Tech scene: Plaak

What?

Plaak utilises its proprietary Phaeton Blockchain technology to function as a secure digital wallet and facilitate instantaneous peer to peer transactions of Bitcoin, Ethereum, Ripple, Verge and other popular digital currencies. Plaak’s integration process streamlines the sign-up process, with automated ‘know your customer’ procedures and then secures the users’ assets with multiple levels of security, including biometrically.

Where?

Plaak can be accessed via plaak.com, however, for a more personalised experience, you can download the Plaak Pay and Plaak Exchange applications for free in the Android Play Store and on iTunes.

Who?

Plaak was co-founded in 2016 by Damian Robson and Chai Shepherd.

Quotation

“Plaak is building the foundations of a digital ecosystem in which everyone can easily and securely access to manage their digital assets and our digital transactions clear faster than traditional payment methods and any fees levied on merchants for use are less than those of Visa and Mastercard,” Damian Robson said.

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In February, Plaak released a proof of concept card that allows the card user to store their digital assets in a ‘cold storage’ (offline wallet) and the ability to use the card to make payment at a Plaak Pay retail merchant to purchase goods or services. The team at Plaak are finalising the final integration of the card and are keen to launch into the market in the second half of 2019.