Plutus, a leading Crypto Rewards Card, has partnered with Curve, the pioneering card aggregator app, to offer up to 100% rebates in crypto on Curve's premium subscription plans for all United Kingdom and
Alphabit Fund Buys $5 Million of PLU to Build Bridge between DeFi & Cefi
May 6 2021 · 18:16 UTC by Julia Sakovich · 4 min read
Photo: Plutus / Instagram
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Plutus recently raised $5 million from a prominent crypto fund Alphabit via a token acquisition which puts them in a prime position for tackling this current void between centralized finance and decentralized crypto.
Institutional investment – the term that crypto enthusiasts have been calling for across a 5-year span appears to have finally ignited.
Whilst institutional investment still seems to be in its earlier stages, the number of large institutions developing crypto-focused products seems to be much more rampant, especially amongst payment providers and neo-banks.
Alphabit Fund Buys $5 Million of Pluton (PLU) to Build A Bridge between DeFi & CeFi
Crypto Card Market Trends
Cryptocurrencies are still in their early stages of adoption and very few retailers accept them making them difficult to spend in-store or online. Despite the current “hodl” mentality, every crypto company out there appears to be gunning for programmes that enable crypto spending.
In fact, the trend has expanded beyond crypto-focused companies…
The multi-billion-dollar conglomerate, PayPal, has recently started testing a crypto checkout feature that would allow U.S. consumers to use their crypto assets at 29 million merchants that PayPal is integrated with. Upon announcing in March, the value of Bitcoin proceeded to skyrocket to new all-time-highs.