On average, a significant portion of the global population uses (and pays) for at least one subscription service every month. Even though the subscription economy is growing by 100% year-over-year, setting up subscriptions and canceling unwanted subscriptions is cumbersome and overly complicated. As a result, consumers often fall victim to unwanted expenses, surcharges, or incur losses just because they forgot to unsubscribe from a service they no longer use.
Revuto, a European fintech startup, addresses these challenges by leveraging blockchain technology to provide users with more control over their subscriptions. Built on the Cardano blockchain, Revuto is an all-in-one subscription management solution that also offers users access to several DeFi-based initiatives through its utility token. The Revuto dApp enables users to manage and pay for all of their subscriptions using the REVU token, that too, from a single dashboard.
To further expand its community, Revuto has announced that its native token REVU will list on two prominent tier-1 crypto exchanges on January 7, 2022. The REVU token will be available to retail investors on the KuCoin and Gate.io platform at the same time – a first for any Cardano-native asset to date.
Vedran Vukman, CEO and co-founder of Revuto, is optimistic about the upcoming token listing. He comments, “We are proud to make history again with REVU, after being the first ICO, publishing the 1st Cardano lite wallet and breaking records with our growth – we are now the first to list on tier 1 CEXs, KuCoin and Gate.io. The process included multiple legal openings for our utility token, from top legal firms including both US and EU legislations, with audits being in process and led by the global leader blockchain security.”
Subscription Management Has Never Been Easier
The Revuto dApp grants users greater control over their subscriptions. Through the dApp, users can approve, block, and postpone their subscriptions within seconds. The platform allows users to add all their subscriptions and generate VDCs (virtual debit cards) for each. Users can also automate their subscriptions to avoid any unwanted charges that may be incurred.
The built-in Revuto wallet is designed to support all Cardano-based tokens like ADA, REVU, and the EURR stablecoin. Hence, users can simply add their subscriptions on the dApp and start making payments for their real-world subscriptions using cryptocurrencies. Once users set up the Revuto wallet to manage subscriptions, they receive additional rewards and cashback for each transaction.
The Revuto dApp harnesses the power of the Cardano blockchain to ensure high transaction speeds and low costs while maintaining top-notch security and transparency. Additionally, the Revuto dApp also offers a range of DeFi services, allowing users to generate extra yields by putting the REVU tokens they hold to work. As part of this value proposition, the platform offers staking, liquidity pooling, and a microlending program that opens the doors to a world of new passive yield opportunities.
Revuto has positioned itself as the next significant evolution of blockchain technology, with subscriptions becoming increasingly complicated. The platform has successfully added real-world utility to cryptocurrency, encouraging the global population to join an evolving financial ecosystem that rewards participation while improving accessibility and reducing accompanying costs.