We are lucky because at AIBC Summit Dubai we had the opportunity to talk to many important companies from the blockchain world. One such company is CoinsPaid, which has been announced the Payment Provider of the year 2021. At the conference, we spoke with their Sales Manager – Taras Kolesnikov.
CoinsPaid – crypto payment processing gateway
CoinsPaid is the world’s largest crypto payment processor and currently occupies the first place by the number of transactions in the iGaming sphere.
In the last couple of years, the company has reached some outstanding results. Among their achievements: current market share of 5% of all on-chain Bitcoin transactions, EURO 1,25B processed in crypto in 2020, 600+ satisfied online business.
The CoinsPaid ecosystem supports 30+ crypto and 20+ national currencies. The company is well known for its B2B solutions such as Cryptoprocessing by CoinsPaid, Exchange and OTC Desk, B2B Wallet, and many more. B2C Wallet for individual use is available in a web version now, and its mobile application is expected soon.
The business development challenges
CoinsPaid is growing in the number of clients and services offered very quickly.
The company is looking at the LatAm region as a potential new market, and lots of work is focused on this region. At the same time, the company continues improving its products’ business side and is looking for Swift providers partnerships. Currently, CoinsPaid settlements are available within the SEPA zone only, which limits business opportunities for them. Swift partnership establishment will mean almost no restrictions in financial payments globally.
Crypto is the future
We asked Taras what he is thinking about the future of crypto. He replied shortly – crypto and blockchain is the future. Cryptocurrencies are winning more and more popularity each week. He believes that cryptocurrencies will soon be fully adapted and become the common legal tender.
The payment provider of the year 2021
The best companies in the tech and blockchain world in 13 categories were announced at the AIBC Summit in Dubai. Before the event, hundreds of people voted for their favorites. CoinsPaid won the Payment Provider of the year 2021. Such a distinction certainly opens up new opportunities for the company. But what does CoinsPaid itself say about the victory? We asked them. There is CoinsPaid answer:
“Happy and proud to get this recognition from the AIBC summit! We feel we deserve to hit this place in 2021”
CoinsPaid officially announced the start of IDO
On 1st of June, CoinsPaid officially announced that they’re launching their IDO. In July 2021 the company will release a CPD token. Token will function within their existing ecosystem and its main features are summarized below. More information on the current IDO can be found here.
CPD Token main features and benefits:
- 30% discount on the fees paid in CPD and an additional 20% discount for CPD holders. Total is up to 50% discount on operations
- 10% discount for B2B customers for token promotion
- CPD token operations are also performed with a 50% discount
- DeFi staking rewards
- Monthly CPD burns, which intend to prevent any CPD token inflation
- Token swaps will be available for ETH, BSC, SOL and EOS chains to offer merchants an extensive choice of blockchains
- Discount on future marketing services & products
- Total token supply: 800M
As this short analysis provides, this model of implementation might be very interesting for those yet not within the CoinsPaid ecosystem. The company is currently going through a private sale round; there is a 2% of the total IDO pool that will be available for the public sale for those pre-registered in the waiting list.