Plutus Bi-Monthly Report — Fiat Withdrawal (Aug 1/2)
Tags: Blockchain, Report, Bitcoin, Cryptocurrency, Fintech

Welcome back to our bi-monthly report, over the last fortnight we have seen huge improvements to both our mobile app, and the weather. Having tackled several obstacles, the team’s sentiment is high.

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

Mobile — Fiat Withdrawal

The tech team has successfully completed ‘fiat withdrawal’ functionality which will be rolled out to the pilot programme users prior to public release. This function enables users to withdraw funds from the platform to any external bank account in the UK and EU, as long as that account is owned by the user.

Cryptocurrency can be notoriously difficult to exit from, frequently involving multiple transaction fees and wait times. We have streamlined this process and greatly increased the liquidity of our users’ personal funds.

Mobile — Transitions

Having gathered feedback from our pilot users, the team are now exploring alternative state transitions that offer a more user-friendly experience. The task has been listed but we are prioritising other functional requirements before working towards this objective.

Marketing Update

12-Week Social Timeline

The marketing team has mapped out the next three months of social activity, placing extra attention on Twitter and Instagram. Social posts will be centred around relevant dates on our calendar.

Website Script

The team are continuing work on the content and design of our website, specifically the sub-pages that are yet to be updated to our new royal blue palette. We recently completed the copy for the ‘About Us’ section which details what we do, our values, and customer testimonials; this is currently in the design phase.

Card

Our card packaging, and mailers, are both in the warehouse awaiting the completion of our Plutus Debit Cards. We have been reliably informed that card delivery is imminent, and we will update you upon their arrival. We have also received some additional bonus items to include in the post.

General Update

Compliance Training

There is still a great deal of uncertainty as to how regulation will unfold within the cryptocurrency sector and we plan to be ahead of the curve in every possible area to guarantee our longevity in the market. The Plutus team has embarked on training modules surrounding AML, Risk-Assessment, Anti-Corruption, Anti-Fraud, and more. Our team of professionals will be vigilantly trained as part of our dedication to regulation and compliance.

Compliance AML

Continuing on with our mission, we are planning to integrate a renowned Crypto AML provider who will increase our enhanced due diligence and evidence-based compliance procedures to ensure we are compliant when dealing with cryptocurrencies.

Rewards Phase 2

Over the last month, the team has been researching a vast number of potential reward partners for phase 2 of our programme. We have narrowed down the selection, and Plutus is now in further discussions with a small handful of suppliers; the team are happy with the options and their rewards. More will be revealed once we have confirmed a supplier and developed a concrete understanding of implementation.