As crypto evolves toward mainstream adoption, it’s vital to offer an alternative to the functionality available in all corners of the legacy system to reach its full disruption potential.
One of the most common functions we use in our everyday lives is subscription payments, growing at over 100% annually. The trouble is, users often get caught out, trapped by an initial free trial process that leads to hidden, overly complicated unsubscribe procedures, meaning that over half continue to pay for services they no longer use.
The Revuto dApp, built on Cardano’s scalable infrastructure, aims to save people money by leveraging crypto debit cards supporting stablecoins and Defi. It allows users to take control over what, when, and how they pay for their subscriptions through a single dashboard, earning cashback and other rewards in REVU tokens and opening up several use cases as a result.
Revolutionizing the Subscription Economy With Crypto
Revuto’s ability to Block, Snooze, and Approve subscription charges and other recurring payments provides important utility to consumers and businesses alike.
Online Consumer Subscriptions
Revuto stands out compared to legacy competition as the first subscription management service to utilize cryptocurrency payments.
The first phase of Revuto delivers support for online consumer subscriptions such as Netflix, Amazon Prime, and Spotify. Initially, this will rely on existing payment processors to execute crypto-to-fiat swaps and process fiat transactions. Later on the roadmap, we will acquire a payment processor license to eliminate these third parties, reduce friction, and lower costs for users.
All subscription payments are made using Revuto virtual debit cards that support REVU tokens, Cardano-native stablecoins, and fiat currencies. Subscriptions are managed via one simple dashboard to enable and disable subscriptions at the click of a button.
Within the Revuto dApp, users can then categorize subscriptions and set up spending limits, customize notification reminders, postpone payments as long as possible without service suspension, and even share subscriptions and charges with other members to maximize the packages available. All this is possible while also earning cashback in REVU tokens for enabled subscriptions, unlocking additional features along the way.
Other Recurring Payments
Broadening the product offering, Revuto will also add support for other recurring payments including utility bills, smartphone subscriptions, gym memberships, and more.
Again, costs can be split with friends or family members safely and securely, ideal for shared households. Unused subscriptions can be swapped with friends for something else, helping ensure that they don’t go to waste. Caps can also limit spending each month, useful for consumables where automatically debited payments may vary, or for allowance-based spending of family members.
Business Subscriptions
While Revuto is primarily aimed toward millennials or tech-savvy early tech adopting individuals that are crypto natives, digital nomads, or freelancers, SME businesses looking to more efficiently manage their SaaS subscriptions are also a target.
Businesses can access the same subscription management features within the same one-stop dashboard to enable and disable subscriptions, and the freedom to create any number of virtual debit cards with variable access to funds and spending limits. Revuto allows for the seamless management of payments across teams and individual staff members with tokenized payment information and passwords.
It could even be used as part of employee incentive programs, offering a range of subscription benefits that can then be swapped and shared between staff, optimizing such schemes.
Defi Micro-Loans for Subscription Payments
Particularly though not exclusively useful for business users, Revuto Defi micro-lending provides easy access to liquidity, allowing for more efficient management of cash flow and, therefore, subscription payments.
REVU token holders can gain quick access to working capital, denominated in stablecoins, allowing micro-borrowers to pay subscriptions and other recurring payments on time without liquidating REVU holdings. Instead, they use REVU as collateral at a 2:1 loan-to-value ratio, retaining exposure while also accessing cash for subscription payments when required, later repaying the loan at a fixed interest rate and helping to reduce the problem of failed charges.
Users can even borrow REVU from liquidity pools to pay for subscriptions, even when their REVU balance is zero.
This form of micro-lending can be deployed at any scale in a permissionless manner, avoiding invasive credit checks or discriminatory policies to bootstrap startups. It can provide stablecoin loans on-demand to industries and individuals who lack access to the traditional system, provided they have enough collateral.
The Road Ahead
Revuto delivers a one-stop dashboard for efficient subscription management, allowing users to take control of their subscriptions, recurring payments, and finances in a click.
As one of the first projects to launch on Cardano, Revuto will also offer staking, liquidity provision, and governance incentives to enable users to participate in revenue sharing and governance rights, deciding on and benefitting from future protocol improvement proposals.
With the REVU token sale set for May 18, the opportunity to help us revolutionize the subscription economy with crypto is about to get started.
To catch up with everything you need to join the REVU Token Sale please FOLLOW OUR channels 🚀
🎥 YouTube — https://youtu.be/pgYmXPdVZAs
🌐 Website — https://crypto.revuto.com/
📃 Whitepaper — https://crypto.revuto.com/Revuto_Whitepaper_v1.6.pdf
📝 Medium — https://getrevuto.medium.com/
📢 Telegram Announcements — https://t.me/revuto
🗣 Telegram Discussion Group — https://t.me/getrevuto
🕊 Twitter — https://twitter.com/get_revuto?s=09
🔥 Reddit — https://www.reddit.com/r/Revuto/
🚀 Discord — https://discord.gg/RTNnnmt4xU
