iCrowd Newswire
10 Aug 2022, 21:20 GMT+10
-News Direct- Plutus, the visa debit card offering 3-8% in crypto rewards, today announced its plans to dominate the United States (US) neo-banking sector.
Plutus is a London-based FinTech providing industry-leading crypto reward rates and 20+ Perks such as 100% back on Netflix, Spotify, and Prime. Its user base has experienced 20.4% Month-on-Month (MoM) growth due to the value customers get from its rewards programme.
Currently, Plutus is available in the United Kingdom (UK) and European Economic Area (EEA). In Q1 2023, Plutus will launch its finance 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 U.S. residents.
Danial Daychopan, CEO & Co-founder of Plutus, comments on the announcement:
"This is a major milestone. Soon, a population of 330m will be able to earn substantial amounts of crypto simply for living 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 U.S. neo-banking sector."
Andrew Siden, CEO at Prepaid Ventures, comments on the partnership:
"We are very excited to have been chosen by Plutus, an industry leader in the crypto distribution space. As both an innovator and a market leader, Plutus has carved out a considerable share of the crypto market. At PPV, we are perfectly built to support Plutus in bringing its solutions to the US and providing its customers with a dynamic and reliable platform customized 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 surplus of card orders, issuing 6-months' worth of card stock in less than 6 days and ultimately running out of card stock. Now, 50,000+ users are signed up on a waitlist until cards return in stock.
● Join United States waitlist: www.plutus.it/unitedstates-waitlist
● Join UK/EEA waitlist: https://dex.plutus.it/info/download-apps
For exclusive details, commentary, 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 select up to 8 in-app Perks
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 MAU to paid subscription tiers due to the value of its
rewards programme.
Plutus
View source version on newsdirect.com: https://newsdirect.com/news/plutus-card-to-launch-in-the-united-states-8-crypto-rewards-accessible-by-millions-261162913
Tags:News Direct, No PR
Get a daily dose of Houston Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Houston Mirror.
More InformationNEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
JERUSALEM, Israel: Israeli Prime Minister Benjamin Netanyahu says that Israel's success in the war with Iran could open the door to...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
BONN, Germany: Despite widespread belt-tightening across the United Nations, nearly 200 countries agreed this week to increase the...