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Plutus Weekly Report — October 10th 2018

Welcome to the Plutus Weekly Report on the 10th of October.

Curious to find out what it’s like for cryptocurrencies to have practical, useable value in the real world?

Head over to and download the Plutus Tap & Pay for Android or iOS.

New to crypto, and looking to buy Pluton, Bitcoin, or Ethereum?

Choose the safest way to buy cryptocurrencies, and take our decentralised exchange for a test drive:

What makes Plutus unique?

Plutus has learned from the past mistakes of other cryptocurrency services, namely the mantra: “If you store your coins on an exchange, they aren’t YOUR coins.

This is why Plutus is quite possibly the only crypto-fiat and fiat-crypto gateway where your cryptocurrency balance is NEVER stored on any exchange or centralised server.

Instead, all coins travel directly to the user’s cryptocurrency address (or your own address, depending on whether you are buying or selling cryptocurrencies).

At the same time, our handling of fiat deposits is managed by 3rd parties (and is directly tied to a blockchain-based verification mechanism).

This makes events like the “Mt.Gox Disaster” impossible by design, because there are no user cryptocurrency balances whatsoever.

Note: To boost the security of your assets, we recommend you purchase a hardware wallet such as Ledger or Trezor.

Several of our users have inquired about the legal status of Pluton (PLU) and how this affects the future of Plutus.

Quick summary: We have confirmation from our legal counsel that Plutus is best defined as a utility token, loyalty point, and in-app reward that exists for use inside the Plutus ecosystem.

For more information, please see our brand new dedicated blog on this matter:

You can currently buy Pluton on the PlutusDEX from other users as outlined in our white paper. However, as a community initiative, and to speed up the process, you can utilise the social media by posting and tagging any of the top three cryptocurrency exchanges, along with @Plutusit, #PLU and #Cryptoanywhere.

Our CEO and founder Danial Daychopan will be speaking at the BusinessCloud RoundTable today.

What will Brexit mean for London’s tech sector?”

This event brings together a panel of industry leaders who will share their insight into how London’s tech sector can survive and ultimately thrive in a post-Brexit economy.

Speakers include representatives from Barclays, MarketOrders, KPMG, Wavelet, and more. Take a look:

Currently, our development workload is running at nearly above full capacity, as we are under pressure to deliver a polished and stable ecosystem.

  • Implemented authorisation middleware/handling for cards
  • Updated our continuous integration process
  • Documenting and clarifying challenges regarding card API
  • Added new screens: Login, T&C, passcode, forgot password, onboarding and more.
  • Fixed several issues with order matching on the PlutusDEX.
  • Resolved inconsistencies with the blockchain tracker.
  • Integrating graph-based data queries
  • Preparing optimised designs for the newly released iPhone models.

Plutus is active on Telegram

The channel “Plutus” serves as an introduction for new members, a place for community and customer support, as well as new updates. To ensure the best experience for onboarding new users, this channel has a rather strict content policy. If you have any questions, or difficulties using the app, this is where to go:

Need to know what happens when it happens? Make sure you follow our Medium blog. All updates will be posted on Medium before anywhere else.

If you have any questions or need help, please reach out to us on our Telegram support channel. Our team will be glad to assist you.

Also make sure to take a look at our new Medium publication where you will find all Plutus evergreen content:

Bonus Content:

Because we are committed to supporting decentralised alternatives to mainstream applications, we have now set up a new SteemIT page: (Steemit is a social media platform where you can earn and reward tradeable tokens for posting and commenting on content)





A Finance app that offers banking features combined with a non-custodial wallet. Earn 3% of every debit card purchase back in crypto (PLU).

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