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PlutusDEX Enables Users to Trade BTC/ETH, Converting Them to Fiat and Spending

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Thu, 09/20/2018 - 13:09
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Cover image via U.Today

On Thursday, Plutus, a crypto company based in London, made news about its big expansion, adding BTC and ETH to their P2P exchange (DEX) and launching it in beta. Now customers can easily purchase electronic coins, besides, they can use the Tap & Pay app linked to PlutusDEX to buy anything around the world by means of an NFC terminal.

PlutusDEX boosting

The Plutus company now cooperates with SEPA, integrating the new payment technology within Europe. This enables its customers to change crypto into fiat money, Euros or pounds sterling, within an instant and pay for any purchases. Besides, they can make a profit on these trades through buying and selling BTC and ETH.

Plutus CEO Danial Daychopan has publicly expressed his excitement at the progress that both the DEX and the mobile app are making, emphasizing that the company’s goal is to make it convenient for users to trade and spend crypto, converting them to Euros and GBP.

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PlutusDEX beta trials

While the beta program is underway, PlutusDEX clients will be freed of commission for purchasing crypto coins. Later on, a system of fees will be implemented.

The company has recently integrated with the Single Euro Payments Area (SEPA), this is a new system of cross-border bank Euro payments. It has already spread around over 30 countries and is being embraced by major banks in the European Union. Now it will assist PlutusDEX clients in trading, converting and spending their crypto.

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European Union and Its Issues With Blockchain, GDPR, and Its Own Cryptocurrency - READ MORE

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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