DeStream.io Adopts PumaPay Cryptocurrency Billing Protocol
Limassol, Cyprus, October 3: Ambitious crypto project DeStream.io adopts PumaPay cryptocurrency billing protocol and the PMA token as one of its means of payment. DeStream.io is a decentralized global platform that aims to serve as the main connection point for streamers and viewers. According to the website, the platform will help maximize “the productivity of streamers, diversify their activities and secure start-up capital”.
Promoting a holistic approach to streaming services and blockchain technology, DeStream.io was developed to provide an infrastructure that simplifies the process of content creation and help streamers engage with their target audience, while conducting financial transactions in a secure way.
Low commissions and the multiple entertainment options that viewers can enjoy make DeStream.io the platform of choice for streamers and online content consumers worldwide. To create a “multifunctional financial ecosystem”, the platform uses Stratis fork with modified consensus according to the multifaceted purposes it serves.
Currently DeStream is working hard with streamer and viewer communities to ensure a good client base. The MVP is being actively developed as well, the structure of the platform is fully prepared and the user journey is effectively predetermined, the last updates on the platform can be checked right on our Github.
Moreover, the project has launched its own cryptocurrency – DST – which will serve as a means of payment for the platform’s services alongside the PumaPay (PMA) token. Attracted by the flexibility of the PullPayment Protocol put forward by PumaPay, DeStream management decided to adopt the cryptocurrency billing solution and encourage its streamers to include it among their payment options.
Facilitating a “pull” action on the blockchain for the first time, the PullPayment Protocol supports a wide range of billing practices such as recurring payments, pay-per-view (ideal for streaming services), shared and restricted transaction types that were not possible with cryptocurrencies before.
Set on a path to disrupt everyday payments, PumaPay boasts an ecosystem of over 70 global brands from different industries including streaming media, payments, financial trading, web hosting and technology. Those include Wix, Fashion TV, Pornhub, Rent24, and CCBill, to name a few.
“Partnering with DeStream.io makes our solution and token available to streamers and advertisers worldwide. The number of global streaming service users and influencers is growing, and these leaders will soon have an opportunity to accept PMA payments for their services. Having DeStream.io as an Early Adopter brings us closer to our goal of turning the PumaPay token into a de facto means of payment”, said Yoav Dror, PumaPay CEO.
“And the biggest problem is the high interest rates on the payments. The centralized systems today take a minimum 1% in fees, plus additional fees in the platform and in the end streamers lose up to 30% from the amount they get. We’ll to solve this problem.”, said Tachat Igityan, DeStream.io Founder.
DeStream have a revolutionary new concept. Their business model stands apart from other sites that offer services to video streamers. DeStream have harnessed the power of the blockchain to create a financial ecosystem that brings extra revenue and security.
DeStream is an add-on service to streaming services such as Twitch and YouTube, that has aspirations to become an indispensable resource for streamers. They are in the process of building and developing an impressive infrastructure that simplifies content creation and allows for greater interaction with viewers.
PumaPay offers an open-source, blockchain-based protocol that decentralizes a whole layer of transaction processing services. The comprehensive and flexible protocol allows adopters to process transactions using nearly all the familiar billing methodologies and combines the best of traditional methods (credit cards) and blockchain-based solutions.