At CoinsPaid, we turn complex blockchain systems into user-friendly functionality, shielding our merchants from the complexities of crypto payments: Max Krupyshev

“Overall, we believe that it's our people who truly set us apart.”

CoinsPaid is a leading payment ecosystem of innovative crypto solutions for businesses and individuals. As an Estonia-licensed crypto services provider, CoinsPaid aims to satisfy the world’s everyday needs using cryptocurrency, offering products to prepare for the new era of digital assets.

CoinsPaid products such as Payment Gateway, Business Wallet, Exchange & OTC Desk, Crypto SaaS, Hot Wallet, and Explorer, effectively empower merchants to engage with cryptocurrency, ensuring security, convenience, and heightened functionality. With a dedicated team of over 200 in-house specialists, the company remains committed to prioritising customer satisfaction, transparency, and security. CoinsPaid is headquartered in Tallinn, Estonia.

The Silicon Review contacted Max Krupyshev, CEO of CoinsPaid, for an interview, and here’s what he had to say.

Interview Highlights

Q. How does CoinsPaid mitigate the impact of cryptocurrency volatility when facilitating transactions for businesses?

CoinsPaid tackles the challenge of cryptocurrency volatility head-on by offering a solution designed to freeze prices for five minutes after transaction initiation, regardless of the currency selected, preventing any rate fluctuations.

Moreover, we offer a wide range of stablecoins, including USDT, USDC, BUSD, and DAI, that allow our merchants to avoid crypto volatility. Our internal data shows that stablecoin usage is on the rise: in 2023, USDT amounted to 72% of CoinsPaid overall transaction volume, while BTC payments made up only 19%.

In addition, CoinsPaid supports over 40 fiat currencies, enabling our merchants to instantly convert any crypto into fiat with the further withdrawal directly to a bank account. In essence, CoinsPaid’s integration of stablecoins and automatic conversion mechanism ensures that businesses can accept cryptocurrency payments with confidence, without being unduly exposed to the unpredictable fluctuations in cryptocurrency prices.

 Q. How does CoinsPaid differentiate itself from other cryptocurrency payment solutions in the market?

CoinsPaid stands out in the crowded market of cryptocurrency payment solutions in the following ways:

Around the clock support: CoinsPaid offers merchants a personalised approach with dedicated account managers on hand who assists every step of the way. This relates not only to the crypto payment gateway, but to any one of CoinsPaid’s solutions, including the Business Wallet, Exchange & OTC Desk, Crypto SaaS, and Custody solutions.

Recognition and Awards: CoinsPaid’s commitment to excellence has been recognized through numerous awards, including Forbes - Best Crypto Payment Gateway for High-Volume Transactions. Other accolades include the EGR B2B Awards, MiGEA Excellence Awards, SiGMA Balkans Awards, Digital Banker accolades, and World Business Outlook Awards. These accolades underscore CoinsPaid’s industry leadership and dedication to driving innovation in cryptocurrency payment solutions.

Convenience and User-Friendliness: At CoinsPaid, we turn complex blockchain systems into user-friendly functionality, shielding our merchants from the complexities of crypto payments. Our solutions are designed to satisfy the needs of any business model through multiple payment methods supported, including invoices and automated channels.

Security and Reliability: CoinsPaid prioritises the security of its customers’ funds and transactions. The platform undergoes independent security audits by reputable firms like 10Guards and HACKEN, minimising the vulnerabilities. Additionally, CoinsPaid employs a multilevel wallet system and implements stringent security protocols to safeguard against cyber threats and fraudulent activities.

Q. What specific features make CryptoProcessing.com the preferred choice for businesses seeking to accept crypto payments?

Firstly, CryptoProcessing.com stays ahead of the curve in terms of technological advancements and regulatory developments. This ensures that businesses can navigate the complexities of digital payments with confidence and agility.

Personalised support is another hallmark of the CryptoProcessing.com experience. Each merchant is assigned a dedicated personal manager who offers tailored assistance and guidance throughout the integration process and beyond. Additionally, the platform provides 24/7 customer support, ensuring prompt resolution of any issues or queries.

Versatility is a key strength of CryptoProcessing.com, offering multiple payment options to suit various business models and preferences. Whether merchants prefer to receive payments in specific cryptocurrencies, stablecoins, or fiat currencies, CryptoProcessing.com accommodates their needs seamlessly. Moreover, the Mass Payouts functionality ensures that businesses looking to process up to one hundred individual transactions at once can do so quickly, securely and with ease.

Global currency support enables merchants to transact internationally without worrying about currency conversions. With over 20 cryptocurrencies and more than 40 fiat currencies available, CryptoProcessing.com facilitates instant conversion from crypto to fiat, with funds withdrawn directly to merchants’ bank accounts.

For more information, please visit: https://en.cryptoprocessing.com/

Q. Could you provide examples of businesses or industries that have successfully utilised the CoinsPaid ecosystem for cryptocurrency payments, and what benefits they have experienced?

CoinsPaid services hundreds of merchant accounts. One notable example is Mirai Flights, a UK-based company offering private charter services in Europe and the Middle East.

By partnering with CoinsPaid and integrating the seamless crypto payment solution, Mirai Flights experienced a significant boost in revenue, with a remarkable 30% increase. This partnership changed the way travellers book flights, allowing them to seamlessly pay with cryptocurrencies.

Mirai Flights’ decision to adopt cryptocurrency payments was driven by the desire to streamline the booking process for its clients, particularly those who require fast confirmation of payment for same-day or next-day departures. By leveraging CoinsPaid’s payment gateway, Mirai Flights can now confirm payments within minutes, offering unparalleled convenience and flexibility to its customers.

Moreover, Mirai Flights has reaped substantial cost savings by accepting cryptocurrency payments. Compared to traditional bank card payments, which entail hefty fees, using crypto as a payment method has enabled Mirai Flights to save anywhere from 40% to 75% in transaction fees. This cost efficiency has further contributed to the company’s profitability and competitive edge in the private charter services sector.

Q. Tell us about the CoinsPaid team. What value do they bring to the company?

We're a vibrant, global community, and we certainly believe that our corporate culture sets us apart in the industry. 

We ensure a comfortable workplace for both remote workers and those that are in-office, where everyone feels valued and motivated. Everyone is included in training calls and community events, which helps each one of us feel connected – from the PR department through to Sales.

At CoinsPaid, each team member plays a critical role in navigating the choppy seas of crypto. Our culture celebrates collaboration, creativity, and a relentless pursuit of excellence. Overall, we believe that it's our people who truly set us apart. 

For more information, please visit: https://coinspaid.com/ 

Max Krupyshev | CEO

Max Krupyshev is an entrepreneur with long-standing experience in developing FinTech and crypto projects. Having entered the world of crypto in 2013, he stood at the origins of this market in Ukraine, launching a Bitcoin Foundation and Satoshi Square Kyiv to promote crypto adoption in the country.

In 2015, Max moved to Berlin, where he involved himself in several projects surrounding mining, crypto payment processing, wallet development, and more. Among other things, he was the product owner for CEX.IO, a global cryptocurrency ecosystem, and market leader.

Later in 2019, Max joined CoinsPaid as CEO. The above-mentioned experiences allowed Max to thoroughly understand how cryptocurrencies and blockchain work in all their aspects.

As the CEO of CoinsPaid, Max sets the goal for the company to become the connecting link between crypto and traditional businesses. He drives this ideology forward by seeking out new partners and expanding the borders of the company’s services.

“At CoinsPaid, each team member plays a critical role in navigating the choppy seas of crypto. Our culture celebrates collaboration, creativity, and a relentless pursuit of excellence.”