Let's not forget that Plutus had a full functioning range of services in the past, including a Plutus Debit Card. These were cancelled due to red tape out of our control. Now, however, the team are dedicated to forming the right partnerships and staying on the correct side of compliance 100% of the time.

We released a version of the Plutus application late last year (without debit card functionality) and have collated all the user feedback we received from users at the time. Now, we're creating Plutus 2.0 with the feedback we've received. It's the next step in financial applications - bringing crypto and fiat together in a smooth, instant, and efficient manner. We can't wait to share with you what we have produced!

The Plutus Pilot Scheme is entering it's final phases very soon. We have almost completed internal testing of DEX functionality and hope to hand this functionality over to our testers by the beginning of next week.

Following our final phase of testing, and the completion of an internal audit, we'll be opening the Plutus gates for citizens of the UK and EEA 

Hey Wekkel, that's awesome news. Your previous balance will be reinstated and you'll get to use the DEX right away  Excited to hear your feedback!

Welcome back to our bi-monthly report, the team has made some monumental progress over the last few weeks and this will be one of the last reports we release before entering the go-live window.

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

DEX Version 2.0
Over the last fortnight, the team has successfully deployed DEX Version 2.0 to production, tested it internally, and released it to our pilot programme users. We are currently taking live feedback from our dedicated test users to smoothen out any remaining minor bugs.

The update includes ETH and PLU trading pairs using MetaMask for an incredibly simple user experience. The tech team has also encompassed crypto transaction monitoring so users can track both their fiat and crypto transaction history on the web application.

Both Plutus web and mobile is almost ready for public rollout. Over the next few weeks, we will be going through our final compliance audits with our banking partner to assess if our product meets all the necessary compliance and feature requirements. Plutus is fully ready and the devs hard work is soon to be appreciated by the wider crypto community.

Mobile App
To help integrate the Plutus Debit Card into more users’ payment flows, we are pleased to let you know that our card will be available on two popular mobile payment platforms (i.e. Google Pay and Samsung Pay). This will empower users to unleash their cryptocurrencies true potential and make everyday purchases on watches, tablets, and more tech devices.

Marketing Update

Website Design
The design team has created the first drafts of two sub-pages for our corporate website. This includes an ‘About us’ page which summarises our services and values for new visitors, and a ‘Card’ page which goes into detail on what is unique about our debit cards.

Card Arrival
The first batch of slick Plutus Debit Cards arrived at the warehouse and the team got to see the physical cards in the flesh for the first time. This marks a monumental milestone in the development of Plutus; from concept, to design, to a fully functioning Plutus Debit Card tied to a seamless backend banking system.

Zage Blockchain Report
Plutus and our Head of Marketing, Peter Panayi, featured in Zage Blockchain Report last week, sharing his thoughts on Real World Applications of Blockchain Technology. You can read more on his educated insights here.


Fact: In 2017, ICO’s raised a little more than $10Bn. 2018 saw a slight increase totalling $11.4Bn. According to the website DeadCoins, more than 1735 coins have been reported as deceased, hacked, parodies, or scams.

Plutus remains one of the few startups who were funded via a token sale with a very conservative budget of circa. $1M. Unlike alternatives start-ups, Plutus strives for longevity by vigilantly monitoring burn rate and budget allocation.


Join us on Discord and read the full update on our Medium page.

Plutus and our Head of Marketing, Peter Panayi, recently featured in Zage Blockchain Report where he discusses the Real-World Applications of Blockchain Technology.

You can read more about his educated insights here

'Final Steps' is very good to read

Hey Doulon, I've addressed this issue above. Can you please send me a private message on BTCTalk when possible so we can open up some communications via email. We've got an exciting opportunity for you. Thanks a mil!

It seems this setting is set by default as the same issue presents itself when I try and send a message to you. I've adjusted my settings now so you should be able to PM me. Thanks!

As you may know, last Thursday Plutus underwent an internal audit undertaken by one of our partners.

The official results of the audit should arrive sometime soon. Following this, the team will be posting an announcement regarding the next steps we will be undertaking on the Plutus journey.

Everybody here is more than excited to be preparing to open the Plutus gates throughout the UK and EEA.

#Cryptoanywhere

Welcome back to our monthly report, Plutus has received some exciting results and the team are looking forward to releasing our high-quality finance app better than a challenger bank.

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

Implementing Small Details
The team has implemented a number of small changes including download functionality of our T&C and Privacy Policies in PDF form as required by law; we have also changed our email workflow so users can update their email addresses and subsequently authenticate it with minimal effort. The team has polished up a number of small detailed tasks that needed to be resolved before public release.

Back Office
The team has upgraded user management features so our back-office can allow the Compliance team to monitor and suspend users when they are suspected of foul play or suspicious activity. As a highly compliance-oriented company, we are ensuring the team say vigilant about any potential malicious activity.
The developers have also strengthened our back-office dashboard which will greatly empower us to manage and monitor the business’s overall health and security.

Marketing Update

Notification Emails
The team has created an informative design for our automated emails to reduce any potential pain points for the end-user; this includes all system notifications, product notifications, and KYC related emails. The development team is currently implementing these to our back-end systems.

Website Design
We have developed new sub-pages with an interactive design for our corporate website; this includes the About, Accounts, Card and PlutusDEX pages. These will be implemented this month so newcomers can rapidly educate themselves on our product offerings and fees.

Video Progress
We are creating how-to videos and developed several informative videos to guide you through the user journey. These will become available periodically alongside the upcoming expansion of our Early-Bird user group.

General Update

Audit
The most important event of the month has been the final audit with our banking provider to take an in-depth analysis of our systems and processes; this ranged from the services we deliver to our customer support approach, and most importantly the vigorous testing of our platform's security.

We have now successfully reached a historic milestone for the company which marks the beginning of our journey. Plutus can now release our web and mobile platforms to the public and issue slick Plutus Debit Cards.

Clarifying Fees & Limits
We have ensured our costs are more competitive than alternative crypto finance apps on the market in order to increase our appeal to the wider community.

The team will be offering two different account types:

1) A basic version for less committed customers — this comes with tighter limits and a very modest exchange fee.
2) A premium version for higher usage customers — for a small subscription fee, users can gain access to unlimited and fee-less conversions whilst experiencing a wealth of other ‘members’ benefits.

Plan of Action
Rather than open the floodgates all at once, we have implemented hard limits on the number of users who can use our app which will increase incrementally. This is to help manage demand, guarantee our servers can handle the load, and help learn from our Early-Bird users the next courses of action.

Anyone who downloads the app after we have reached our temporary user-threshold will be placed in a queuing system and receive full access very shortly after. Keep an eye on our social channels to secure your place.


Fact: The world’s fastest supercomputer, Summit, costs $200M, and the high-tech machine is capable of making 200 million billion calculations every second. Despite this, media reports have shown Bitcoin to be more powerful than the top 500 supercomputers combined.

Although the Bitcoin network is incredibly secure, many cryptocurrency companies aren’t, and this results in countless thefts and attacks. We have designed our systems to be as decentralised as possible so users can enjoy the wealth of benefits cryptocurrencies offer without the associated security concerns.


Join us on Discord and read the full update on our Medium page.