LONDON, Aug. 10, 2022 (GLOBE NEWSWIRE) — Plutus is a London-based FinTech that offers industry leading crypto reward rates and 20+ benefits like 100% back on Netflix, Spotify and Prime. The user base has experienced 20.4% month-on-month (MoM) growth due to the value customers receive from the rewards program.
Currently, Plutus is available in the United Kingdom (UK) and the European Economic Area (EEA). In Q1 2023, Plutus will launch its financial app and card in the United States (US), the largest crypto market in the world.
Plutus has partnered with Prepaid Ventures (PPV), one of the leading debit card solutions in the US, to issue its Plutus-branded Visa debit cards to US residents.
Commenting on the announcement, Danial Daychopan, CEO and co-founder:
“This is an important milestone. Soon a population of 330 million will be able to earn significant amounts of crypto just to live their lives to the fullest! We know there is a huge demand for our services and we have full intentions to become a dominant player in the US new banking sector.”
Andrew Siden, CEO of Prepaid Ventures, comments on the partnership:
“We are very pleased to have been selected by Plutus, an industry leader in crypto distribution. As both an innovator and a market leader, Plutus has carved out a significant share of the crypto market. At PPV, we are perfectly built to support Plutus in bringing its solutions to the US and provide customers with a dynamic and reliable platform tailored to match Plutus’ offering in the EU.”
“Our missions are well aligned and we look forward to a successful partnership with the Plutus team.”
Plutus recently experienced a huge glut of card orders, issuing 6 months of cards in less than 6 days and eventually running out of cards. Now 50,000+ users are registered on a waiting list until the cards are back in stock.
For exclusive details, comments or interviews, contact [email protected]
About Plutus
Founded in 2015, Plutus disrupted the rewards card industry by creating the world’s first crypto rewards token, Pluton (PLU).
Customers earn 3-8% crypto rewards on all purchases and choose up to 8 perks in the app, such as 100% back on Netflix, Spotify and Prime – rewards come in the form of PLU. An accompanying bank-like app allows users to track their rewards and fiat balances.
Plutus has converted 47% of MAUs to paid subscription tiers due to the value of the rewards program.
Website: Plutus.it
Email: [email protected]
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Image 1: Plutus card
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