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Author Topic: [2016-05-01] IBT: Ethereum and Bitcoin payment provider Plutus announces...  (Read 333 times)
pawel7777
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May 01, 2016, 10:31:39 AM
 #1


Ethereum and Bitcoin payment provider Plutus announces crowd sale

http://www.ibtimes.co.uk/ethereum-bitcoin-payment-provider-plutus-announces-token-crowd-sale-1557525

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Plutus, the mobile payments app that combines Bitcoin and Ethereum, is to hold a crowd sale of its Pluton tokens. The startup has also released a white paper and welcomed some executive talent to the team formerly of PayPal, Visa and Morgan Stanley.

The Plutus white paper states: "Plutus Mobile Application enables a user to make contactless Bitcoin payments at any merchant with a Near Field Communication (NFC) enabled checkout terminal [...] Ethereum allows Plutus to deploy smart contracts to enable secure, peer-to-peer (P2P) exchange of fiat currency and Bitcoin, with the added benefit of automatic escrow. Using these methods, the Plutus Decentralized Exchange Network (PlutusDEX) of traders convert Bitcoin deposits into a prepaid debit balance that is valid at any contactless point-of-sale (POS) terminal."

A blog post about the crowd sale said: "Plutons are digital tokens issued to users on the Ethereum blockchain. Plutons can be distantly compared with cashback points or frequent flier miles programs.
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May 01, 2016, 07:41:36 PM
 #2

Oh good, another buzzword-laden PR piece masquerading as "news".

I'm sure their tokenized-frequent-flier-whatever-discount-coupon-thingamajigs will be really popular with ... someone .. maybe old blue-hairs playing bingo?

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