Plutus Bi-Monthly Report — Card Production (Jun 1/2)
Tags: Fintech, Cryptocurrency, Blockchain, Bitcoin, Report

Welcome back to our bi-monthly report, the team has made some great progress in recent weeks and hit several internal milestones.

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

Crypto Buy/Sell

The tech team demonstrated the new and improved PlutusDEX internally last week and it received overwhelmingly positive responses. We have designed an incredibly intuitive trading platform with a slick frontend interface that even technical newbies will be able to use.

We are currently testing the crypto buy/sell feature internally and we will shortly be rolling it out to our pilot programme users. The team are excited to reveal the progress that’s been made.

Marketing Update

Award Nominations

Plutus has received two nominations for the PayTech Awards 2019, which strengthens our position as a truly innovative brand within the finance sector. Nominations include ‘Best Consumer Payments Initiative’ and ‘Top Paytech Innovation’. You can view the rest of the categories and nominations here. The results will be announced on July 5th.

Press Announcement Schedule

The marketing team has put together a schedule of potential press announcements to release over the coming weeks and first drafts of several announcements have already been written up. With the product quickly coming together, the team can begin to unveil partnerships, new features, marketing and more.

USP’s

The marketing team has been evaluating our messaging in order to clarify our unique selling proposition (USP). We have identified several features that are yet to be achieved by anyone else and we aim to engrain these in the minds of consumers. Most prominently, that Plutus is the most secure crypto finance app in the world.

Discord Rewards

Our Discord channel has quickly become the central hub for all Plutus related discussions. We have ordered and received several Plutus-branded prizes to give away to active members of our Discord community at the end of each month. Our first winner was announced this week, join us here and engage in conversations for a chance to win.

General Update

Card Production & Packaging

The Plutus Debit Cards are officially in production! All elements have been confirmed (design, layout, weight, etc.) and we are now awaiting the manufacturers to deliver.

The card packaging and mailer have also been finalised and the team are now negotiating prices before entering development.

PLU Rewards

The team has been discussing ways to add further utility to PLU so users can get the most out of their earned rewards. After considering all eventualities including costs, longevity, PLU price, scalability and more, the team identified an appropriate solution.

The team are in discussions with a 3rd party rewards partner and we are preparing for front-end integration; the backend functionality of our Rebate Programme is ready.

Enhanced Due Diligence

Plutus is in the planning phase of implementing an enhanced due diligence process where applicable, such as dealing with Politically Exposed Persons (PEPs). Our long-term plan is to automate the process as much as possible and ensure its user-friendly as well as highly secure.

We have the procedures in place but upgrading the system to combine automated processes and manual oversight will offer the best user experience from a compliance perspective.