Plutus is an advanced Bitcoin wallet which allows users to use Bitcoin to spend money at merchants that don’t accept Bitcoin. Users can make everyday payments through the Plutus mobile application using NFC (near-field communication) technology at a 3% - 4% fee. The Bitcoin is instantly converted to the required fiat currency using a peer-to-peer exchange built on the Ethereum network. The exchange of value is truly peer-to-peer by connecting users to traders on a Decentralized Exchange Network, in which users essentially send the Bitcoin to a trader who then sends the fiat equivalent to the merchant.
Plutons (PLU) are the Ethereum tokens that users can receive as reward each time they use Plutus to spend at a merchant, and users can then spend Plutons to make zero-fee payments.