CoinsPaid, one of the world’s top crypto payment companies, had a record year in 2021, with processed volume jumping by 340 percent, over 1 million transactions per month, and a historic CPD token launch. In 2022, the corporation plans to capitalize on its success by expanding into Latin America and launching a large-scale token marketing campaign.
Payment volume has increased by 340 percent
CoinsPaid is one of the largest crypto payment ecosystems, with a gateway, business, and personal crypto wallets, an OTC desk, currency conversion tools, a SaaS solution, and even one of the first recurring crypto payment solutions. In the EU, the company is licensed and regulated, and it assists over 800 online businesses in accepting cryptocurrencies.
CoinsPaid processed 5.5 billion euros in crypto payments in 2021, a 340 percent increase from 2020. The company’s transaction volume increased by 170 percent, surpassing 1 million per month for the first time. These figures indicate the growing popularity of cryptocurrency as a payment mechanism and CoinsPaid’s popularity. Indeed, the service is well-known for its low, transparent fees, simple integration, and extensive industry knowledge.
In the meantime, CoinsPaid’s crew expanded by 140 percent to 125 members, and several of the products were updated. A new B2C wallet for iOS and Android was released, and a one-of-a-kind recurring crypto payment solution was dubbed Plug and Pay.
CoinsPaid is poised to expand into new markets with these dependable processing options. The service has already established a company entity in El Salvador (one of the world’s most crypto-friendly jurisdictions) and plans to expand across Latin America in the coming months.
CPD token: finally connecting traditional and DeFi enterprises
The total value locked (TVL) of the DeFi sector will have increased from $25 billion to more than $100 billion by 2021. As the rates on traditional financial products continue to fall, customers are turning to crypto staking, liquidity mining, and lending to earn yields of up to 50%. However, businesses are largely excluded from the DeFi world: some are concerned about legality, while others don’t know where to begin.
CoinsPaid is ideally positioned to bridge this gap as a crypto payment provider supporting over 800 retailers. Its developing payment ecosystem comprises a number of DeFi tools geared towards businesses and is centered around CPD, a utility and loyalty token.
Merchants who stake CPD in their CoinsPaid dashboard receive up to 50% off processing and currency fees. The discount is enhanced when a merchant also utilizes CPD tokens to pay the fees.
Staking is a basic solution that is great for getting organizations started with DeFi. The next step will be a multifunctional DeFi dashboard, which will provide merchants access to somewhat more complex but highly appealing financial products. Clients of CoinsPaid will be able to add CPD as a payment option to their website, in addition to the other 30+ cryptocurrencies offered by the gateway.
CPD was released in September 2021, with an industry-first IDO that ran on three blockchains concurrently. The DAO Pad seed sale was 25x oversubscribed, and the TGE (token generation event) DEX liquidity was the greatest of any IDO project ($1.6 million). There are over 1,300 CPD holders as of January 2021.
CoinsPaid has introduced two yield farming programs on Ethereum for liquidity providers who support CPD, in addition to staking for merchants. In the first quarter of 2022, a new farming instrument on BSC is planned.
The year 2022 will be remembered as the year of CPD token acceptance
CoinsPaid is ready to move to the next stage after a successful token launch: token marketing. CoinsPaid, as a fully regulated provider, is required to get legal opinions in the EU before launching a token marketing campaign.
As of January 2022, the company had secured a legal opinion from the well-known Liechtenstein-based BCAS firm, which has worked with key players such as Waves, Bitrix Global, and BitPay. A second legal opinion from a German firm should be released soon, after which CPD marketing can begin safely.
The proposed campaign will include articles in key crypto media, advertising on Dextool, BSCscan, and Coinmarketcap, airdrops and viral contests, bounty campaigns, and more. CoinsPaid will also provide new partner and ambassador programs, as well as a cryptocurrency academy.
The campaign will reach a wide range of regions, including Latin America, Turkey, Vietnam, the CIS, and Spain. The goal is to expand the number of CPD holders and reach 150-200k subscribers by the end of the year.
The CPD token will also be available on a number of well-known cryptocurrency exchanges. Negotiations are currently underway with platforms such as ByBit, Gate.io, Bittrex, and many others.
