Plutus launches a bounty programme with a $3,000 jackpot and rewards of $500 for identifying bugs such as bypassing the login process
Plutus’ App and debit card will allow cryptocurrencies to be spent contactlessly in stores and its digital exchange platform exchanges crypto for pounds and euros.
Danial Daychopan, Plutus CEO and founder, says “We are reaching out to the world’s hackers and tech enthusiasts to help us ensure the integrity of a revolutionary App and card that will allow you to spend your cryptocurrency at 40 million stores across the world. The bounty programme and jackpot are our appreciation of the hard work and time spent in identifying bugs.”
Plutus’ App and debit card are leading the market in allowing customers to spend their cryptocurrencies securely. Its system is the first that is safe for customers, easy for merchants and acceptable to banks. The bounty programme creates another layer of security which benefits the crypto community by offering rewards for identifying bugs.
A jackpot of $3,000 (paid in Pluton, the house digital currency) and rewards of up to $500 (paid in Pluton) will be offered for the identification and notification of qualifying bugs such as interference interaction, accessing other user sessions and bypassing login processes. Plutus will also offer a minimum $100 reward for the identification of smaller vulnerabilities that do not meet the severity criteria but improve overall security.
Danial Daychopan, Plutus CEO and founder, says “We are confident that the introduction of a bounty programme will appeal to our communities and become an integral part of our security systems that will ensure the integrity of a system that allows you to spend cryptocurrencies safely at over 40 million outlets across the globe”.
Security has been central to the development of Plutus’ ideas, leading to the creation of a push-only system and purchases are verified using the Bitcoin and Ethereum blockchains, secured by the most powerful distributed computing networks in the world.
Customers can top up their Plutus app or debit card with Bitcoin, Ether or even Pluton and then spend it anywhere. The unique PlutusDEX platform exchanges the crypto to sterling or euros as soon as the payment is made, and the merchant gets paid immediately without additional fees.
The Plutus DEX platform is a peer to peer exchange system where customers can swap pounds and euros for Bitcoin, Ether or Pluton and vice versa.
Plutus began in 2015, raising over $1 million in a crowdfunding round. The company was voted one of the fintech start-ups of the year.
Founded in London 2015 by Danial Daychopan, Plutus delivers a globally-accepted Tap & Pay app that enables users to spend their crypto across the globe at any NFC enabled terminal. A leader in the cryptocurrency space, Plutus aims to bring these currencies into everyday life.
Since the creation of Bitcoin in 2009, more and more people are buying and investing in cryptocurrencies, most of them unsure of how or where to spend it. In the current retail climate a mere 0.1% of merchants currently accept crypto as a form of payment, while those that do will often add on extortionate fees. As investment in currencies like Bitcoin and Ether skyrockets these currencies are sitting idle in digital wallets - the inability to spend crypto is impacting the whole digital economy and its customers.
In response to this growing problem Danial Daychopan, the founder of Plutus and a cryptocurrency veteran, created a business that could not only help to build bridges between customers, merchants and banks, but could also eradicate the fees associated with spending.
Getting a Plutus account couldn’t be easier: after signing up for an online account, the customer can then top up with either pounds or euros, exchange them for Bitcoin, Ether, or even Plutus’ own currency, Pluton, which they also earn every time they make a deposit.
Find out more at https://plutus.it/
For more information or interviews with CEO Danial Daychopan or Co-founder Jasper Tay, please contact:
Isobel Auchinachie, Media Zoo
firstname.lastname@example.org / 07493 371 520
Gabriel Burrow, Media Zoo
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