The result of a multi-year effort is nearing launch.
Alongside Mastercard Debit Cards supporting top-ups in $USDT and $ADA from @Cardano, 🔥 in a few days, Revuto users worldwide will be able to get a VISA card compatible with 👉 Apple Pay and Google Pay mobile wallets.
Sending crypto between friends, swapping it for other popular coins, and spending it worldwide couldn't be easier than with the Revuto app.
A preview from our CEO of what it will look like can be seen in recent posts on his X account @v_vukman;
https://t.co/WqoftgBbku
https://t.co/nkj685MTFJ
https://t.co/L7CXFVs2tF
🔥This year, the Revuto team has been working hard to build the best wallet setup for Cardano users, enabling them to exchange any Cardano token for another Cardano token or to bridge funds to a Crypto wallet and exchange them for any of the most popular cryptocurrencies. The user experience of bridging funds between @Cardano and #Crypto wallets is so seamless that it does not require entering a crypto address; it only requires selecting the direct wallet transfer when sending $ADA or $REVU.
The uniqueness of having both Cardano and Crypto wallets in a single mobile app makes cross-chain token swaps very easy, cheap, and fast, something no other wallet offers. With such a setup, Revuto will help Cardano projects and their tokens come closer to the general crypto community and vice versa.
👉 If you're interested in testing the new wallet setup before we launch it in January, send your Revuto User ID (UID) to [email protected] or DM us on X.
Today, our CEO @v_vukman did his first live testing of the new Revuto Crypto wallet, sending $30 in Solana to his Revuto app and swapping part of the funds from $SOL directly and instantly to $ADA and the other part to $REVU—all in seconds, all without hustle and a minimal fee. In Revuto Pro, there is basically no fee. The next video will show you how the user can send funds in $ADA or $REVU directly from the Crypto wallet to the Cardano (non-custodial) wallet within the same app, without needing to enter the crypto address. Alternatively, you can simply select the recipient from your mobile contact list. Even if the recipient doesn't have the Revuto app, the SMS message will prompt them to install the app and get the funds.
The setup allows users to instantly swap any of the popular tokens for $ADA, $REVU, and soon $SNEK, or vice versa. All Cardano assets from the Crypto wallet can be easily transferred to the Cardano wallet within the same app, where users can utilize our @DexHunterIO integration to swap Cardano tokens to any other Cardano token. The process can also go in reverse, meaning that with the Revuto app, users can easily exchange any Cardano token for $SOL, $BTC, $ETH, $BNB, $USDT, $USDC, and more.
Next week, we'll add $XRP and other cryptocurrencies to the list of supported tokens in the Crypto wallet. As all is built on industry-leading wallet infrastructure provided by @FireblocksHQ, Revuto is capable of adding any Cryptocurrency to its Crypto wallet. This means that more tokens are coming as soon as we stress-test everything with the initial list of 15 most popular assets, according to @CoinMarketCap.
"Top-up cards with crypto" is another feature that will go live with the launch of the Crypto wallet, allowing users to use $REVU, $ADA, and $SNEK to top up Revuto Virtual Debit Cards and use them to pay for their subscriptions.
In late November or early December, the plan is to launch "Buy Now, Pay Later" supported by $USDC on @binance and $USDT on @solana. The team is still considering adding $USDM and $USDA to the setup, but only as an optional feature. The expected APR for stablecoin lenders will range from 12% to 16%, while eligible borrowers will pay a one-time loan fee of 8%, which must be repaid along with the loan within 30 days. More information will be released as soon as the BNPL product is ready.
With all the above, Revuto will be ready for a major marketing push and will initiate the new referral program and affiliate marketing initiatives.
Go Revuto, Go $REVU!
🔥 As the top crypto on @Cardano, @snek is catching up in momentum by listing the token on top-tier centralized exchanges. One of those exchanges is @kucoincom, where $REVU is listed, and which exchange we use for the token swap feature in our upcoming Crypto Wallet. This allows us to add $SNEK directly to our custodial wallet and enable users to quickly swap any of the most popular cryptocurrencies to $SNEK and back, without using a Cardano wallet.
🔥🔥 This also allows us to use $SNEK to top-up Debit Cards so the users can use the $SNEK token to pay for their subscriptions. Both features will come to the next app update, planned for the early September.
I already told you how @get_revuto has an excellent use case for @Cardano stablecoins. After launching the Crypto wallet (coming in 2-3 weeks), $USDT and $USDC will be supported and included in fast token swaps, allowing users to easily exchange them for any other supported crypto, including $ADA and $REVU.
🔥 One of the first web3 products supporting Subscription Payments via Revuto @Visa Debit Cards💳 is the "Buy Now, Pay Later" feature, which will allow our users to borrow money with the Revuto App to pay for their subscription on a due date, even if they don't have the funds available. To our knowledge, Revuto will be the first app allowing users to pay for their pre-paid services up to 30 days after the due date, which could significantly boost our popularity.
👉 How do we plan to do it? To an eligible user, Revuto will approve a short-term loan (up to 30 days) for which the funds will come from the micro-lending and borrowing liquidity pool supporting a specific stablecoin. Borrowed funds will fund his VISA Debit Card for the specific subscription (up to $200) so the service provider can charge it on a due date. When returning funds, within 30 days, the user will pay a small 8% return fee.
🪙 To obtain liquidity for such a setup, Revuto will allow other users to provide liquidity (stake stablecoin) in the same pool for a specific time to earn a reward. The expected reward (APR) on stablecoin will be between 8% to 12%, which should be very appealing for the stablecoin holders. The final APR will be calculated based on the credit scoring risk (user behaviour) because we may expect some users will not return the loan on time or at all. That's why Revuto will credit score its users to check if their VDC, Staking Center, and Crypto Wallet activities make them eligible to get a loan. In short, if we see that we can't leverage their existing resources with Revuto in the event of a loan default, we won't permit them to borrow funds from Revuto.
💸 Now, the question is what stablecoin we should include with the feature. Should we go with widely-adopted USDT and USDC or with Cardano native $USDM or $USDA stablecoin? As we're the Cardano project, we'd love to help with Cardano adoption. In that sense, we'd love to partner with and include one of the Cardano stablecoins with the setup. The "Buy Now, Pay Later" feature could significantly boost Cardano stablecoin adoption if we make it available for prepaid subscription payments.
⁉️ In the upcoming days, I'll reach out to both Cardano stablecoin issuers to see if Revuto can get support to include @USDMOfficial or @AnzensOfficial within the product. Additionally, we could also make that stablecoin available for users to mint it with FIAT (debit/credit card payment) or $ADA, because all our VDC users are fully KYCed, and our company is e-money regulated, and soon MiCA compliant (VASP licence).
This difficult and stressful time in this crazy world is hopefully behind us...@get_revuto is releasing its main product Revuto Pro which could launch us into orbit and do what we have all been waiting for a long time...we expect that this bull run is ours and that the Revu token will make big jumps in the coming cycle…🚀🍀🎯
🔥 It's happening - the new iOS app is now available. However, on July 10th, we'll unlock @Visa Debit Cards for subscription payments to all Revuto users from the EEA. The CEO, @v_vukman, will release a special video about it. Additionally, the Newsletter and in-app notifications will explain the process of accessing the 💳 cards. Two weeks later, the Crypto wallet will be released, marking a significant step towards inviting all crypto users to the Revuto app. With upcoming updates, the new era of launching significant fintech products that support crypto is officially underway 🚀