Welcome back to our bi-monthly report, the team has been working incredibly hard and delivered on Plutus 2.0.
Pinned Announcements
- Access to features is available to team accounts and members of our Pilot Programme.
- Our site and a new app will be available to the wider public once the pilot ends, unveiling our new live features.
Plutus 2.0
For the official statement on our Plutus 2.0 website, please visit our Medium blog and read the brief release from our CEO here.
Development Update
Plutus 2.0 Unveiled
The tech team has been working tirelessly over the last fortnight and delivered on Plutus 2.0! The frontend and backend are connected, and the development team has squashed countless bugs to ensure the system functions properly.
The aim is to streamline as many processes as possible on the user’s end for a quick and easy user experience. Account set-up takes as little as two minutes and the KYC verification process is incredibly efficient.
Our feature set is available to staff accounts and members of our community who are part of the Pilot Programme to assess the robustness of our system. Once we have rigorously tested the platform, we will roll it out to the rest of the community and the wider public.
Database Upgrades
The tech team has also made further upgrades to our database management system in a production environment.
Marketing Update
Website Revealed
As part of Plutus 2.0, we are pleased to unveil our new and improved corporate website. The site breaks down some of our newer features and navigation is laid out simply. As mentioned earlier, full access is available to selected members of the community who are testing our services.
Brand Identity
The marketing team has updated all imagery across our social media platforms to match the Plutus 2.0 design overhaul. Consistency is a core element of strengthening a brand’s identity and one we aim to deliver on.
Events
The marketing team has made contact with the organisers of fintech events to demo our Plutus 2.0 platform and applied for award nominations to boost our presence within the industry. We have also collated a list of relevant events, podcasts, awards, etc. occurring throughout the year that will help in identifying potential marketing opportunities.
Delta Direct
We recently announced we are active on Blockfolio Signal, and we can now confirm our arrival to Delta Direct; a platform that connects us with existing and future community members. This is part of our continued effort to improve communications with our valued customers. Join us here.
General Update
Card Pilot Programme
The Plutus Test Cards preloaded with £25/€25 have been shipped to selected members of our community within the UK and Europe to test their functionality and robustness. A handful of early supporters have already received their test cards and are now providing us with valued feedback.
The feedback from these users has been overwhelmingly positive so far and the tech team are working efficiently to reconcile any errors found on the front end. We are rigorously testing all our partner’s card services endpoints and ensuring we map the responses to a state in our microservices so we have the appropriate, user-friendly and helpful error messages in place.
Errors are frustrating for any consumer, and they can be a make or break situation for any customer relationship. We are thoughtfully approaching our error messages to deliver useful and practical solutions when you experience such issues — user experience is incredibly important to us.
Test Card Scenarios
We are testing our cards in the real world across six major test categories…
- ATM withdrawal
- Contactless
- Chip & Pin
- POS
- E-commerce
- Card Settings (Freeze, Unblock, Suspend Card, etc.)
We can proudly report that most use cases have passed exceptionally smoothly with the exception of some minor reports in ‘Transaction Table’ and ‘Card Setting’ responses — the team is already working on fixing this.
Fact: The total money supply M2 in the UK alone is almost £2.5T, and it is down to the government and our banking institutions to control this supply.
Cryptocurrencies like Bitcoin replace the possibility of erroneous human decision making with maths, preventing the circulating supply from ever topping 21M coins. Plutus has built a crypto-fiat gateway known as the PlutusDEX that enables free movement of money between these two assets in a secure fashion.
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 our development and you can expect plenty more major updates to come. 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
- 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, 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.
Using our product, users will be able to spend at over 400 million merchants, both online and offline. 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) 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 our mainstream partners, or converted to cash using our services. Rewarding users for everyday shopping will inadvertently introduce regular consumers into the cryptocurrency ecosystem and encourage mass adoption.