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Overview

Description

Plutus is a Web3 finance app revolutionising loyalty rewards by blending traditional banking features with blockchain technology, offering a Visa-powered debit card and crypto cashback.

General Info

Address
2nd Floor Heathmans House, 19 Heathmans Road, London, SW6 4TJ, United Kingdom
Identification number
220986431
CEO
Danial Daychopan
COB
Danial Daychopan
Email
support@plutus.it
Full name
Block Code Ltd
Name
Plutus
Social Media
Year of foundation
2015

Overview

Crypto-Friendly

Risk
Medium risk
Commissions
Medium-High
Mobile App
iOS, Web, Api
Supported languages
Norwegian Bokmål, Pashto, Urdu, Yiddish
International Transfers
Faster Payments, EFT Transfers
Authorities
SFC, IFSC
Regulators
MNB, BDL
Country of registration
Slovenia
Business focus
Currency exchange, Trading, Cryptocurrency exchange
Card/Payment Scheme
Alipay, Japan Credit Bureau, Visa
License type
Mortgage Companies, Offshore Banking License, Asset Management License
Account Currency
PKR, TOP
AML Tolerance
High

Products

Payment Cards - Debit

CBDC

Cryptoprocessing

Investments

Loans - Car loans

Loans - Consumer loans

Loans - Microloans

Loans - Mortgage loans

Loans - Student loans

Payment Cards - CashbackCard

Payment Cards - Credit

Payment Cards - Crypto

Payment Cards - Prepaid

Payment Cards - Travel

SEPA

SWIFT

Savings accounts

Staking

Time Deposits

Trading accounts

Features

ATM support

Acquiring bank

Cryptocurrency exchange

Cryptopayments

Expense Management Tools

Overdrafts

Personal Manager

Servicing of Individuals

Servicing of Legal entities

Area served

Africa
Mozambique, Gabon, Benin
Asia
Pakistan, Armenia
Australia and Oceania
Kiribati, Tuvalu, Tonga
Europe
Sweden, Russia, Luxembourg, Croatia
North America
Grenada, El Salvador, Saint Lucia, Jamaica
South America
Peru, Paraguay

Pros & Cons

Pros

  • Multi-Currency Accounts. Ability to open and conveniently manage accounts in different currencies within a single dashboard

Cons

  • High Card Issuance/Delivery Fees. Expensive fees for physical card issuance or delivery (especially international)

  • Low Interest Rates on Deposits. Extremely low, near-zero interest rates on deposits and savings accounts

  • Slow Customer Support Response. Slow customer support service, long response times in chats, or extended waiting times on the line

  • Strict Crypto Restrictions. Strict policy regarding cryptocurrencies: account freezes for transactions related to crypto or P2P

  • Expensive International Wire Transfers. High fixed fees or unfavorable exchange rates when sending or receiving international wire transfers

  • High Out-of-Network Fees. High fees for cash withdrawals at out-of-network ATMs or abroad