PumaPay moves from Ethereum to Binance Smart Chain, the first payment service to do so

PumaPay - a cryptocurrency payment solution - has announced that its latest version (v3.0) moves its operations from Ethereum to Binance Smart Chain. The move is the first crypto payment solution to do so. The company cites soaring gas fees and a slow block processing rate a some of the reasons its services have become untenable on the Ethereum network. Binance claims it maintains the high throughput of the Binance Chain while introducing smart contracts into its ecosystem. It supports cross-chain transfers and allows for the creation of 'pegged coins'