Plutus
 | |
| Private | |
| ISIN | 🆔 |
| Industry | FinTech |
| Founded 📆 | 7th July, 2015 in London |
| Founder 👔 | Danial Daychopan |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | plutus |
| 📇 Address | |
| 📞 telephone | |
Plutus
Plutus[1] is a non-custodial, blockchain-based, digital finance platform based in London. Plutus will allow users to access and manage both crypto and fiat from one user interface, conveniently exchange between the two, and spend anywhere via a Plutus Debit Card or the mobile app. Plutus is currently in beta, with the full feature update due for release in 2019.
Plutus uses its own peer-to-peer decentralised technology known as the PlutusDEX to facilitate highly secure conversions between crypto and fiat[2]. Customers who spend using the service are rewarded up to 3% back in the form of Pluton (PLU), the company’s native utility token.
History
The London-based start-up was founded in 2015 by Danial Daychopan with the aim of incentivising and enabling practical day-to-day usage of digital currencies without having to wait for merchant adoption. Plutus was funded via a 9-day flash crowdfunding campaign that raised circa $1M USD.[3] Users are able to seamlessly convert the amount of cryptocurrency necessary for a purchase into regular currency and spend at over 400 million merchants using the existing payment infrastructure. Since then, the company has evolved into a complete money management application. Danial Daychopan’s most recent announcement states “Our team is thoughtfully developing a finance app with a blockchain-based rewards system that will inadvertently increase real-world adoption of cryptocurrencies. This is part of our contribution to the ecosystem in enabling mass adoption.”[4]
References
- ↑ "Plutus Homepage". Plutus.it.
- ↑ "What is the PlutusDEX and Why is it the Most Important Part of our Platform?". Medium. Plutus.
- ↑ "Plutus Raises 1 Million in Crowdsale". CCN.com.
- ↑ "Plutus - London Fintech Company Gives Customers a Financial Kick Back in Crypto". Digital Journal. Digital Journal.
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