Plutus is a new crypto app in the industry that has been working secretly on solving the problems in the industry and brings crypto closer to the masses without the needs of a bank. In our blockchain news today we find out more about the app.
The new crypto app Plutus was founded by an experienced team with more than 40 years of combined experience in the field. The platform aims to become one of the largest crypto players in the upcoming year. Plutus allows the members to exchange, manage spend and earn assets with only one application. The CEO and founder of Plutus Danial Daychopan explained:
“In 2015, we were the first to announce our plans to bridge the gap between crypto and fiat in the real world. After much anticipation, we have now developed a technology that is better than a Bank.’’
The app enables users to create an account in just a few minutes with a sort code and account number or a simple European IBAN depending where you live. The users will also have to sign up on their website which is a very simple process compared to visiting a bank and completing the long formalities. This can be done from anywhere in the EU area in less than two minutes. The users can deposit money into this account and spend them as they wish.
The app members can attach their own crypto wallets to their accounts and manage their assets from the same interface. This provides a non-custodial way of managing crypto and fiat in one place. the application also includes a built-in peer to peer exchange that can convert cryptocurrencies and fiat so the users can convert and choose from pairs include Bitcoin, Ethereum and Pluton. Spending crypto is always a challenge but with the Plutus Debit Card, members can convert their tokens into fiat and spend it online or in physical shops. The card is accepted at more than 400 million merchants who help to integrate crypto into the everyday payments.
The new crypto app provides up to 3 percent of every purchase back as a reward in the PLU token. Pluton is a loyalty token that is based on the Ethereum blockchain so this means that as long as you use the card, you will receive more rewards.
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