Post ICO Digest

ICO successfully finished on 1 November 2017

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Currently we’re working on

Card programme

We’re entering the closing stages for the implementation of our new card programme and we’re happy to say that our customers will be able to use our cards in Europe, the Russian Federation, and Southeast Asia. Check our progress ›

Bitcoin Stock Brokerage

Currently our CBDO George Basiladze together with legal advisors are working on the compliance and regulatory framework for the brokerage business model. You can expect more information to be released as we make more progress on this new service.

Cryptopay Team

Map
employees
92
Engineers
33
Support
18
offices
3

With over 90 employees located in three cities — London, Lisbon, and St. Petersburg

— our team works tirelessly to develop the best products for our users.

George Basiladze

George Basiladze

Founder and CBDO

George has had experience at different investment firms and also holds an in-depth knowledge of financial systems. He’s an experienced professional with a background in PE/VC and corporate finance. He along with Dmitry Gunyashov founded Cryptopay back in 2013.

Dmitry Gunyashov

Dmitry Gunyashov

Founder and CEO

Dmitry is a long-term bitcoin supporter and has been involved with the blockchain community for more than 5 years. Dmitry was engaged in building e-commerce businesses for more than 7 years and successfully managed the development of multiple payment systems in the past.

Pavel Makarenko

Pavel Makarenko

CTO

With over 10 years of engineering for a range of businesses including 5 years of banking and e-money software development, he’s truly a jack of all trades when it comes to implementing and managing various technical systems. Pavel draws on his huge programming and managerial experience to make sure everything is done right.

Eric Benz

Eric Benz

NED

Eric has delivered innovative SaaS systems for some of the biggest institutions around payments, identity, and banking infrastructure. Ever since hopping on the blockchain wave in 2012, Eric has been involved in a number of blockchain fintech businesses both as an investor and a board director.

Alexey Sidorov

Alexey Sidorov

CFO

Alexey has nearly a decade of financial experience, with master’s degrees in Automated Information Processing and in Business Economics, and 6-years audit and consulting experience at the Big4 company. His skills have proved invaluable from a managerial and financial perspective: with the company nearly doubling in size during the past year, Alexey has been instrumental to the continuing growth of Cryptopay.

Velin Vlasev

Velin Vlasev

Card Programme Director

Velin joined Cryptopay specifically to launch and run our new card programme. With experience at some of the biggest card issuing banks in the EU, Velin was an obvious choice for us to bring back our cards.

Elias Vilochkin

Elias Vilochkin

Head of Support

Elias has been in the IT industry for 6 years already. He joined our team in 2016 to help build the customer success team by using the industry’s best practices and his own experience acquired at VKontakte. He is a true professional, skilled at team-building, and with a great knowledge of conflict resolution.

Alexey Gunyashov

Alexey Gunyashov

Head of Compliance

Alexey has been with Cryptopay almost since its inception. A dedicated compliance officer, he holds an exhaustive understanding of the field and always makes sure that our service is compliant with industry standards and regulations.

Pavel Mityukhin

Pavel Mityukhin

Head of Marketing

The newest member of our team, Pavel is experienced in technical product marketing as well as brand strategy development. Prior to joining Cryptopay he drove acquisition campaigns for some well-known brands such as MediaCom, Unicredit Bank, Subway, and Radisson. We’re happy to have him and we know his skillset will only further improve Cryptopay.

Tom Bloor

Tom Bloor

B2B Account Manager

Tom has a background in managing multiple high-value accounts, and a thorough understanding of using events and marketing for brand building. Tom, joining our team last November to work on our B2B merchant processing services, was the exact complement we needed to further this aspect of our service.

Misha Savranski

Misha Savranski

Art Director

Misha has been working for over 10 years in various design positions, including 5 years of experience as an art-director at several advertising agencies. Tapping into his knack for art design and broad work background, he’s been the creative force making the design of our site clean, user-friendly, and easy to navigate.

Artem Bulich

Artem Bulich

Head of Mobile Development

Artem joined us a nearly a year ago, and since he began managing our mobile team, we’ve seen our Android app launch to great success. As a result of his work, we can confidently say both our iOS and Android apps are the best in the industry. Not to mention he was the one behind our user favourite, CPay Miner game.

CPay Talks

George Basiladze Founder and CBDO, George Basiladze “Treat your clients with respect, they should trust you and know that you’re not using them for your own gains, but creating something to benefit them.” Read full interview › Misha Savranski Art Director, Misha Savranski “I believe you got to love what you do. With that ability, you can reach success in any field. No matter what you do, from plumbing to politics, you will be the best, if you are a fanatic of it.” Read full interview › Alexey Sidorov Chief Financial Officer, Alexey Sidorov “Once cryptocurrencies have achieved legal status in major countries, which is really not that far away, we will see a giant leap towards a unified financial sphere” Read full interview › Velin Vlasev Card Programme Director, Velin Vlasev “Both schemes have however recently clarified their position and this should go long way to allowing such card programme to be approved officially...” Read full interview › Elias Vilochkin Head of Support, Elias Vilochkin "A model support agent is capable of understanding a person’s needs, sympathising with the problem or even just laughing together with the client." Read full interview ›

Timeline

Bitcoin payment gateway

The bitcoin payment gateway was the first product released by Cryptopay. We began providing merchants with the ability to accept and send bitcoins without the risk of actually holding bitcoins. Most merchants use our API and SLA guarantee, and we continue developing features to meet their specific needs to this day.

Bitcoin wallet and exchange

The Cryptopay wallet is the core product that laid the foundation for all of our services and products. In 2015 we began offering a wallet that has a simple exchange service. To make it even more convenient, we began offering FLEX accounts and instant exchange options. Whenever a user sends bitcoins to one of these fiat-denominated wallets (GBP/USD/EUR), it is instantly converted into the corresponding currency, and there's no need for additional manual operations.

Prepaid card

The Cryptopay prepaid card was launched in early 2016 and was one of the first digital currency cards on the market. At that time, the card was the first real tool that brought bitcoin to the mainstream. It allowed any bitcoin holder to spend their coins, online or otherwise anywhere traditional payment cards are accepted. Paired with the digital wallet, it allowed users to utilise their bitcoins in day-to-day life.

This first generation of prepaid cards successfully served our users until early January 2018 when WaveCrest, Cryptopay's card service provider, lost its Visa licence.

Mobile application

The iOS and Android apps that allow users to utilise our services on the go.

Card programme

In 2017 we started doing business with a new card issuer and developed the second generation of our prepaid cards. Acting as the programme manager, we were registered with the card scheme and certified it under PCI-DSS. The second generation of cards was completely redesigned. Not only did we update the physical design, but we also improved the functionality of the card, and it was backed by a new technology stack.

After a great start and initial roll-out of the new cards to all Cryptopay users in Q4 2017, we were unfortunately forced to shut this programme down due to a disagreement with the BIN provider.

Gift cards

A gift card for your family, friends, or yourself, backed by bitcoin. They were available for UK residents for use at seven retailers: Amazon, Nike, Debenhams, Tesco, Starbucks, Costa Coffee, and Jet2holiday. The program has stopped its run in May of 2018, and we have moved on to develop new products.

Buy BTC with a credit or debit card

After linking a credit or debit card of their choice, users can buy BTC and have them almost instantly credited to their Cryptopay account. With competitive fees and the option to buy bitcoin using GBP, EUR, or USD, effectively giving users two ways to get bitcoins through our service.

Litecoin wallet and exchange

We now support LTC in our digital wallets. LTC is the second cryptocurrency to be implemented by Cryptopay.

Buy LTC with a credit or debit card

Soon after the release of our LTC wallet and exchange, we began providing users with the option to buy LTC directly with a linked credit or debit card. It works exactly like buying BTC with a bank card.

XRP wallet and exchange

We now support XRP in our wallet as the third cryptocurrency supported by Cryptopay.

ETH wallet and exchange

Beta testing our newest feature.

Full implementation of ETH into our wallet.

Own card programme under our full control

Card service software for the new card programme integration.

Initial contacts with 3 new card issuers.

NDA and letters of intent to start business operations.

Meetings with heads of finance, compliance, operations, as well as senior business development executives. Unofficial approvals of our business model with card providers in Europe, the Russian Federation, and SE Asia allowing us to begin card service integration.

Agreement with card manufacturer and receipt of first plastic cards samples. Contract with DHL, allowing deliveries worldwide.

Agreement with our issuing bank to issue some of the first prepaid cards in the Russian Federation.

Finalisation of deal with our issuing bank in the Russian Federation and preparation to ship the first batch of cards to clients in Moscow and St. Petersburg.

  • Multi-tenancy support for the card programme software (making the programme adaptable for use by multiple card providers simultaneously);
  • Official approval by the card issuers and Visa to become an Approved Card Programme Manager;
  • Card programme’s final setup and launch with the already contracted and integrated Issuing Processor.

Standalone B2B service

ERC20 Tokens wallet and exchange

Bitcoin stock brokerage

Bitcoin bank account

P2P platform

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