PumaPay has announced its partnership with Wix, the website creation and hosting platform. Based on the partnership, the PumaPay cryptocurrency (PMA) will become one of the payment options available on the platform.
Wix to Add PumaPay Cryptocurrency Payments
PumaPay, which is fast becoming a cryptocurrency payment staple in the adult entertainment industry, has added a new client, Wix. The announcement is yet another example of the ever-increasing utility of virtual currencies in several aspects of ecommerce. According to Venture beat, Wix users will soon have the option to pay for their website creation and hosting using PumaPay. Online merchants will also be able to take advantage of the cryptocurrency’s PullPayment Protocol as a billing method thus allowing them to accept PMA tokens on their Wix websites.
Commenting on the development, Yoav Dror, the CEO of PumaPay said:
All components of the PumaPay solution are being developed with our clients’ convenience in mind. We strive to make the integration process as smooth and easy as possible. PumaPay’s SDK and API are easy to integrate and very flexible, allowing the adopters to tailor the billing solution according to their unique needs.
There are still a few details that require hashing out before a full rollout of the Wix – PumaPay integration. One of the critical issues is the expected number of Wix users that will adopt the new cryptocurrency payment option. PumaPay, for its part, is developing a robust operating framework that can efficiently handle the anticipated transaction volume.
According to Dror:
We cannot provide any estimations with regards to the volume from Wix sites. We believe that such integration will create significant volume and are working hard to ensure the best possible efficiency of the PumaPay solution for all of our early adopters and their clients.
PumaPay, a Cyprus-based blockchain startup completed its ICO earlier in the year, raising $117 million in the process. The company’s PullPayment protocol provides a framework for instant microtransactions at reasonably low fees.
Apart from one-time transactions, PumaPay has its sights on becoming the de facto cryptocurrency for recurring payments of variable or fixed amounts as well as split payments, and pay-per-use among others.
According to Dror, the company is working on the release of an updated version of the PullPayment solution. This new version is expected to facilitate recurring payments on the Ethereum network.
What do you think about Wix accepting PumaPay cryptocurrency payments? Let us know your views in the comment section below.
Images courtesy of LeapRate.com, ShutterStock