Welcome back to our bi-monthly reporting, we have made some great progress over the last fortnight and hired some talented individuals to help build the future of finance applications.
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 aim for a complete product overhaul including the card release to be completed in the coming weeks.
Development Update
Connectivity
The tech team has now established additional connectivity with our payment solutions provider to expand our currency set, adding functionality for GBP. This is a major development.
KYC Integration
Our KYC integration is complete and going through internal testing for Plutus 2.0, this includes watchlist filtering support and completed functionality to order a new card. These features are now in quality assurance.
Product
The product team is designing the integrated 3rd party wallet user interface which will enable users to interact with their cryptocurrency holdings via our application. We’re also designing a new transaction table where we can merge account and card transactions in a way that is intuitive for users. This includes updating the design for transferring funds and adding funds to account and card.
Mobile Development
We have switched from using native languages to the React Native framework for the mobile application build. We are reconfiguring and including all reusable components, these are re-designed to meet our brand guidelines.
Analytics
We have built our Plutus 2.0 analytics stack which will provide seamless product feedback loops, this will allow us to deliver constant improvements to our platform.
Marketing Update
Card Packaging
We have partnered with a leading packaging provider in order to deliver a premium service with packages that will house your very own Plutus Debit Card. We want to ensure a great user experience whilst remaining conscientious over our environmental footprint and brand ethos. We have explored all the available options and we are currently testing our favourite designs; we look forward to sharing our packaged Plutus Debit Card with you soon.
YouTubers
The marketing team is looking to build relationships with key crypto brands that have attained credible reputations within the sector. We have opened discussions and performed background checks on a select number of YouTube influencers who possess a strong following of users that match our target demographic. We believe some honest reviews of our platform will greatly elevate awareness in the run-up to our Plutus 2.0 upgrade.
Press Event Planning
The team are preparing for their high-end press event for the release of our mobile application. This will be an invite-only event with tier-one press attending. We are planning the luxury press bag to give to our guests with Plutus branded gifts inside to encourage attendance and organic press coverage.
AMA
Last week, Plutus held an AMA session to answer all your questions on the upcoming Plutus 2.0 release. We would like to thank everyone who joined us, this was a great opportunity to interact with the community and we hope you found it productive. Below is a link to the thread where this commenced, if you have any other questions that were not covered during the session, please reach out on our Telegram channel here.
New Hires
Plutus has made a series of new hires that we believe will elevate the development of our platform. As you may know, we believe a strong team to be one of the fundamentals of building a professional and successful product and we are very selective of our applicants as a result.
Baris Cicek has joined us as a Senior Backend Developer with an MSc in Computer Engineering and over 10 years of professional experience as a software developer. Baris has a wealth of expertise within his field and has helped build complex marketplaces in the past; we believe his skills will be invaluable to our team.
Lyubomir Budakov has joined us as our new Mobile App Developer. He has a bachelor’s degree in Telecommunications Engineering from the Technical University of Sofia and he has gained extensive experience as a professional software developer over the last six years from both frontend and backend perspective. Lyubo has focused his efforts on mobile app development for the last three years which will prove helpful for our cause.
Ivaylo Ivanov has also joined us to empower the QA team. He comes with five years of professional software testing and quality assurance experience with a focus on mobile and web applications. Ivaylo will improve the quality of our software releases, strengthen the CI/CD pipeline and help squash bugs.
Aleksandr Promakh joined Plutus with 6 years of web development experience, combining frontend and backend development. Aleksandr has a strong mathematical background and a BSc degree from the Ural Federal University in Computer Engineering. He often contributes to open source projects and he has delivered code for world-renowned brands such as Yandex.
We are more than pleased with the successful candidates and we are keen to see what a fresh perspective can bring to the table. Plutus has hit an exciting period in development and our Plutus 2.0 upgrade will be arriving very soon.
David Morrison who is well-respected amongst the team and community has also been promoted to Community Manager, he will be at the forefront of communications with the public. If you have any questions relating to our products, services or announcements; you can reach out to David on our Telegram channel here.
Fact: 2018 saw a 95% increase in contactless payments in comparison to the year prior.
We are integrating digital currencies into everyday living practices. The ability to access and manage both crypto and fiat from the same user interface, freely exchange between the two, and spend at over 400 million merchants using NFC technology is revolutionary. There is not a single player on the market who is achieving this in a non-custodial and secure manner like Plutus.
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 the 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 is becoming a completely 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 or through mobile payments
- 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, both buy and sell functionality will now be available from the same device. This means you can seamlessly trade between crypto and fiat without the security concerns. Plutus is completely non-custodial which means the user is always in complete control of their funds; any company hacks or downtime will have no impact on the users’ assets.
Users will be able to spend at over 400 million merchants, both online and offline, 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 top up their their spending balance will receive up to 3% back in rewards in the form of Pluton (PLU). PLU is the first decentralised loyalty rewards token which means users can send them to friends, redeem them for additional premium services offered by Plutus and our partners, or convert them into cash and spend using our services.