Spend $yPLT anywhere, anytime
With PlutusSwap branded debit cards, you can!
Other than empowering financial inclusion for everyone, we envisioned building a platform that brings actual use cases to drive mass adoption of cryptocurrency. yPLT will be used in our expanded ecosystem and for real-life use cases such as with the PlutusSwap Debit Card. yPLT token holders will be able to load yPLT into the debit card for spending. This improves the liquidity of its coins. How the card work will be similar to a typical debit card, and will be accepted at various retailers with card payment options across the world. It will also be able to allow users to withdraw cryptocurrency as cash at supported ATMs.
UnionPay will be the chosen payment gateway. The UnionPay is accepted in 174 countries and regions worldwide and it owns the biggest market share in Asia while holding strong position in other continents as well. As most merchants accept Unionpay, this means you can use the card to make payment for food to fashion to travel. This is truly a new era of cryptocurrency use case with the card as yPLT token holders will be able to load the debit card with their digital assets.
This integration will provide yPLT Token Holders with the much-needed crypto to fiat conversion so they can load their PlutusSwap Branded debit cards with USD via the online portal.
We are slated to kickstart pre-orders end in Q1 2021. Only yPLT token holders will be eligible to receive the cards.
We have contacted our card vendors for the debit cards and is working on the portal that allows users to deposit and track their yPLT spending.
Do note that KYC is required for debit card registration and it will come at a fee. Details on fees and registration process will be announced after the team has finalised details with card vendors. Fees will be paid in yPLT of course.
Example of KYC requirements:
Debit Card portal registration page:
On the other hand, Plutus Capital is also working on Plutus Chain 2.0 that yPLT token holders will be able to leverage on. To find out more about existing Plutus Chain, please refer to these materials:
Who is behind yPLT?
Since 2015, we have been a diverse group of pragmatic individuals and idealists. We believe that the key to unlocking economic equality, prosperity and financial freedom lies in developing strong Fintech use-cases on cutting-edge Distributed Ledger Technology. Most importantly, we are neither a chef nor food. We aspire to bank the unbanked, bringing fundamental financial rights to billions of individuals across the globe. We want to unbank the banked, stripping away the financial prison that many in the first world are enslaved to.
We are the followers of the great Plutus.
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