Press Release

Revuto is a crypto-powered solution for subscription payments. Built on Cardano’s scalable smart contract network, Revuto transforms your digital wallet into a digital bank, supporting recurring payments for all the goods and services you love.

On May 18, Revuto’s public token sale will take place, giving the crypto community a chance to acquire the REVU token and stake a claim in the payment ecosystem we’re building.

But let’s rewind for a moment and unpack the problem that Revuto is solving and why we’re launching on Cardano.

Subscription payments: A love-hate affair

Subscriptions are great. They’re how we pay for software, digital media, cosmetics, food deliveries, content streaming and all the other products we love.

Subscription payments, however, are cumbersome to set up and hard to cancel. The result? Consumers are overcharged and underserved by a system that preys on people’s forgetful nature. Scrutinize your credit card statement and you’ll probably discover all manner of recurring payments that you set up many moons ago and then never got round to canceling. Surely there’s a better way.

Tap the DApp to pay

Many people believe that cryptocurrencies represent the future of finance. We certainly do, and if you’re reading these words, we’ll wager you do, too. Crypto is the currency of choice for the digital generation, the internet generation, Millennials, zoomers and everyone else shrewd enough to realize that the traditional financial system is broken, and decentralized cash offers a viable alternative.

But let’s not get too carried away and portray digital currencies as a panacea for all of humanity’s woes. For all the advancements that have been made in blockchain technology, from high throughput ledgers to user-friendly wallets, there’s a lot that crypto still can’t do — for example, subscription payments.

Until now, at least.

Revuto is the logical next step in the evolution of cryptocurrency: a means of using your digital assets to pay for your real-world necessities. From Netflix to Spotify, cosmetics to dinner kits, and software-as-a-service to online news, Revuto provides a simple way of creating and maintaining recurring payments for the essentials that form the fabric of modern life.

The Revuto DApp, built on Cardano’s scalable infrastructure, will supercharge your digital assets, giving them the utility of fiat currency with the permissionless benefits of cryptocurrency. Subscribe to the services you like using the Revuto debit card (coming soon) and pay with Cardano-native tokens including stablecoins.

Using the Revuto DApp, you can:

  • Enable and disable subscriptions in a couple of clicks.
  • Block,” “Snooze” and “Approve” subscription charges as they occur.
  • Pay and subscribe for goods and services using tokens such as Cardano (ADA) and REVU.
  • Stake REVU to unlock additional features and earn rewards.
  • Earn cashback in REVU for subscriptions you enable.
  • Receive REVU tokens for every friend you refer.

We’ve barely scratched the surface in terms of detailing the problems Revuto solves, the utility it brings to online payments and the benefits of getting in on the ground floor.

In the days and weeks to come, we’ll be unpacking all of this plus a whole lot more. As one of the first projects to launch on Cardano, expectations are high for Revuto both in terms of the solution we’re building and what this means for the Cardano ecosystem. Rest assured, we’ll be doing our utmost to fulfill these expectations, but we can’t do it without you, our community, the most vital resource of all.

Follow us on social media, spread the word, and join us on this journey as we prepare to usher in a new era for crypto payments: faster, safer, simpler. Just better.

We believe that subscription payments are crypto’s next killer use case. Stick around and see for yourself as we prepare to bring crypto subscriptions to Cardano.

This is a paid press release Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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