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 thatPlutons will be distributed on Monday 5th September 2016. Plutons will be created on the Ethereum blockchain and distributed to user’s payout addresses saved on theiraccountsor directly to the address they used for theEthertransaction. We are also planning to announce that in the coming months, Plutus.it is going to expand with new team members — on the board of management as well as our development team.

Meanwhile, Plutus has been featured extensively in media and our newsletter lists are growing. You can read up on recent press coverage onYahoo! News,CNBCand countlessothermentions. Our communications team is currently handling further outreach in the media, as well as interviews. You can listen to our latest interview on theCrypto News podcast, we have several others in the progress, and many more events and meetups to come. New Features in the Future Our subscribers and supporters have been asking what is coming next, and which new features we are considering to launch in the coming years?

What new developments will be considered in the future? Let’s take a look. When the PlutusDEX launches,our high-speed API will offer the opportunity for users as well as other exchanges to plug in liquidity into the PlutusDEX at 0% trading fees right away. This means that unlike ‘closed gardens’, we will not have to worry about liquidity on the DEX. This is a big one — in the future users will also be able to make online debit card payments using Plutus. To introduce people into the bitcoin, ethereum and blockchain ecosystem, we will offer users the option to charge their payment balance with fiat as well.

This may introduce people to crypto that may have otherwise not have used it. Thanks to our upcoming trading API, and the open-source nature of smart contracts, we welcome and encourage any development on top of our PlutusDEX layer. Our team will be looking into options to decentralize KYC (with concepts such asuPort), and other options to further automate business logic and other processes.

Even though the only fee that Plutus charges is a deposit fee for bitcoin and ethereum users, as our platform grows, we will look into any available options to lower these user fees even further either through strategic partnerships or the aforementioned automation of business logic. Plutus will launch with native support for GBP, EUR, USD, and then CNY. In the future, we will add as many other currencies as possible, provided that adequate demand exists. Plutus Tap & Pay aims to go global, and creating content and communities in other languages is an important part of this.

We are looking into options to offer Plutus on (modular) smart-watches and more. But this concept is extremely new, and will not be explored for a long time. And if Apple decides to open their NFC capability to developers as well, we will begin working on iOS integration as well. Merchants may be interested to hear that customers using contactless payments tip a lot more! Interesting facts for consumers and potential growth of use for Plutons using contactless payments.

From 2015 to 2016, yearly Tap & Pay transactions increased from an average of 1 Billion to 3 Billion.As such, it appears that contactless payments are finally experiencing the immense growth that has been promised and predicted in the past by both research and rumor. If everything goes as planned, over 70% of point of sale terminals worldwide will be capable of NFC! In closing, this suggests that we have jumped on the contactless train at exactly the right time, will see a lot more innovation in this space in all directions, and that there will be an incredible amount of places available to use Plutus Tap & Pay in the future.