LIMASSOL — PumaPay has integrated its blockchain-based recurring payment system with the NATS platform.
According to the company, PumaPay’s PullPayment Protocol is based upon a unique, smart contract architecture, so 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.
The new solution enables 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 cryptocurrency of their choice, for everyday items in ways they are already familiar with, for a simple, seamless process for both merchants and customers.
“To be integrated with NATS is another momentous achievement over-and-above our roadmap promises,” said PumaPay CEO Yoav Dror. “Our aim is to set the standard in the global arena of adult entertainment. With major clients including Pornhub, Gamma Entertainment, LiveJasmin, 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. Our payment solution adds very real, tangible value to the adult entertainment industry and beyond,” Dror explained.
“The PumaPay NATS integration is a significant milestone for the NATS platform [as] this is the first time we have integrated a recurring crypto billing solution,” John M., Too Much Media’s sales and marketing director, noted. “We reaffirm our commitment to being at the forefront of the industry’s needs. The PullPayment Protocol offers an exciting opportunity for businesses to expand their global reach.”
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