Wealth & Finance Business Awards 2017

www.wealthandfinance-news.com 6 Wealth & Finance International - 2017 Business Awards “At Coinpayments we try not to integrate existing technologies, but develop them in an effort to grow our industry. Alongside many others, we have been pioneers in this emerging sector of digital finance. We are very active in the community and have partnered with innovators to help blockchain technology become what is today. Our core developer team is comprised of some of the brightest minds in the fintech world, who pride themselves on developing leading edge technology. Efficiency is key for us, as we operate with a very tight core group and strive to maximize the output of each individual.” Alongside its collaborative approach with clients, Coinpayments strives to work closely with its internal team to ensure excellence, as Alex is eager to emphasise. “Internally, our team is very close. We have spent a great deal of time building trust and friendship within our group. This trust is integral to the security of our firm and ensures that people are happy to be here. This enhances our customer experience as we are all working for the greater good of the company and ultimately benefit from its success. Everyone who works for CoinPayments is a shareholder and the loyalty to the company and to each other is the backbone of our corporate identity. We work in an open-style office space and encourage each employee to collaborate on projects and work together. “Additionally, we also have regular Corporate Retreats including various team building exercises and ensuring our team stays close and ideas stay fresh. We are also huge advocates of travel, and within our industry we have the luxury of working anywhere in the world. Our head office is the epicenter of most of our innovation and embodies this culture fully, however we have core developers in different parts of the world that contribute many of our inventions. It was very important for us to find a unique and inspiring spot for day to day operations, and our workplace is more like a second home. “Fundamentally, we strive to be at the forefront of this emerging market and the peripheral industries. We are fluid in our business model and constantly adapt to bring the very best in services and features to our clients. We have weekly meetings with core members of our team every Monday to ensure we are all on the same page and maximizing efficiency. Because of the nature of our business and how quickly things can change daily, this is vital to remain relevant and stay at the forefront of financial technology. A year ago, the majority of our business was merchant based transactions, but as the ICO craze started to grow, we had to shift focus and direct our attention to where the market was headed. We believe this industry is still in the early adoption phase, and there is still so much room to grow. As we continue down this path to the future of finance, we will continue to cultivate this brilliant technology and usher in a new era of decentralized banking.” Thanks to its leadership in this rapidly evolving market, Coinpayments has an invigorating future ahead, as Alex is proud to conclude. “As we look to the future, we expect to see a mass adoption of Cryptocurrencies over the next few years, and with that comes the need for regulations to provide guidance, protection and stability. We do not fear this progression, but rather hope that misinformation does not lead to misdirection when creating the legislation which will one day apply to this industry. “When working in this fast-paced environment, you start to realize that the future is now. We are witnessing a massive overhaul of the current financial system, that is going to allow people to take control of their own money and privacy without the need of a central institution on untrustworthy third parties. In the last 12 months, over $2 billion dollars has been raised in ICO by over 200 blockchain companies worldwide. This is just the beginning of a financial revolution, the technology is growing so quickly, that it out-paces traditional regulators and policy-makers. Faster than any new type of market in history, people are quickly learning the ins and outs of cryptocurrency. Additionally, we have added new features to our service including our $PayByName technology, that allows all Coinpayments users to send any of our 80 supported cryptocurrencies between each other via a nickname or “cashtag”, rather than using each individual wallet address. The future will include smarter investors, more in depth white papers, and likely a sort of self-regulation never seen before in the financial world. “Ultimately, Blockchain Technology is the most exciting and important development of our generation. We are excited to be at the forefront of this emerging new technology. As pioneers on these new frontiers, we hold a great responsibility to adapt to the fast changing markets and implement systems to help newcomers decipher this new world. We are currently in a wild-west sort of situation, but we have barely scratched the surface. The way payments are processed and the way money is handled will never be the same. There are over 2000 different digital currencies in the world today and that number is growing rapidly. Markets are being heavily manipulated due to low liquidity and high speculation and uncertainty. Coinpayments is one of many contributors to this paradigm shift and we cannot wait to see what the future has in store.” “Initially, Coinpayments accepted Litecoin and Peercoin, because at that time no one else in industry was offering support for cryptocurrencies outside of Bitcoin.”