Plutus Bi-Monthly Report — Refining Trading (May 2/2)
Welcome back to our bi-monthly report, the market has seen some exciting growth over the last month but the team remain focused on building an exceptional finance application.
Pinned Announcements
- Access to features is available to team accounts and members of our Pilot Programme.
- The aim of the Pilot is to gather feedback from our community in order to provide an improved platform for the wider audience.
- Our site and a new app will be available to the wider public once the pilot ends, unveiling our new live features.
Development Update
Crypto Buy/Sell
A large section of the development resources has been dedicated to refining the crypto buy/sell and crypto-to-card top-up features to make available for our Pilot users — we have included expandable trading graphs according to time frame and integrated our 3rd party wallets into the web application also. Some components are currently undergoing rigorous regression testing so it’s as robust as possible upon public rollout.
Mobile App
The tech team is currently in the second round of testing our sign-up, KYC, and financial features to deliver in the next update of our mobile app. We have resolved some validation bugs on the input email field and auto-focus on ‘view pin’ functionality.
We’re also adding some CSS micro-animations into our application to strengthen the user experience. We strongly believe that design is more than a point of aesthetic, but an attribute that greatly elevates usability and customer satisfaction.
Marketing Update
Award Applications
The marketing team has been scheduling meetings and interviews with web media and relevant FinTech awards that would highlight Plutus’ stance as an innovative FinTech company whilst generating helpful press coverage of our services. The ongoing discussions with event organisers have been promising and we look forward to inviting you to our busy calendar of events planned for this summer and beyond.
Coverage
This week, Plutus featured in an article on Hacked.com called “The Rise of Cryptocurrency Mobile Banking” linked here. Having released our Plutus 2.0 Web Pilot in March and now approaching the release of our latest mobile app version — the community can expect plenty more reputable press coverage.
Plutus Card Packaging and Mailer
The card design and how it’s packaged/delivered to you is very important to us as this is where the experience changes from digital to physical; it is important to us that we ensure convenience and a pleasant memory. The final concept is approved and it is now in the production pipeline to be delivered along with our cards to you in time.
Warning
Please remember to check the URL for phishing scams. We have recently been notified of a domain using the Plutus brand name to steal funds. We will never ask our users to send funds to any wallet or account, this is the only domain registered to our name — https://plutus.it
Fact: Miners are rewarded in Bitcoin for verifying transactions. Every four years the Bitcoin reward they receive is cut by 50% — an event known as ‘the halvening’. This is Satoshi’s way of introducing new Bitcoin to the ecosystem whilst tackling inflation. The next halvening is almost exactly one year away (May 2020), Bitcoin rewards will drop from 12.5 BTC per block to 6.25 BTC. Here is a great website to track the process — here
The Plutus team is passionate about cryptocurrencies and we are keen to deliver an exceptional product that offers genuine unique value to the crypto ecosystem. We have worked off a lean budget and remain fully regulatory compliant to ensure our longevity in a highly volatile market.
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 reached an exciting period of development and you can expect plenty of major updates in the coming weeks. Join us here.
Our Discord 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/giveaways on this channel. If you have any questions, make sure you reach out to our staff 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
Plutus will be a non-custodial finance application that incorporates digital currencies, this is a revolutionary development that has never been achieved before.
There are five elements that make Plutus 2.0 the ultimate finance app. You can…
- Access and manage your fiat
- Access and manage your crypto from the same interface
- Freely and securely exchange between the two asset types
- Spend anywhere via a Plutus Debit Card
- Earn blockchain-based tokens in the process
Users will be able to deposit GBP/EUR directly into their very own Plutus Current Account. We are also integrating a very well-known 3rd party decentralised wallet provider so you can access your cryptocurrencies from the same user interface. The ability to manage both asset types from a single app brings much-needed convenience and simplicity to a tech-heavy sector.
We are also integrating our PlutusDEX into the mobile app so users can buy and sell cryptocurrencies seamlessly without the security concerns. Plutus is non-custodial on the crypto side which means the users are always in complete control of their funds; any company hacks or downtime will have no impact on the users’ digital currencies.
Users will be able to spend at over 400 million merchants, both online and in-store, using a Plutus Debit Card. The integrated exchange means users can seamlessly convert the amount of crypto necessary for a payment into their native currency and spend in-store.
Those who deposit funds (fiat or crypto) to their card balance and spend will receive up to 3% back in the form of Pluton (PLU). PLU can be sent to friends on the blockchain, redeemed for additional premium services offered by Plutus, or converted to cash using our services. Rewarding users for everyday shopping on a debit card will inadvertently introduce regular consumers into the cryptocurrency ecosystem and encourage mass adoption.
