Bitcoin Startup Plutus Raises $1 Million in a Crowdsale

In just nine days, the mobile Bitcoin wallet, UK-based Plutus, has raised more than $1 million in a flash crowdsale, allowing the company to complete their platform and make the Bitcoin Tap Pay application a reality.

In a bid to make paying with bitcoins simpler, the Near Field Communications (NFC) firm has connected with the blockchain technology with pre-existing debit infrastructure permitting customers to pay for items as they would with Apple Pay.

The only difference being that users use Bitcoin and Ethereum to make payments through Ethereum smart contracts.

Plutus’s aim is to make using Bitcoin easy, simply by holding a device over any business’s NFC reader to complete their purchase. Not only that, but the company is rewarding users who use the app with tokens that can be used to buy ‘any in-store purchases.’ These tokens, known as Plutons, can be used like Bitcoin and Ethereum, except that they are reported to offer zero-fee transactions.