Crypto processing service CoinsPaid

Crypto processing service CoinsPaid announced a 5-fold increase in turnover

Crypto processing service, which is part of the CoinsPaid eco- structure, increased its turnover five times compared to 2019 amid the coronavirus pandemic. The CEO of the company Max Krupyshev told about it. The growth in turnover is largely due to partnerships with Ultraplay, BitStarz and TrueFlip, which provide services in the areas of betting and gambling.

“As soon as the coronavirus epidemic was announced in the world, we developed our strategic plan, which focused on media. Our company took part in 15 major online events, where we presented solutions for businesses to accept virtual payments. service allows you to save up to 70% on the cost of processing online payments. This was probably the reason for a sharp rise in the popularity of our solutions in the market. We started the year with hundreds of B2B clients and ends with 400 clients, ”explains CEO Max Krupyshev.

Krupyshev said that during the year the company processed about 2.7 million transactions for a total of 1 billion euros. For comparison, in 2019 this figure is 1 million transactions for 250 million euros. today supports over 30 cryptocurrencies and tokens and converts them into over 20 fiat currencies, making it suitable for cross-border payments.

In 2020, the company also implemented a number of improvements to make the service even more popular among users.

Here are just a few of them:

  • 90% of Bitcoin deposits are credited immediately and do not require confirmation in the block;
  • users do not pay commission to miners when sending bitcoins;
  • the service allows you to generate several types of invoices;
  • flexible tariff plans for clients with different turnover of funds;
  • integration with Praxis, Devcode and Betconstruct

The CoinsPaid ecosystem combines several projects at once: a crypto processing service, a cryptocurrency exchange, an over-the-counter trading platform, a hot wallet system for storing cryptocurrency. Also this year, CoinsPaid passed the security check of the blockchain services of Kaspersky Lab, which confirms the reliability of using any of the ecosystem resources.