Welcome back to our bi-monthly reporting, the team is working tirelessly to deliver the ultimate finance application and we are excited to be nearing the final stages of development.
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
Onboarding
The tech team has expanded, and we have familiarised the new employees with our products, services and processes. We are happy with the newly acquired applicants and they have already proven worthy hires.
Integration of Financial Management Systems
Plutus possess two finance partners which strengthens our available options and provides us with more flexibility than other crypto start-ups within the payments industry. The tech team has implemented multi-currency in dev environment and integrated both systems under the hood.
Backend & Infrastructure
The tech team has been working on database management and updated our system to meet our current stable release. We are using the same established database engine we used in Plutus 1.0, however, the software’s latest release has seen significant performance improvements. With this in mind, we have mixed an upgrade and migration into our Plutus 2.0 preparation process and now have dev and UAT environments upgraded.
PlutusDEX UI Improvements
Our development team has worked on improvements to our UI of the trading platform where one can buy, sell and top up their card balance directly with fiat or crypto by proxy. The UI for topping up one’s card with crypto will be more intuitive for users in our Plutus 2.0 release.
Marketing Update
Card Designs
Our card layout has been approved and we are now in the final stretch of production and packaging discussions. We are in the process of ensuring availability of card ordering shortly after the upcoming Plutus 2.0 release. We are currently piloting our cards internally, and with select users on our Telegram; there are more details on this later in the report.
Our Waiting List Is Open
We have opened the floodgates to our Plutus Debit Card waiting list. Just submit your email address on our corporate homepage to ensure you are first in line for any news regarding our Plutus Debit Card services. You can sign up here.
PR Progress
We have secured various editorial coverage in leading crypto and fintech publications in line with our upcoming announcements. We are continuing to speak with other tier-one press outlets regarding our progress to ensure as much visibility as possible during this critical period. Our international calendar of PR activities kicks off over the coming weeks so stay tuned for our latest article features.
Speaker Events
The marketing team has also actively been speaking with various finance and blockchain event companies regarding speaker slots for both our CEO, and to announce our new product features. Stay tuned as we have a busy calendar this year already.
New Platforms
Plutus is now on Blockfolio Signal! We are improving our communications with you, the community, so you can instantly discover the latest news about our next-generation finance platform. To find out the latest updates and exciting announcements directly from our C-suite team, join us here.
Plutus has also joined Discord, a free and secure chat channel available on both mobile and web. We have divided the platform into useful categories and sub-channels to make it easier for our users. Make sure you join us here.
New Hires
We are continuing to expand our highly reputable development team. Plutus 2.0 will not be the end of our development as we have plenty more milestones in the pipeline we aim to achieve. With this in mind, we have recruited three more software developers who excel within their field to help us across the final stretch and into the next chapters of product development.
Tomas Rastenis has taken the Senior Frontend Developer role at Plutus. He has delivered visually demanding and responsive products for big-name brands in the past and has implemented connection to the single Euro payment area using the Bank of Lithuania as a gateway. With over five years of software development experience, Tomas is a great addition to the team.
Edvards Kazlouski has joined Plutus with the role of Frontend Developer. He has delivered multiple frontend customer solutions including a shopping app and systems for both vulnerability management and talent acquisition. Edvards graduated from Belarusian State University, Faculty of Applied Mathematics and Computer Science, and possesses more than five years of web development experience that will greatly benefit the Plutus team.
Daniel Witkowski joins us as a Senior DevOps Engineer with almost eight years of industry experience behind him. Daniel graduated from the University of Applied Informatics and BTM Management in Warsaw and worked as an IT administrator for numerous years before joining an advanced software R&D company.
General News
Test Card Pilot
The Plutus staff will be testing our Plutus Pilot Cards next week to ensure they are robust enough for our community; the team will run various scenarios across six subcategories and adjust the build accordingly if necessary.
We are rolling out a small batch of cards to selective community members for further verification. You can join our Telegram channel for more info on applying.
KPI Development
We have slowly and carefully selected team KPIs and we are now putting in place a data pipeline infrastructure that we can use to generate monthly reports for the senior managers to analyse. This will help us determine if the actions we are taking on a daily basis are moving us towards our business goals, and also enables a thorough assessment of our products and services. Compliance and Customer Service KPIs are locked down and implemented; Marketing and Product & Operations KPIs are next on the list.
Listings
Awareness of Plutus is growing, and our utility token (PLU) has been listed on various websites, wallets and exchanges over the last fortnight.
- Pluton is now available on Atomic Wallet, a universal multi-asset wallet with a built-in decentralised exchange.
- Pluton has been verified on Blockspot.io, a blockchain data platform that can be used to track and analyse our native utility token.
- You can now trade PLU/BTC and PLU/ETH pairings on CoinExchange.io.
May we remind you to look out for phishing scams when using any platform or services that refer to Plutus. Security is of paramount importance to us and we will always ensure our users and their assets are safe. Please conduct your own due diligence for instances outside of our control when using any third party services, these are not partners of Plutus and they have added PLU due to its decentralised nature and use cases provided by Plutus.
Fact: The decentralised nature of Bitcoin means it cannot be banned, only regulated.
The UK Treasury Committee is investigating ways to regulate cryptocurrencies. Plutus has taken every precautious possible since its inception to ensure we are 100% regulatory compliant in every area. Regulations could heavily impact a large number of crypto start-ups, however, our foresight into such trends will ensure our longevity in the 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 recently unveiled our future vision for Plutus, and we have plenty more exciting news 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 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.
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 deposit funds (fiat or crypto) to their card balance 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 on a debit card will inadvertently introduce regular consumers into the cryptocurrency ecosystem and encourage mass adoption.