Bitcoin Startup Plutus Raises $1 Million in a Crowdsale

Bitcoin Startup Plutus Raises $1 Million in a Crowdsale

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

In just nine days, the mobile Bitcoin wallet, UK-based Plutus, has raised more than $1 million in a flash crowdsale, allowing the company to complete their platform and make the Bitcoin Tap Pay application a reality.

In a bid to make paying with bitcoins simpler, the Near Field Communications (NFC) firm has connected with the blockchain technology with pre-existing debit infrastructure permitting customers to pay for items as they would with Apple Pay.

The only difference being that users use Bitcoin and Ethereum to make payments through Ethereum smart contracts.

Plutus’s aim is to make using Bitcoin easy, simply by holding a device over any business’s NFC reader to complete their purchase. Not only that, but the company is rewarding users who use the app with tokens that can be used to buy ‘any in-store purchases.’ These tokens, known as Plutons, can be used like Bitcoin and Ethereum, except that they are reported to offer zero-fee transactions.

Also read: An Interview with the Makers of Plutus, a Payment App for the Bitcoin Adopter

Additionally, Plutus will control liquidity provided by

Read more ... source: TheBitcoinNews

News from Darknet


Read previous post:
Bitcoin Price Technical Analysis for 07/14/2016 – New Uptrend Forming?

Bitcoin Price Key Highlights Bitcoin price underwent additional volatility and sold off yesterday but it appears to be testing another...