Plutus, the Tap Pay contactless cryptocurrency payment solution provider has successfully raised over $1 million in less than 10 days. The London-based startup working in the fintech sector attracted over a thousand investors within 9 days of launching its crowdfunding campaign.
During the same period, the company has also got more than 4500 members signing up as early adopters. Plutus Tap Pay is a much-awaited product that is expected to enable payments over NFC-based PoS terminals using Bitcoin and Ether. The product has received widespread media coverage and is listed among the most anticipated cryptocurrency products.
Powered by the PlutusDEX platform, Plutus Tap Pay solution will soon be made available for Android-powered mobile devices. The PlutusDEX is a decentralized digital currency exchange that funds the virtual wallet/debit card of the users, enabling them to pay for the goods and services in fiat. The PlutusDEX will enable traders to buy Bitcoin or Ethereum from the users. The user, before making payments over conventional fiat based PoS terminals should convert their bitcoin into fiat. This is done by sending the digital currency to a Plutus wallet address mentioned in their application. Once the trader receives the transferred digital currency, equivalent funds