The Pluto Exchange App Lets Indians Trade Virtual Currencies
Rahul Kalvapalle — January 10, 2018 — Tech
References: plutoexchange.in & zeebiz
Indian company Pluto Exchange has announced the launch of a high-tech new mobile app that is designed to function as a one-stop cryptocurrency platform where Indians can safely and securely trade in Bitcoin as well as newer and upcoming cryptocurrencies.
What makes Pluto Exchange unique is the fact that it doesn't require users to make use of Bitcoin addresses to transfer cryptocurrency funds, a process which is severely prone to error because a simple copying mistake can result in the loss of funds forever. Rather, the Pluto Exchange app lets users make use of their cell phone numbers.
The Pluto Exchange cryptocurrency platform allows for classic trading as well as supply chain finance, remitting and B2B commerce, making it appealing to different sectors of the cryptocurrency ecosystem in India.
What makes Pluto Exchange unique is the fact that it doesn't require users to make use of Bitcoin addresses to transfer cryptocurrency funds, a process which is severely prone to error because a simple copying mistake can result in the loss of funds forever. Rather, the Pluto Exchange app lets users make use of their cell phone numbers.
The Pluto Exchange cryptocurrency platform allows for classic trading as well as supply chain finance, remitting and B2B commerce, making it appealing to different sectors of the cryptocurrency ecosystem in India.
Trend Themes
1. Cryptocurrency Trading Platform - Development of mobile apps like Pluto Exchange that provide a one-stop platform for secure cryptocurrency trading.
2. Eliminating Bitcoin Addresses - Innovation in cryptocurrency apps that replace the use of error-prone Bitcoin addresses with alternative identification methods.
3. Expansion of Cryptocurrency Ecosystem - Increased adoption of cryptocurrency platforms in various sectors of the Indian economy, such as supply chain finance, remittance, and B2B commerce.
Industry Implications
1. Finance - Disruptive innovation opportunities in developing secure and efficient cryptocurrency trading platforms for the finance industry.
2. Technology - Opportunities for disruptive innovation in creating alternative identification methods to enhance security in cryptocurrency applications.
3. E-commerce - Cryptocurrency platforms like Pluto Exchange can disrupt the e-commerce industry by enabling secure and seamless B2B commerce.
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