Welcome back to our bi-monthly reporting, the Plutus team has unveiled some major developments and we are in the process of bringing these to life.
Pinned Announcements
- You can buy BTC, ETH & PLU on our BETA PlutusDEX platform with 0% fees.
- Our BETA Plutus Tap & Pay mobile app is available on Android and iOS. It lets you sell crypto for fiat and withdraw to your bank account via SEPA transfers.
- We have released our vision of Plutus 2.0, the upgrade will be arriving in Q1 2019.
Development Update
Cards
In order to accelerate the timeline of issuing cards, we have been diligently working with our universal card issuing partner to align our card designs within their technical tolerances. We are in agreement with the final card format and we are pleased with the current standings and delivery timeline.
Mobile Designs
We have redesigned the mobile on-boarding flow with the goal of moving a user as rapidly through the process as possible. The user story has been tested rigorously to build a seamless experience from login to payment.
Virtual Cards
The workflow for enabling virtual cards has been outlined and executed, they will be available on your account dashboard after we ship your physical card. Both physical and virtual cards are tied to your Plutus account, however, as an added security measure the fiat balance in your Plutus account is not tied to the balance in your debit card. You can manage your daily spending and transfer funds between your physical/virtual card and your current account directly from your Plutus app.
New Plutus 2.0 Landing Page
The average user spends just seconds on a webpage before clicking further or abandoning the site. Our new 2.0 web page will encourage users to quickly discover new features, evaluate pricing, set up accounts and trade crypto. Multi-language functionality is also a webpage feature we are looking to offer over the coming months.
Marketing Update
Implementing Weekly Plan
The marketing team prepared their weekly plan running up to the Plutus 2.0 upgrade and beyond. We are sticking to community-based organic marketing which includes company announcements via blogs, educational videos, social posts, content, company emails, press community events and more. This plan is well underway.
Press Networking
The team are also busy growing their press network by meeting with numerous journalist and leading finance publishers in order to provide premium coverage and awareness for our product upgrade. We have secured some exciting coverage and we believe this organic growth from genuinely impressive product developments is the key to long-term success.
Exchange
Pluton (PLU) is listed on third-party services such as Hitbtc, IDEX & other decentralised (ERC20) exchanges. If you would like to test our service, you can obtain Pluton from other users externally or from users of the Plutus platform using our built-in PlutusDEX.We are continuing our research into exchanges for our reward token that we believe bring fair benefits to the usage and customer adoption of our platform.
Plutus Vacancies
We are in the process of hiring for two new roles: Senior Frontend Developer and Head of Blockchain. We are seeking top-end talent to contribute to our platform in order to accommodate the progress being made. If you believe you have the skill set required to add value to our company or know of someone who does, then please refer to our applications listed here.
Plutus 2.0
Last week our CEO, Danial Daychopan, announced our future vision of the company. The approaching upgrade will transform Plutus into a next-generation finance platform that incorporates both fiat and crypto.
Users will be able to hold GBP/EUR in a Plutus current account and access their personal integrated cryptocurrency wallet from the same interface as opposed to only crypto deposits available on the current version. We are also converging our current services so that both buy and sell functionality is available on desktop and mobile. The ability to access and manage your crypto/fiat within a single app, and freely exchange between the two asset types, is a development that will bring simplicity to a tech-heavy market.
Danial, says, “Our team is thoughtfully developing a finance app with a blockchain-based rewards system that will inadvertently increase real-world adoption of cryptocurrencies. This is part of our contribution to the ecosystem in enabling mass adoption.”
Every time you makes a purchase using the card, you will receive up to 3% back in the form of Pluton (PLU), our native utility token. PLU can be sent to friends, redeemed for additional Plutus services and those offered by our mainstream partners, or converted from within the platform to fiat and added to your card balance. More on this will be revealed in the coming weeks.
To read the full announcement, head over to our CEO, Danial Daychopan’s most recent blog post above who shared the future vision for Plutus. If you have any questions on the upgrade please post them on our Reddit thread or join him and our other team members live, we will be hosting an AMA session, on Monday 25th at 2PM GMT.
Fact: Bitcoin has gone from 2 wallet addresses to nearly 32 million in just 10 years without any marketing.People are realising the true potential of cryptocurrencies. The app features we are developing alongside our blockchain-backed rewards will inadvertently increase real-world adoption of cryptocurrencies.
Social Reminder
As always, we would like to remind you of our various social media platforms. Our Medium page is the best place to stay up-to-date with company announcements, we have just unveiled our future vision for Plutus on there and we strongly advise you give it a read and follow. Join us here.
Our Telegram channel is a great place to get in direct contact with the team or community. You can find answers to FAQs, receive customer service help with our products, or hear the latest on our bounties or giveaways on there. Make sure you join us here.
We also stay active across a range of other social media channels. If you want to stay as informed as possible on Plutus, make sure you follow us across these.
About Plutus
For those looking to better understand Plutus, the company was founded in 2015 by CEO, Danial Daychopan, to overcome the lack of retail acceptance of cryptocurrencies. Our approach is to combine a decentralised exchange (PlutusDEX) with a payments system, this means users can convert the amount of crypto necessary for a purchase into fiat and then spend using the existing payment infrastructures.
We are now expanding our product features to become a complete finance platform that incorporates cryptocurrencies. Users will be able to access and manage both their fiat and crypto within one user-friendly app, convert between the two using the already built PlutusDEX, spend at over 400 million merchants, and earn blockchain-based tokens in the process.
Our mobile app is currently in BETA and you can already trade between BTC/ETH/PLU and EUR without any fees attached. The Plutus 2.0 upgrade is arriving in the coming months and will introduce the abundance of features described earlier in this report. You can sign up now to be in line for the next-generation finance platform here.