant position - ZCash, Monero and even the decentralized Ripple, but this position is still vacant and waiting for the new leader.
Credit cards and other mediation tools create a range of problems. You can’t quickly and cheaply transfer any amount of money all over the world. Commission often is too big making the payment unfavorable. So the brand new decentralized billing system is needed, which would be independent of states, corporations and circumstances.
Due to the development of protocol for the direct debit in circumvention of operators, PumaPay developers will help the purchasers and salesmen get the tangible savings.
ICO is finished at the moment and the developer raised the necessary amount – a little more than 117 million dollars. It’s the amazing result given what we started the review with. The project app is available for downloading on the mobile platforms Android and iOS.

Promises and reality

Authors think that plastic cards failed to get things done and it’s time to consign them to the dustbin of history. Altogether, cryptocurrencies proved that they could offer the same thing, but faster, better and cheaper. Let’s remember the story about the 99 million dollars LTC-payment, which was sent in a few minutes with the 40-cent commission. In other words, the described benefits aren’t a fiction, they can be implemented on the basis of Ethereum blockchain.
There is a lot of possibilities, but the key ones are the choice of the billing type, simple acceptance of cryptocurrencies to make a payment without the banks and services, which are servicing the credit and debit cards. The user gets the opportunity to make the regular payments, to draw an invoice regarding the payment for goods and services. Payment after the actual use is also possible. Mediation services «steal» up to 15% of the transaction amount from you. It’s definitely not normal and PumaPay is aimed to fight with it.
Goals:

• Decentralization;
• Standardization;
• Help in the creation of independent payment platforms;
• Increase of the use of cryptocurrency as a means of payment.

Generally, there's nothing new, however, busimessmen somehow believed in it and gave their money. So what’s the secret of success? Most significantly, it’s PullContract – new decision on the basis of smart-contracts. They provide anonymity, which neither banks, nor the systems like Webmoney can provide. It’s impossible to get the information about you and track the money that is being sent. It’s exactly this nuance, because of which Ripple didn’t make it. People don’t want anybody to know what they do with their money.
There was another nuance – performance of one of the project founders in Macau.

The presentation attracted a lot of potential clients and investors. The founder starkly illustrated the cons of existing payment systems and explained how his company is planning to solve these problems. And he was convincing as judged by total amount of fundraising.

Audience’s reaction to the performance in Macau:

Summarizing

The project already has its clients and partners. They provided the word-of-mouth effect. If this tendency remains and millions of potential users find out about the new decision, any scenario is possible, up to becoming global.
Finally there is not another «killer» of bitcoin or SWIFT, but well-thought-out and optimized payment service without the 24-hour waiting for the transaction and unbearable commission payments.

The site and all the documentation can be found at the links below:
Site | Whitepaper | Telegram | ANN Thread | Twitter

Links to my accounts:
/ Telegram / Bitcointalk /