Plutus combines Bitcoin and Ethereum to push contactless paymentshttp://www.ibtimes.co.uk/plutus-combines-bitcoin-ethereum-push-contactless-payments-1542463Bitcoin payments app Plutus provides tap and pay at contactless payment terminals, including Transport for London, using Ethereum smart contracts and a decentralised rewards scheme.
All bitcoin deposits are made prior to the point of sale to avoid the waiting time required for confirmations. A deposit is converted to a virtual debit card on the app, registered on an exchange platform (PlutusDEX) running on the Ethereum blockchain.
Danial daychpan, CEO, Pultus told IBTimes: "Anywhere you find an NFC-enabled terminal, you will be able to pay using your bitcoin app. Plutus targets contactless payments for convenient daily purchases such as groceries, paying bills, tickets for public transport and much more by simply using an app which is powered by a decentralised exchange running by Ethereum smart contracts."
The app's tokens, Plutons, are awarded as a rebate for bitcoin conversions, which can go towards the next purchase like cash back or air miles on an old fashioned credit card.
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