CoinsPaid price

CPD

CoinsPaid is a comprehensive cryptocurrency payment service provider, catering to both individual and business needs. It emerged as an independent entity in 2018, having originally been developed as an internal product. The organization is dedicated to bridging the gap between cryptocurrency and traditional financial systems, aiming to integrate digital currencies into everyday transactions. With a robust team of over 100 technology specialists, CoinsPaid has established itself as a significant player in the crypto payment sector, processing substantial amounts of cryptocurrency transactions monthly.

For businesses and merchants, CoinsPaid offers a versatile cryptocurrency payment solution that supports a wide array of digital currencies, including but not limited to Bitcoin, Ethereum, and Litecoin. This solution is designed to cater to the specific needs of businesses, providing a multi-currency wallet that facilitates fast, secure, and cost-efficient transactions. By eliminating transaction limits and chargebacks, it serves as a universal payment tool for a diverse range of business applications.

A key component of the CoinsPaid ecosystem is the CPD token, which plays a pivotal role in linking on-chain and off-chain products within the ecosystem. The CPD token offers several utility cases, including serving as the fuel for a future DeFi dashboard, offering up to 50% discounts for CPD staking and payment of fees in CPD, and providing additional discounts on future services. The demand for the CPD token is bolstered by the consistent growth of the CoinsPaid processing business, which sees an annual increase in client portfolio, transaction volumes, and the number of processed transactions.

CoinsPaid's success is underscored by its significant market presence, processing a notable percentage of all on-chain Bitcoin transactions and handling over billions worth of crypto in a single year. With a growing base of merchants and millions of customers, CoinsPaid has been recognized as a leading crypto payments provider, earning accolades such as the Payment Provider of the Year at the AIBC Summit Awards. Furthermore, it is the first crypto gateway to pass multiple security audits, highlighting its commitment to providing a secure and reliable service.

In conclusion, CoinsPaid stands as a key player in the crypto payment ecosystem, offering a range of services designed to facilitate the seamless integration of cryptocurrency into the broader financial landscape. Its dedication to security, coupled with its innovative CPD token, positions CoinsPaid as a forward-thinking organization poised to continue its expansion into the DeFi space.

To ensure the security of its ecosystem, CoinsPaid has integrated several advanced security measures. The platform's hot wallet, a critical component for immediate transaction processing, incorporates a whitelist of approved addresses. This feature restricts outgoing transactions to only those addresses that have been previously verified and deemed safe, significantly reducing the risk of unauthorized transfers.

Further enhancing security, CoinsPaid employs role-based access control (RBAC) within its system. RBAC ensures that access to sensitive information and critical functionalities is strictly limited to users based on their roles within the organization. This minimizes the risk of internal threats and accidental or deliberate misuse of the system.

Regular financial and security audits are another cornerstone of CoinsPaid's security framework. These audits are conducted by reputable third-party organizations and are designed to identify and rectify potential vulnerabilities within the system. By undergoing these rigorous evaluations, CoinsPaid demonstrates its commitment to maintaining the highest security standards.

In addition to these measures, CoinsPaid has a history of implementing cutting-edge security features and undergoing audits to improve their security posture, especially in response to past breaches. This proactive approach to security ensures that the platform remains resilient against evolving cyber threats.

The platform's dedication to security is further evidenced by its achievement of being the first crypto gateway to pass three security audits conducted by renowned firms. This not only underscores CoinsPaid's robust security infrastructure but also its position as a leading crypto payments provider.

It's important for users and potential investors to conduct their own research and consider the security features of any platform before engaging with it. CoinsPaid's comprehensive security measures reflect its commitment to safeguarding its ecosystem and its users' assets.

CoinsPaid is designed to serve as a comprehensive cryptocurrency payment solution, catering to a wide array of financial transactions and services. This ecosystem is tailored for both businesses and individual users, facilitating seamless interactions between cryptocurrency and traditional financial systems. It supports transactions, deposits, withdrawals, and exchanges, alongside offering functionalities such as callbacks, invoicing, and comprehensive API documentation for integration purposes.

The platform is recognized for its robust security measures, having undergone multiple independent cybersecurity audits to ensure a secure environment for its users. This reassurance is crucial for businesses looking to adopt cryptocurrency payment methods, providing them with a legal and reliable option. CoinsPaid's infrastructure is built to support over 50 cryptocurrencies, making it a versatile choice for merchants and customers alike.

Beyond its payment processing capabilities, CoinsPaid is venturing into the decentralized finance (DeFi) space, aiming to create a bridge between real-world business operations and DeFi applications. This expansion is supported by the CoinsPaid Token (CPD), which serves as the utility token within the ecosystem. The CPD token offers various benefits, including reduced transaction fees, discounts for B2B customers, and serves as a fuel for future DeFi dashboard functionalities. Its design ensures that its value is not directly impacted by market fluctuations, providing a stable option within the ecosystem.

The platform's success is evidenced by its significant transaction volume, processing 7% of all on-chain Bitcoin transactions and handling over $6 billion worth of crypto in a single year. With a growing portfolio of over 800 merchants and 6 million customers, CoinsPaid is positioned as a leader in the crypto payment sector. Its achievements have been recognized within the industry, earning it awards and accolades for its payment solutions.

In summary, CoinsPaid offers a secure, efficient, and versatile ecosystem for cryptocurrency transactions and services, bridging the gap between traditional finance and the evolving DeFi space. Its commitment to security, global accessibility, and continuous innovation makes it a pivotal player in the cryptocurrency payment industry.

CoinsPaid has experienced several significant milestones and events that have shaped its journey in the cryptocurrency and blockchain space. Initially, it marked its independence as a company in 2018, a pivotal moment that laid the groundwork for its future endeavors. In 2019, the organization took a significant step by appointing Max Krupyshev as CEO, bringing new leadership and vision to the team. This move was instrumental in steering the company towards achieving its goals.

In 2022, CoinsPaid achieved a remarkable feat by becoming the world's leading crypto payment gateway. This accomplishment underscores the company's commitment to providing secure and efficient payment solutions in the cryptocurrency ecosystem. The recognition is a testament to the trust and reliability it has built among its users and partners.

However, the journey has not been without challenges. CoinsPaid faced a security breach orchestrated by the North Korean threat actor Lazarus Group, resulting in the theft of $38 million. This incident highlights the persistent security threats in the digital asset space and the importance of robust security measures.

Despite the setback, CoinsPaid has continued to innovate and expand its services. It has actively participated in various cryptocurrency and blockchain conferences, showcasing its solutions and engaging with the community. This engagement is crucial for staying abreast of industry trends and fostering partnerships.

CoinsPaid's ecosystem has grown significantly, processing over $6 billion worth of crypto in 2021 alone and handling over 9 million crypto transactions. With over 800 merchants and 6 million customers, its impact on the crypto payments landscape is undeniable. The company's success in processing a significant percentage of on-chain BTC transactions further cements its position in the market.

The introduction of the CoinsPaid Token (CPD) is another key development, offering utility within the ecosystem, such as discounts and lower fees. This utility token is designed to facilitate seamless transactions and incentivize participation within the CoinsPaid ecosystem.

In summary, CoinsPaid's journey is marked by significant achievements, challenges, and continuous growth. Its role in bridging the gap between traditional business and the DeFi space, coupled with its commitment to security and innovation, positions it as a key player in the crypto payments industry.