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Author Topic: [2015-11-11] Plutus: Contactless Payments The Bitcoin Way  (Read 4380 times)
Proxiebuier
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November 12, 2015, 06:58:36 AM
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A new Bitcoin application is coming to the crypto-scene, and this concept is getting people pretty excited. We all want a world where we can spend our bitcoins, but there isn’t enough merchant acceptance. A new service called Plutus wants to change this problem by offering a digital currency platform that uses contactless technology through their wallet. The Plutus team says the service is easy saying:

“Simply deposit a small amount to your phone, and by the time you get to the store you will be able to spend it effortlessly.”   ~ Plutus



http://insidebitcoins.com/news/plutus-contactless-payments-the-bitcoin-way/35739
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RustyNomad
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November 12, 2015, 10:12:46 AM
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Quote
They use existing infrastructure that lets Bitcoiners take hold of the many locations offering Tap & Pay solutions.

So essentially every merchant out there with a Tap & Pay setup becomes a 'bitcoin accepting merchant' without them even knowing it. So its basically the same as paying with a bitcoin debit card where it does not matter whether the merchant accepts bitcoin or not as they get paid in fiat as for any other transaction. Maybe this is the way to go to drive mass adoption of bitcoin. Instead of trying to get all merchants onboard use their existing technology in this way so they all indirectly become bitcoin merchants.

Quote
The key difference between Circle Pays NFC and Plutus is it uses a decentralized exchange for the trading. The Plutus spokesperson claims: “Plutus mitigates counterparty risk, improves liquidity, and has numerous other benefits. We wanted to make sure that users did not have to rely on us as a middleman.” 

I like this idea of having the transactions go through a decentralised exchange. Not sure if I understand it correctly but this should mean that you should be able to get the 'best' exchange rate each time when a transaction is made.
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November 12, 2015, 10:58:22 AM
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I like this idea of having the transactions go through a decentralised exchange. Not sure if I understand it correctly but this should mean that you should be able to get the 'best' exchange rate each time when a transaction is made.

It's possible that they're selling the BTC through the Liquid sidechain, which I believe is up and running as of a few weeks now. That would satisfy the description of "decentralised exchange", and makes alot of sense seeing as Liquid can be the only credible working decentralised exchange right now.

If this idea delivers the promises, I'd be all over it. Go Plutus.

Vires in numeris
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November 12, 2015, 06:37:01 PM
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Quote
They use existing infrastructure that lets Bitcoiners take hold of the many locations offering Tap & Pay solutions.

So essentially every merchant out there with a Tap & Pay setup becomes a 'bitcoin accepting merchant' without them even knowing it. So its basically the same as paying with a bitcoin debit card where it does not matter whether the merchant accepts bitcoin or not as they get paid in fiat as for any other transaction. Maybe this is the way to go to drive mass adoption of bitcoin. Instead of trying to get all merchants onboard use their existing technology in this way so they all indirectly become bitcoin merchants.

Quote
The key difference between Circle Pays NFC and Plutus is it uses a decentralized exchange for the trading. The Plutus spokesperson claims: “Plutus mitigates counterparty risk, improves liquidity, and has numerous other benefits. We wanted to make sure that users did not have to rely on us as a middleman.”  

I like this idea of having the transactions go through a decentralised exchange. Not sure if I understand it correctly but this should mean that you should be able to get the 'best' exchange rate each time when a transaction is made.

I like this idea of having the transactions go through a decentralised exchange. Not sure if I understand it correctly but this should mean that you should be able to get the 'best' exchange rate each time when a transaction is made.

It's possible that they're selling the BTC through the Liquid sidechain, which I believe is up and running as of a few weeks now. That would satisfy the description of "decentralised exchange", and makes alot of sense seeing as Liquid can be the only credible working decentralised exchange right now.

If this idea delivers the promises, I'd be all over it. Go Plutus.

Hi Guys, You can visit our recent Q&A on reddit, here you will find some useful answers on Plutus. https://redd.it/3sabrd

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November 12, 2015, 06:51:40 PM
 #5

This looks interesting. Thanks for posting!  Smiley

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November 13, 2015, 01:54:56 PM
 #6

This looks interesting. Thanks for posting!  Smiley

Thanks indeed! This is absolutely brilliant. I have signed up for alpha, will report back. 
bamman
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June 10, 2016, 02:58:47 AM
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This looks interesting. Thanks for posting!  Smiley

Thanks indeed! This is absolutely brilliant. I have signed up for alpha, will report back. 

Are there any updates on Plutus yet?
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June 10, 2016, 11:52:34 AM
 #8

I await the inevitable regulatory pushback.

Better have all of those 'i's dotted.

fortitudinem multis - catenum regit omnia
PLUTUSit
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June 22, 2016, 01:53:23 PM
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I await the inevitable regulatory pushback.

Better have all of those 'i's dotted.

We absolutely do (we have a legal/compliance team with experience in this highly regulated industry), and we have even a former employee from VISA / BRAINTREE (paypal). Smiley

In other news: The Crowdsale has started http://getplutons.plutus.it
iambitcoin5
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June 23, 2016, 04:09:38 AM
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I await the inevitable regulatory pushback.

Better have all of those 'i's dotted.

We absolutely do (we have a legal/compliance team with experience in this highly regulated industry), and we have even a former employee from VISA / BRAINTREE (paypal). Smiley

In other news: The Crowdsale has started http://getplutons.plutus.it
Where's the official pre ann thread?

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September 06, 2016, 10:48:50 AM
 #11

I do not see his Plutus in a purse, some tokens. What should I do???
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October 21, 2016, 02:03:36 AM
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buy  plutons on etherdelta ethereum exchange.. https://etherdelta.github.io/#PLU- using chrome browser and metamask...
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October 21, 2016, 02:20:15 AM
 #13

plutons are now on bitsquare.io
Kaznachej123
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October 21, 2016, 07:01:45 PM
 #14

     The service will be different Plutus? PEY.de of service - The most modern method of payment in your favorite places. Your phone is your wallet. Digitizing your bills and coins. Become independent of your bank!   https://pey.de
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October 28, 2016, 04:03:49 PM
 #15

         Plutus Update — A Jump Forward Wink
   https://medium.com/@PlutusIT/plutus-update-a-jump-forward-aa38eef64b60#.wv9lfxm46
Kaznachej123
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November 13, 2016, 09:37:05 PM
 #16

Plutus is moving forward. Expect a PlutusDEX update in the near future. Here is our latest update thus far Wink
https://medium.com/@PlutusIT/plutus-update-a-jump-forward-aa38eef64b60#.tqexorcw4
Crypto Man
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November 13, 2016, 09:40:19 PM
 #17

Slingshot from Orbit — The Future Vision of Plutus.it
After spending time on evaluating the recent Ethereum updates to ensure safe creation and distribution of Plutons, we are proud to announce that Plutons will be distributed on Monday 5th September 2016.
https://medium.com/@PlutusIT/slingshot-from-orbit-the-future-vision-of-plutus-it-cf7b69f827ef#.q5sus04ec
forensick
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October 26, 2017, 05:23:14 PM
 #18

hello Plutus group, I am a holder for over half year. actually plutus is one of my few investments thats holding decently against the bitcoin. what are the plans for the future? when is the release of the product? marketing should be a very high priority as well since so few people know about this project.
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