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How to Pay Netflix and Apple TV Subscriptions using Cardano Tokens
Subscriptions are an integral part of modern life. Digital subscriptions are increasingly common as more people get content from various subscription channels, unlike the past few decades where cable TV was the default source. Accordingly, the need to support crypto payment for Netflix and other subscription services is on the rise, even timely.
Revuto is a subscription management platform on Cardano that aims to add efficiency and control to the payment of subscriptions. They are now joining hands with Genius Yield, an equally innovative order-book DEX launching on Cardano to fast-track the adoption of DeFi services. While both protocols would support each other's ecosystem, a standout benefit would be paying for Netflix, Apple TV, Amazon, DSTV, and other subscription services using Genius Yield's GENS and other Cardano tokens. It is a vital support allowing users to take control of their spending, save money, while also earning cashback in Revuto's REVU tokens. Meanwhile, it will be possible for users to earn GENS by staking REVU via the ISPO in the Revuto Staking Center.
Streaming services can be annoying with their subscription models for all their quality content. You have probably heard a friend or relative furious over the billing policies of one of their subscriptions. The problems range from difficulties in cancellation, automatic renewal, and other communication-related issues.
A Blockchain-Based Subscription Service
The fundamental issue with most subscriptions is that they rely on credit cards or bank payments. Once you sign up and agree to terms that most people never read, the subscription service can automatically deduct from your bank account.
Revuto introduces the concept of a virtual debit card to grant users more control over subscription payments, allowing users to pay with Cardano and its tokens. The idea is to have a decentralized application that users can utilize to manage their subscriptions. This virtual debit card is operationalized as a decentralized application (dApp) that runs on the Cardano blockchain.
Here is a summary of how the subscription management app will work:
Download the Revuto app and set up an account, a straightforward process;
Add subscriptions you intend to manage. They could range from music streaming services like Netflix, software packages, and more.
Once the subscriptions are linked, you can begin paying using GENS and other supported tokens.
The real prize is your ability to block, snooze, and generally control payments to your subscription service. This versatility allows the account holder to prevent unwanted subscription charges that make subscriptions more expensive than what you signed up for. Besides, you don't have to cancel the subscription when you want to snooze payments for a while before resuming.
The Cardano Blockchain Provides Base Support
Revuto achieves its high performance because it launches from a robust layer, built from the ground up with the intention of being inherently scalable. The Cardano crypto blockchain is the handiwork of Ethereum co-founder Charles Hoskinson and a team of developers who sought to create a high-functionality and research-based network.
Accordingly, Cardano is an excellent host for decentralized systems and applications. The rise of Decentralized Finance (DeFi) bodes well for this bespoke blockchain and its native coin, ADA. The protocol has significantly higher throughput than Ethereum, implementing a unique architecture with different settlement and computation layers. Accordingly, smart contract execution does not clash with transactions, as is the case for Ethereum.
Using Cardano blockchain, this utility has allowed an integrated decentralized hub like Genius Yield, SundaeSwap, and others to thrive. Its efficiency and increasing stature in the DeFi sector fit well with services that offer a secure and fast settlement.
More Than Just Subscriptions Management
Meanwhile, with Revuto in the picture, users can make payments efficiently and leverage recurring payments with REVU and get extra services for money management. Revuto received three million early sign-ups for dApp, with hundreds of thousands of users worldwide. These numbers bode well for an upcoming Fintech startup earning Revuto accolades like the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.
The ability to pay for your subscriptions in Cardano tokens is revolutionary. Bitcoin has struggled to gain traction as a medium of exchange for all its popularity. This utility application provides a real-world use for cryptocurrency.
Revuto is looking to make its app a wholesome product. Soon, users will be able to exchange fiat and crypto in real-time and other decentralized finance services like lending and borrowing. Overall, the subscriptions management platform will provide a mobile-friendly and excellent decentralized finance management tool. The decision to launch on the Cardano blockchain is a testament to this vision. Revuto has a native Cardano mobile and non-custodial wallets with plans to add their custodial wallet to augment user experience.
Forecasting Growth in The Subscriptions Sector
The world is trending online by the year. This trend is likely to manifest in the subscriptions and billing management sector, with the global market estimated to grow from about $3.9 billion today to $7.4 billion in 2027. The accelerated growth of digital streaming services is the biggest growth driver. it is the golden age for streaming with more potential in developing markets
There is excellent potential for a subscriptions management tool with such a market size. There will be tens, even hundreds of millions more people joining this demographic in the next few years. Accordingly, Revuto is entering the scene strategically for all stakeholders.
Looking Forward
Cryptocurrency and the blockchain launched on the fundamental premise that consumers need more control of their finances. This idea is relevant in countless fields. Subscriptions fall in this category because some services are downright abusive in their billing policies. Genius Yield and Revuto take the tenets of decentralization and user empowerment in these industries and seek to transform how consumers relate to subscription services. There is a great need for such services. By forming a fitting coalition, Genius Yield and Revuto will likely reap from the appreciation users will have for such convenience.
Media Contact
Company Name :- Genius Yield
Email Id :- [email protected]
Company Website :- https://www.geniusyield.co/
Trescon to Bring World’s Most-elite Blockchain Event to Dubai to Decipher and Advance Blockchain & Crypto Economy
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In line with UAE Government's digital initiatives, the summit will feature presentations, use-cases and thought leadership sessions by global technology providers who will be showcasing their latest innovations during the two-day future-tech festival. The focus for this year's most-anticipated blockchain event will be on Blockchain, Crypto, NFT, DeFi, Metaverse ecosystems, and their wide-reaching effect on commerce, culture, and communities.
"We at Chingari are thrilled to be a part of the most notable blockchain event of the world (WBS), and are looking forward to meeting and discussing the future of blockchain and its advantages with the industry stalwarts. This will be the best platform to interact with the industry experts and announce the developments related to NFT and GARI marketplace by Chingari. The whole blockchain/ NFT ecosystem is very appealing and we are excited to be a part of it," commented Mr. Sumit Ghosh, Co-founder & CEO, Chingari App.
"Paysenger is happy to partner with one of the world's leading blockchain conferences, hoping this is only the beginning of a long and fruitful partnership," stated Stanislav Novikov, CEO of Paysenger. He further added, "At WBS, we will present some of the latest communication trends, introducing the new ethic of communication that appears at the junction of the attention economy and blockchain. We will also talk about the way our EGO token can solve some of the most pressing communication problems."
Joining in this revolution of making relationships between financial services & blockchain + cryptocurrencies more meaningful, the expert speakers taking the center stage include:
- Frederik Gregaard, CEO, Cardano Foundation
- Faryar Shirzad, Chief Policy Officer, Coinbase
- Alex Mashinsky, Founder and CEO, Celsius Network
- Dr. Marwan Alzarouni, CEO, Dubai Blockchain Center
- Constantin-Claudiu Minea, Co-Founder & CEO, SeedOn
- Austin Alexander, VP, Kraken Digital Asset Exchange
- Prof. Dr. Isabell M. Welpe, Chair for Strategy and Organization, Technical University of Munich
- Christian Kranicke, Founding Partner, Blufolio
- Sumit Ghosh, Co-Founder & CEO, Chingari App, to name a few
Furqan Rassul, the CEO of Elite Partner Investment LLC, under the leadership of its chairman, HH Sheikh Juma Ahmed Juma Al Maktoum, will provide companies with unrivaled access to the region's most prestigious, influential and well-connected decision makers in the private and public space, to achieve sustainable growth and scalability.
"World Blockchain Summit in Dubai is an excellent initiative to showcase Blockchain's potential to revolutionize the efficiency and efficacy of every industry imaginable on a global scale," stated Furqan Rassul, CEO of Elite Partner Investment.
"I am happy to say that we have been able to (once again!) solidify our position as one of the most go-to blockchain & crypto events in UAE. We are looking forward to providing a platform where the world looks upon us as the event that defines, describes and forecasts financial revolution," said Mohammed Saleem, CEO of World Blockchain Summit.
"WBS is back in Dubai; which brings an exclusive opportunity for companies in this space to network with global blockchain influencers, handpicked investors and many more," said Mithun Shetty, CEO of Trescon.
The summit also features Startup World Cup, on 22 March 2022, a pitch competition by Pegasus Tech Ventures, for businesses from across the world that are preparing to launch their business or are already established and want to expand to the UAE. The winner will fly to San Francisco on 30 September 2022 for a chance to win $1,000,000 investment prize.
The pitch competition will be followed by the Investor Gala Dinner; which will provide a major boost to startups looking to raise funds by leveraging the Trescon Investor Connect (TIC) program. TIC has a prime responsibility to gather a pool of investors, HNIs, family-owned business houses (FOBs) and VC firms looking to invest in emerging technologies, and forging partnerships with key stakeholders responsible for curating these ecosystems.
World Blockchain Summit - Dubai 2022 is officially sponsored by:
- Presenting sponsor - Chingari Powered by $GARI
- Co-host Sponsor - Paysenger Inc.
- Powered by - Bybit
- Lead sponsor - Fasttoken
- Diamond Sponsor - Unicoin
- Platinum sponsors - Luni, DFG, Consensys, Citadel.One and Decentralised Investment Group
- Strategic sponsor - EarthFund
- Gold sponsors - IoTex; BitMEX; Coincover; Ezil; BitOasis; Empiretoken.world, Limoverse.io and Fellaz
- Silver sponsors - SeedOn; The Joint Data & Cloud Services, Instaraise, Concordium, FinXP Ltd., iMe Lab, Katana Inu, CoinFLEX, Vyfinance, Funganomics and XT.COM
- Bronze sponsors - Finvault Exchange, Nexo, Amber Global Limited, Blatform, Revolve Games, Decentology; The Cloud City Metaverse; and Fanadise
- Badge sponsor - BitMEX
- Ecosystem partner - ECOX
- Pen sponsor - Day Of Defeat
- Lanyard sponsor - Bybit
- Official Media Partner - CoinQuora
- Official Arabic Broadcaster - CNBC
- Lunch Sponsor - Panorama Finance
- Investor Gala Dinner Sponsor - Divi Project
- Coffee Break Sponsor - Constellation Network
- After Party Sponsor - Nicco Global
- Pitch partners - Artessere, The Meta Game Hub, Ethernity, Etheronic, Blockstar Holding, Iomob, Album and Profit Center LTD Kft
- Exhibitors - SDLC Corp, Stake2earn, Listing.Help, Threefold, Unifarm, Peratera, Amaze World, BlockchainX and Rakuza NFT
- Robot sponsor - BlockAura
For more information about WBS Dubai, visit World Blockchain Summit - Dubai, https://tresconglobal.com/conferences/blockchain/dubai/.
About World Blockchain Summit
World Blockchain Summit is a global series of elite gatherings that takes place in 16+ destinations across the world. It connects global blockchain gurus and technology players in this space including emerging startups - with regional businesses, government authorities, IT leaders, tech entrepreneurs, investors, and blockchain developers.
About Trescon
Trescon is a global business events and consulting firm that provide a wide range of business services to a diversified client base that includes corporations, governments and individuals. Trescon specialises in producing highly focused B2B events that connect businesses with opportunities through conferences, roadshows, expos, demand generation, investor connect and consulting services.
For further details, please contact:
Karthik A
Corporate Communications Manager, Trescon
[email protected]
+91 81059 75937
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe 22nd global edition of World Blockchain Summit - Dubai, which is presented by Chingari powered by $GARI; co-hosted by Paysenger.
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