Ethereum and Bitcoin payment provider Plutus announces crowd salehttp://www.ibtimes.co.uk/ethereum-bitcoin-payment-provider-plutus-announces-token-crowd-sale-1557525Plutus, 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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