Cryptoprocessing.com

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Cryptoprocessing.com
Type Private
Industry Financial services
Founded 2014
Headquarters Harju Maakond, Tallinn, Lasnamäe Linnaosa, Peterburi tee 47, 1141, Estonia
Area served Worldwide
Key people Max Krupyshev (CEO), Marilena Scicluna Farrugia (Head of Business Development), Irina Valentovich (CSO), Dmitry Ivanov (CBDO), Ilya Shmakov (COO)
Services Blockchain, Finance, Payment processing, Digital exchange
Employees 30-50[citation needed]
Website cryptoprocessing.com

Cryptoprocessing.com (formerly CoinsPaid) is a provider of crypto payment processing services based and licensed in Estonia and headquartered in Tallinn. The company's principal business is to process cryptocurrency payments between merchants and individual owners of blockchain wallets, both under its own brand and as a whitelabel service.

The technology behind Cryptoprocessing.com was created in 2014 by the Austrian company Merkeleon Gmbh as a processing tool for the turnkey cryptocurrency exchange solution Merkeleon SaaS. The processing service became an independent company in 2018. In 2019, the infrastructure of Cryptoprocessing.com passed an audit by Kaspersky Labs.

History

Cryptoprocessing.com was originally developed by the B2B software provider Merkeleon Gmbh in 2014. Merkeleon, in turn, had originated from SoftSwiss – a major developer of software for online casinos.

Until 2018, the new crypto processing service operated as part of Merkeleon's turnkey cryptocurrency exchange solution. It was still as part of the Merkeleon that the infrastructure of CoinsPaid was first audited by Kaspersky Labs[1]. In 2018, it was launched as a separate product under the brand CoinsPaid.

In May 2019, the leading online casino BitStarz began accepting Bitcoin using the solution from Cryptoprocessing.com (then still CoinsPaid). This was followed by similar partnerships with WildTornado (June 2019), TrueFlip (July 2019), and Playamo (September 2019).

In June 2019, the company established a partnership with GAP600 – an instant Bitcoin transaction engine, allowing CoinsPaid to process instant crypto payments [2]. In November 2019, the company successfully passed a security audit by Kaspersky Labs.

In November 2019, CoinsPaid participated in the AIBC blockchain summit on Malta. Overall in 2019, the company processed over 265 million euro worth of transactions [3].

In January 2020, CoinsPaid was rebranded as Cryptoprocessing.com. As of January 2020, the company's payment processing solution serves 220+ merchants worldwide and supports 31 digital currency and 23 fiat currencies. The company will participate in the ICE gaming conference in London in February 2020. On January 10, 2020 it was announced that Cryptoprocessing.com will also sponsor a VIP blockchain and gaming networking event during the ICE event, organized by CoinPoint [4].

References

Template:Cryptocurrencies