20 | Acquisition International, Issue 1 2024 Crypto Payment Solutions Designed to Cash-in With an overarching goal of shaping the world to use crypto in an impactful and sustainable way, CoinsPaid is bolstered by an overall mission that strives to strengthen the connection between cryptocurrencies and traditional finance measures, providing effortless yet effective solutions and products that enable people to be fully prepared for an era where digital assets rein supreme, which is set to totally disrupt the way we use and think about money. To this end, the CoinsPaid ecosystem is one comprising of a host of innovative crypto solutions, making it a premier choice for individuals and businesses alike in a variety of sectors. Between 2014 and 2018, Estonia-based CoinsPaid operated exclusively as a product under the Merkeleon banner, a large company specialising in cryptocurrency software. By 2018, the growing demand for crypto solutions and services led to this subsidiary separating and becoming an independent business in its own right. 2019 saw Max Krupyshev enter as CEO, brought in for the purposes of furthering the line of products available and providing excellent leadership to the team. By 2022, the company’s offering had become the top-ranked crypto payment gateway on the planet, with more than $700m being processed monthly. At the heart of CoinsPaid’s offerings is a series of core priorities, with these representing the ethos of the business and outlining what it continuously hopes to achieve in the market. Placing a keen emphasis on globality, the company has enabled businesses across the globe to transcend borders and attract new customers as a result of its innovative crypto payment methods. Another key element for the company’s success is how easy its solutions are to use, with these solutions requiring no background in the field of cryptocurrency to manage effectively, and any issues that do arise can be fixed easily by a helpful round-the-clock support team. When it comes to matters regarding funds, security is also a top priority, and CoinsPaid possesses two blockchain risk scoring systems that can detect suspicious activity and has brought back precisely zero vulnerabilities from a series of regular third-party audits. The final priority for CoinsPaid is transparency, specifically when it comes to the environment within its ecosystem. As previously mentioned, the platform is subject to constant checks and audits from the independent and security sectors, reinforcing the team’s strict adherence to the rules and regulations laid out by countries across Europe. All of this contributes towards a mission to satisfy the world’s needs through cryptocurrency, something carried out by a pronounced emphasis on the areas of customer focus, long-term mutual benefits, and a leading-edge functionality. Aiding CoinsPaid in this mission is a keen desire to nurture its mutually beneficial relationships, with trust being held in the highest regard. To assist in the achieving of this mission, the team refuse to charge any set-up or monthly fees, and there are no hidden costs. Driving this high grade of convenience and quality forward is the company boasting in excess of 100 in-house tech specialists, whose job it is to continuously improve offerings and seek out the latest industry trends. The results speak for themselves, and in the first half of 2023 alone, CoinsPaid successfully processed more than €700m in crypto per month, with more than one million transactions being carried out throughout that same period. So far, more than 800 merchant accounts have ben serviced, resulting in millions of merchant end-users and zero customer funds being used. All of this has been carefully established over the almost ten years of direct crypto experience had by the team, and this is only the beginning, as we are presently sitting on the cusp of a digital currency revolution. Globally, more than 420m people own cryptocurrencies, and in 2022 alone, this number grew by 39%, with many analysts believing that the worldwide crypto community could reach a billion users by the end of 2024. By accepting crypto as payment, companies are thus unlocking as many as half a billion customers for their businesses, in a method not only gaining momentum, but that can help lower processing costs. This is because CoinsPaid only charges a transparent transaction fee, with this being a great deal lower than traditional payments such as Visa/ Mastercard. Set at less than 1%, compared to its counterparts’ minimum 3%, there are also no chargebacks or rolling reserves, and the success rate is 99.9% This system is aptly suited for a whole host of businesses but is particularly useful for those serving in the forex, software development, travel, real estate, e-commerce, marketing, or advertising industries, and unlike traditional banking services, these payments cannot be blocked, and are available 24/7 with no limits. More than 40 local currencies are also available, such as USD, EUR, GBP, and JPY, to name just a few. Over 20 of the best-selling cryptocurrencies are currently supported through the platform, including the main two, Bitcoin and Ethereum. Many factors have dictated CoinsPaid’s success in the market, but the company is a firm believer that it is its people who matter the most, and it this hardworking team that play an instrumental role in revolutionising how the world pays. There are currently more than 200 members making up the team, with each one having proven essential in helping the company maintain such a stellar track record of success. The team are constantly seeking out new talent to join their ranks, and over 20 vacancies are currently available, bolstered by a freedom to choose one’s place, with relocation assistance available if needed. As CEO Max Krupyshev states, “I’m honoured to lead a team that is relentlessly dedicated, innovative, and driven. Each member plays a critical role in navigating the exciting and constantly evolving landscape CoinsPaid proudly provides a crypto payment ecosystem suitable for use by both businesses and individuals, thanks to groundbreaking solutions that are tailored to a client’s every need. Best Crypto-payment Solutions Firm 2024 – Europe awardee CoinsPaid today stands at the very forefront of mass adoption (governments enabling cryptocurrency or adopting it themselves), with its products serving customers well and assisting them in preparing for the dawning era of digital assets. Every element of this service is EU-licensed, ensuring total legality and security, having passed an array of independent audits. Today, the 9 years of experience the company sits atop of have enabled it to forge a stellar reputation in the industry, and hundreds of merchants every year trust the firm’s innovative payment solutions across their businesses. Nov23392
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