NICOSIA, Cyprus – PumaPay, an emerging cryptocurrency which counts among its early partners several major adult entertainment companies, has ended its private sale after raising over $117 million and the generation of 78,042,956,829 PMA tokens, PumaPay parent company Decentralized Vision announced this week.
“Today is the historic day for PumaPay as we have wrapped up the Private Sale and can announce that PumaPay has raised the total amount of $117,019,041,” PumaPay CEO Yoav Dror said in a statement to the PumaPay community on Monday. “No words can describe the team’s and my personal gratitude for your support and faith in the project. Our contributors have given life to the PumaPay project, enabling us to develop the PullPayment Protocol at the full scale. We are also grateful for the support of our Launch Partner and Early Adopters who represent the processing volume of over $10 Billion/year.”
Dror added that all contributors “will start receiving their tokens soon.”
“Stay tuned for announcements regarding the wallets compatible with PMA,” Dror said. “We hope that soon PMA will be coming to top cryptocurrency exchanges and you, PumaPay community, will be the first to know all the news.”
Adult entertainment and adult industry-connected companies which have been announced as PumaPay partners include AEBN, VIVID, Mr. Skin, Gamma Entertainment, ImLive, Loaded Cash and payment processor CCBill.
According to Decentralized Vision, the PullPayment Protocol referenced in Dror’s message is a key element which differentiates PumaPay from other cryptocurrencies on the market.
“PumaPay innovates by reversing the mechanism of traditional crypto transactions,” the company stated in a recent blog post describing PullPayment. “Instead of the Customer pushing funds to the Merchant, the pull protocol places the Merchant at the forefront, requiring that a pull be initiated by the Merchant, which directly targets the Client’s wallet and, if the Client’s parameters are met, the transaction goes through within seconds.”
Decentralized Vision asserts that the PullPayment innovation “facilitates standard payment practices that were never possible before on the blockchain, such as pay-per-use, restricted, recurring, shared, and instalment-based payments.”
If the amount of funds raised in its private sale, along with the size and scope of PumaPay’s early adopters on the merchant side of the ledger are any indication, the new cryptocurrency’s pitch is proving to be an effective one.
“This will help us finish the development of our PullPayment Protocol, PumaPay wallets, the PumaPay Pride, and other innovative components to achieve our vision and values,” Dror said of the millions raised and tokens created during the private sale, in an interview with VentureBeat. “It gives us the resources to expand our ecosystem, bringing more companies to adapt the protocol at this early stage. It is also a great honor so many companies have committed to adapting the protocol from the onset, introducing PMA as a payment method and creating a strong foundation for the PumaPay economy.”
