How to Pay for Netflix and Apple TV Subscriptions Using Cardano Tokens

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HÜNENBERG, SWITZERLAND, March 18, 2022 (GLOBE NEWSWIRE) — Subscriptions are an integral part of modern life. Digital subscriptions are becoming more common as more and more people get content from various subscription channels, unlike the past few decades when cable TV was the default source. As a result, the need to support crypto payment for Netflix and other subscription services is increasing, even in a timely manner.

Revuto is a subscription management platform on Cardano that aims to add efficiency and control to subscription payment. They are now hand in hand with Genius Yield, an equally innovative DEX orderbook launched on Cardano to accelerate the adoption of DeFi services. While both protocols would support each other’s ecosystem, a notable benefit would be paying for Netflix, Apple TV, Amazon, DSTV and other subscription services using Genius Yield’s GENS and other tokens. Cardano. It is an essential medium for users to take control of their spending, save money, while earning Revuto REVU tokens. Meanwhile, it will be possible for users to earn PEOPLE by staking REVU via ISPO in the Revuto Staking Center.

Streaming services can be boring with their subscription models for all their premium content. You’ve probably heard a friend or relative furious about the billing policies of one of their subscriptions. The issues range from difficulties with cancellation, auto-renewal, and other communication issues.

A blockchain-based subscription service

The fundamental problem 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 give 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 use 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 application works:

  • Download the Revuto app and create an account, a simple process;

  • Add the subscriptions you intend to manage. These can be music streaming services like Netflix, software packages, etc.

  • Once subscriptions are linked, you can start paying using GENS and other supported tokens.

The real price is your ability to block, hold, and generally control payments to your subscription service. This versatility allows the account holder to avoid unwanted subscription fees that make subscriptions more expensive than the ones you signed up for. Also, you don’t need to cancel the subscription when you want to pause payments for a while before resuming.

Cardano Blockchain Provides Basic 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 work of Ethereum co-founder Charles Hoskinson and a team of developers who sought to create a highly functional, research-based network.

As a result, 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 currency, ADA. The protocol has significantly higher throughput than Ethereum, implementing a single architecture with different settlement and computation layers. As a result, the execution of smart contracts does not conflict with transactions, as it does with Ethereum.

Using the Cardano blockchain, this utility has allowed an integrated decentralized hub like Genius Yield, SundaeSwap and others to thrive. Its efficiency and growing stature in the DeFi sector dovetail well with services that offer secure and fast settlement.

More than just subscription management

Meanwhile, with Revuto in the picture, users can make payments efficiently and take advantage of recurring payments with REVU and get additional services for money management. Revuto received three million early registrations for dApp, with hundreds of thousands of users worldwide. These numbers bode well for a future Fintech startup awarded by Revuto as the Fastest Growing Consumer Product award 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 despite all its popularity. This utility app provides real cryptocurrency usage.

Revuto seeks to make its app a healthy product. Soon, users will be able to trade fiat and crypto in real time and other decentralized financial services like lending and borrowing. Overall, the subscription management platform will provide an excellent mobile-friendly decentralized finance management tool. The decision to launch on the Cardano blockchain demonstrates this vision. Revuto has a native Cardano mobile wallet and non-custodial wallets with plans to add their custodial wallet to improve user experience.

Growth forecasts in the subscription industry

The world is trending online year after year. This trend is expected to manifest in the subscription and billing management industry, the global market valued grow from approximately $3.9 billion today to $7.4 billion in 2027. The accelerated growth of digital streaming services is the main driver of growth. it’s the golden age of streaming with more potential in developing markets

There is great potential for a subscription management tool with such market size. There will be tens if not hundreds of millions more people joining this demographic in the coming years. As a result, Revuto enters the scene strategically for all stakeholders.

Looking forward to

Cryptocurrency and blockchain were launched on the fundamental premise that consumers need more control over their finances. This idea is relevant in countless areas. Subscriptions fall into this category because some services are downright abusive in their billing policies. genius yield and Review take the principles of decentralization and user empowerment in these industries and seek to transform the way consumers relate to subscription services. There is a great need for such services. By forming a proper coalition, Genius Yield and Revuto will likely capitalize on the appreciation users will have for such convenience.

CONTACT: Company Name : Genius Yield Email Id : hello (at) geniusyield.co Company Website : https://www.geniusyield.co/

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