Revuto Raises $1.7M From Blockchain VCs Ahead of Public Sale

A private sale of REVU tokens has earned Revuto $1.7 million as it prepares to roll out the first dApp on Cardano. The decentralized application will enable users to control all of their subscription services in one place, and Revuto will also provide a novel use case for spending cryptocurrency, as REVU tokens can be used for payment over a broad range of services. 

The $1.7M haul comes from a group of investors led by BlackDragon VC. Revuto CEO Josipa Majic commented on the successful round of funding, saying, “We’re grateful to our private investors, including BlackDragon, for believing in Revuto’s team and tech, and for sharing our vision of making crypto spendable in everyday life.

“Having the right funding and investors that back our long-term vision is crucial, and thus we are delighted to achieve this milestone and are excited for what lies ahead.”

What Lies Ahead for Revuto and Crypto Spending

A series of news stories have propelled cryptocurrency into the limelight, even if – in the case of Elon Musk – there have been decidedly mixed messages. While the world has warmed to crypto, most enterprises still shy away from accepting digital currencies for services rendered. Revuto seeks to change this paradigm with its dApp powered by the REVU token.

If you called up Netflix yourself and asked them to pay for a monthly subscription using anything other than a credit card, the customer service representative would probably laugh you off the line. Revuto is providing a frictionless solution to this problem for crypto holders, and by doing so is easing the use of cryptocurrency into the real world as a payment medium.

Over a million people have already seen the advantages Revuto will lend to dealing with subscription services, and have expressed their interest in using Revuto by signing up for the service before it has even launched. 

As Revuto CEO Majic commented, “With a large community having assembled around Revuto already and registered their interest in participating in the REVU token sale, the stage is set for a successful launch of the Revuto app. This will bring crypto-powered subscription payments to a global audience, giving digital assets the same utility as fiat currency.”

REVU Token Prepares to Launch

Using REVU as a form of payment allows users many more capabilities than if they used their credit card. For one, users can change any of their unwanted crypto into REVU and then use it to pay for the services they need. By staking REVU instead of spending it or letting it sit dormant in a wallet, users can also earn more REVU tokens, get discounts on services, and gain access to offers from Revuto and its partners.

Beyond the benefits of a new digital currency entering the monthly subscription market, Revuto’s dApp simplifies the lives of those burdened with a menagerie of monthly subscriptions. If you ever wished there was a service that could make it easy to keep track of everything you pay for on a monthly basis, Revuto is the answer.

Not only does Revuto place all of your subscriptions in one place so you can easily pay for them, the service allows you to manage your subscriptions with the click of a button. You can start a free trial without worrying about it expiring and locking you into a year of services you don’t want to pay for, and can pause services you’d like to return to without the hassle of finding the hidden parts of a website that let you manage your account. 

A Digital Future Made Real  

Users are clamoring for help with their subscription services, and over one million people are choosing to manage their subscriptions in a better way by signing up for Revuto. The future of the service economy is shaping up to be one where the user regains control of their subscriptions instead of their subscriptions taking control of their wallets.

As Revuto readies its dApp for launch, the $1.7M raised will help propel development through its final stages and ensure a successful release that’s capable of revamping the subscription economy.