Chicago, IL: Today, Fluttercoin electronic currency announced their 2014 development roadmap. Plans to implement selective anonymous transactions integrated within the Fluttercoin wallet are currently nearing completion, with beta testing to begin with the early July client update.
In addition, by late Q4, Fluttercoin plans to integrate a shopping and merchant portal allowing customers to purchase products directly without the need for 3rd party payment gateways, ensuring the customer and the merchant a faster and simple shopping experience.
Planned features of the marketplace include a merchant affordable Point of Sale (POS) scanning system and wallet extensions to allow brick and mortar merchants to easily accept Fluttercoins as payment. Development of the POS system is targeted for Q2 2015.
Fluttercoin also plans to release a Facebook wallet, SMS wallet, and an iOS optimized online wallet for the Apple market to add to its roster of wallets currently available on Windows, Linux, OSX, Twitter, Web, and Android which are now available.
Though there has been much debate over the need for anonymous transactions, the Fluttercoin team feels it is a necessity to prevent theft via targeted attacks on individuals, and abuse of block chain paper trail by banks, criminals and corporations.
One of the worries is that in the future, these entities will track addresses used for payment, which combined with any known personal data obtained via sale or customer record, will allow them to watch transactional activity allowing a new avenue for targeted advertising, spam, or even theft.
By default, all transactions are traceable, and the recipient of a transaction must generate and provide an anonymous address in order for the sender to initiate an anonymous transaction. An anonymous transaction cannot be initiated unless the recipient is willing – which should calm the fears of governments and those worried that anonymous transactions could be used for money laundering and criminal activity.
One of the problems with shopping with electronic currency is the slowness with which transactions are closed. Fluttercoin seeks to make the shopping experience seamless, integrating a shopping and merchant portal with a modified version of the Fluttercoin wallet, allowing customers to shop and pay for items with just a few clicks, eliminating the need for manually sending coins to a generated merchant address. Included in the merchant portal will be the ability to exchange Fluttercoins for Bitcoins.
With the addition of the POS system, it will extend Fluttercoin’s reach into brick and mortar business, which is said the ultimate goal for any currency.
Released in March 2014, Fluttercoin is the only electronic currency with coin-back rewards for send and receiving via the innovative Proof-of-Transaction protocol. Fluttercoin will have a final coin supply of roughly 200 million coins, and allows adopters to earn coins via Proof-of-Work mining, Proof-of-Stake minting, and Proof-of-Transaction coin- back rewards.