Remember the time when swiping a piece of plastic to pay for your groceries seemed both crazy and fancy? Believe it or not, some of us still do! Today, paying with cryptos for everything sounds more or less like science fiction. The simple presence of the word "less" in the sentence says it all, because there are at least top 10 things people will be paying with cryptos for by 2020, eCommerce statistics suggest.
In the era of rising online technology and eCommerce, the payments industry simply had to roll with the flow. More and more merchants are beginning to accept cryptocurrencies as a means of exchange for their goods or services worldwide.
It was about time utility providers moved forward with this. Blockchain-based solutions like PumaPay open a whole new frontier when it comes to bill payments. Keep forgetting to pay your bills? Simply set up recurring monthly payments and allow service providers to automatically pull funds from your wallet, being sure that the amount will not exceed the value of your bill.
Subscriptions: from streaming media to gym membership and more
The next big payment types that cryptos provide a valid alternative to fiat money to are streaming media and gym membership subscriptions. In the exact same way that you set up your bill payments, you can choose to pay your favorite magazine, TV, Internet and gym membership subscriptions with PumaPay. No more fuss checking credit card statements. Next-generation blockchain technology makes transactions smooth and instant.
Dinner out and other quick payments
We all enjoy going out from time to time, don't we? Well, thanks to smart crypto payment protocols, you will soon be able to pay for your dining with cryptocurrencies. With PumaPay, for example, the payment will go through fast (as opposed to up to 1 hour with Bitcoin), while transaction fees will be close to zero and directly handled by the restaurant. Perfect for quick everyday payments!
With a simple scan of a QR code, you can pay for your dinner in a flash and even tip your waiter. Virtual money help you forget all about the fuss with credit cards: everything is done electronically and stored in your wallet. If you make sure to keep your private key safe out of malicious reach, your funds will be safe too in your virtual wallet, while your physical wallet will be getting thinner (in a good sense).
Need to pay a visit to your doctor to make sure you're in good health or need treatment? PumaPay makes things easy again. Instead of swiping your card to pay for your care, you present a QR code at the cash desk and you're good to go. With the technology capable of supporting restricted payments, insurance companies and medical service providers have multiple ways of streamlining their services and improving patients' experience.
Need to travel for work? Dreading the idea of filling in forms and claim travel expenses? Thanks to its pull-based protocol, PumaPay takes travel expenses to the crypto age. Not only will you be able to cover the cost of your travel tickets and hotel booking with PMA tokens, but also pay for your meals, taxi or local public transport trips. However, as we're talking about a business trip, your corporate PumaPay wallet will be restricted only to subsistence expenses such as the ones mentioned not to fancy spending like a disco or casino night.
This will save both you and your boss a lot of energy and time invested in sorting out bureaucratic issues.
Looking for a safe and reliable way to pay your affiliates for their efforts? Look no more, the blockchain has you covered. Building a strong affiliate network takes time and trust. When you're new in the market, no marketing guru will be too eager to start sharing your word with the world since they don't know you. That's again an area in which PumaPay really shines. Allowing merchants to set up a specific type of SplitPay contract, even small businesses with little to no marketing budget have the chance to share their story across their industry thanks to smart protocols like PumaPay.
Who would've thought that there would come a time when you'd be able to repay your loan with cryptocurrencies? Well, it's not SF anymore. More and more banks and governments are eager to explore the crypto power. Venezuela, for instance, has even launched its Petro as an alternative to fiat money and at the same time help beat corruption through the increased security it provides as a means of payment.
Rabobank, one of the Dutch leading banking institutions and prominent voice in the world of finance, is also tapping into crypto technology, having expressed its interest in launching its own cryptocurrency called Rabobit. So, if banks are looking into it, from here to paying loans with cryptocurrency is only one step.
By 2020, it looks like we will all rely on smart contracts and protocols designed to support split and installment-based payments such as PumaPay, and it won't be bad at all! Paying your mortgage will be as easy as 1, 2, 3.
We're all too familiar with the hurdles that tax payers and revenue department clerks go through at the end of every quarter. Well, because of blockchain technology, paying taxes will not be a messy business anymore. It's only a matter of time when people will start paying their taxes through smart contracts. With protocols like PumaPay, once the PullContract is approved, funds are automatically pulled from your wallet. Depending on your preset parameters, this may happen regularly.
Not only tax and loan payments will enter the cryptomoney world by 2020 but also, education. With cutting-edge protocols like PumaPay's PullProtocol, any student will be able to pay for their tuition in an online but also offline environment.
By simply setting up the best suitable type of PullContract, any institute or university can go crypto in a simple, fast and smart way.
Charities can take it up a notch by accepting crypto donations, and some of them already do. Yet, with the new-generation blockchain, it will become easier to donate small amounts in crypto, as transaction fees will no longer be a problem, and donors will be able to give more. If you have a favorite charity that you support regularly, setting up scheduled donation payments is an amazing way to keep it up with your social responsibility and continue making the world a better place.
Thanks for reading!
SOURCE: https://blog.pumapay.io/top-10-things-p ... s-by-2020/
PUBLISHED: 26 March 2018