Despite the year’s end approaching, efforts are on the rise to deliver an unrivalled service; the team have navigated a few obstacles this week and successfully managed to stay on track. Here is our weekly report summarising the events that have occurred…
This week the Development Team has improved the session management functionality of our PlutusDEX web version. The changes are currently in quality assurance and will be rolled out later this week to production.
We urgently updated our infrastructure after information in the news revealed vulnerabilities in the event-stream package.
The team added health check functionality to our microservices in clusters and were also updated to a new and improved format that is more scalable which will help ensure the service runs properly.
Development progress with our new providers for the Plutus card integration is moving quickly and the team is already able to pass the whole flow from the backend perspective in sandbox.
This week the Marketing Team have signed up for FinTech Connect, the UK’s largest fintech conference and trade show. This will be a great opportunity to gain insight into innovative financial products and to network with leading figures in the space.
The team has also engaged in a range of research activities into both economic and cryptocurrency trends. On top of this, we have investigated social media tracking products to help better understand our higher performing activities and areas of improvement, such as our weekly update, entering the new year we hope to have a fresh layout that makes our content more visually appealing to readers.
We are continuing to add evergreen content to our Plutus Publications page and want to provide insightful content to the community that helps establish our position as opinion leaders in the field. Read our latest addition here.
We would like to remind you that from now on, our Plutus reporting will be released on a bi-monthly basis. You can expect our next and final Plutus report of the year to be available by 19th December.
We still remain the only crypto payments company to reveal such regular and detailed commentary on the behind-the-scenes work. We also believe that going bi-monthly will help document more concise and insightful reporting on our company as at times some parts of the development take longer than a single week to formulate or implement.
We want to be as transparent as possible but also deliver acutely accurate information.
Over the last couple of months, the team have been sourcing the addition of a new Product Owner. Plutus always strives to hire only the best employees for the project in order to deliver excellence. With this in mind, we are happy to announce our latest hire, Minyi Soon.
Minyi has a diverse background across asset management, blockchain, product and tech. She has previously worked as an investment analyst within Legacy Financial Services, with a focus on research, asset allocation and trading. She then transitioned into building both VC and non-VC products.
She carries experience building tech products at various stages of growth, across multiple sectors, with an intense focus on aligning behavioural data and design with business goals.
Her last role was Senior Product Owner at London-based Crypto Digital Asset Exchange, BlockexMarkets, where she was responsible for building their blockchain-based tokenization product and user acquisition.
Her first foray into bitcoin was in February 2014 when it was just £203, making her an early adopter in the field by today’s standards.
She graduated with an Economics degree and is an alumni of the Blockchain Strategy Programme at Oxford University. We are excited to have her on board and look forward to the progress we can make with her added contributions.
As always, we would like to remind you of our various social media channels. Be sure to follow us on each one to stay fully up-to-date on the Plutus project.
Our Telegram is the best way to get in direct contact with our staff or community. If you have any questions relating to the project, this is the best place to ask them. The group discusses project developments, FAQs, important topics and crypto giveaways (there is a strong chance that you could win €200 worth of PLU just for participating in our channel). Join us here.
For more detailed breakdowns of our project developments, visit our Plutus Medium page. We regularly discuss the company challenges, advances and noteworthy events experienced by the team. Take a look here.
It’s also worth checking out our other platforms…
For the first time readers, here is a brief explanation of how our project works and why we believe it is so revolutionary.
The aim is to be the most secure and reliable cryptocurrency payments platform globally. This will be achieved by combining a payments system with a decentralized exchange.
Before an in-store purchase is made, the users’ cryptocurrency holdings are converted into spendable fiat through our peer-to-peer exchange known as the PlutusDEX. The user can convert only the amount of crypto necessary for a purchase and pay via a Plutus debit card or mobile ‘Plutus Tap & Pay’ app. This overcomes the slow process of merchant adoption and makes crypto instantly usable at over 40 million stores worldwide.
A beta version of our PlutusDEX trading platform is available now and is quite possibly the fastest way to convert your cryptocurrency into a useable European bank balance. Whilst in beta we are offering the buying and selling of cryptocurrencies with zero fees attached, take a look here.
Unlike any of our competitors, we never store the funds of a user. Given the rising number of exchange breaches and constant advances in hacking techniques, we believe storing user assets a jeopardy to everyone involved. Instead, our users are in possession of their crypto and fiat at all times, making their funds immune to company hacks, corruption, downtime, closures etc. impacting their money in any way.
We are on target for a complete product release in Q1 2019, the Plutus 2.0 will include an intuitive user interface backed by the Plutus debit card, mobile ‘Plutus Tap & Pay’ app and PlutusDEX trading platform.
