Bitcoinizing Lithuania: All you should know about crypto in Vilnius

Today cryptocurrency is becoming increasingly popular. It is gradually winning the confidence of the public. There is no coincidence. All cryptocurrencies are based on the same unique technology with great potential called BLOCKCHAIN.

Decentralization, transparency, reliability, invariability — key blockchain features.

About 40 million people own cryptocurrency. 55% of them are open to use Bitcoin for everyday transactions.

The only problem is: there is almost no way for people to spend it.

Not every merchant is ready to accept Bitcoin for goods and services. Most of them are afraid to lose money because of the volatility rate. We’ve found a solution. We convert cryptocurrency to merchant’s base currency at the current rate of the moment of a payment.

CopPay is a blockchain platform for cryptocurrency payments. The company was founded in Vilnius, Lithuania in 2017.

Our missions:

  • to make cryptocurrency payments simpler than credit cards;
  • to develop supranational payment infrastructure;
  • to spread the knowledge about blockchain technology.

CopPay allows merchant to accept cryptocurrency and receive EUR, GBP, USD eliminating volatility risks. The service is absolutely free with 0% transaction fee for merchants.

CopPay designed for:

  • SMALL AND MEDIUM BUSINESSES
  • E-COMMERCE
  • RETAIL NETWORKS

Right now BUYER can pay with 8 different types of cryptocurrencies: Bitcoin, Ethereum, Ripple, Litecoin, Dash, NEM, Steem, Steem Dollars. The list of tokens is constantly updated.


Let’s consider the example for easy understanding the CopPay gate working process:

  • A buyer wants to buy a cake which costs €70 and pay for it with Bitcoin (BTC).
  • Merchant create an order in CopPay gate* and let the buyer to scan QR-code via his cryptocurrency wallet.
  • After successful transaction confirmation** the buyer receives the cake and merchant receive €70 on his bank account within the next 1–2 banking days.

* To receive payments and create orders in CopPay service merchant should be registered and verified.

** Transaction confirmation time depends on the fee defined by buyer.


СорРау in Lithuania

Lithuania is already joining the world trend of money digitalization. Lithuanians actively contribute to the development of the crypto-infrastructure. It shows advanced development in the financial technology.

About 50 Lithuanian merchants have already joined CopPay Cryptomap. Among them restaurants, clothes and food stores, bars, fitness center, beauty salon, barbershop, dental clinic, computer repair etc.

Lithuanian United Colors of Benetton was the first among the franchises around the world which starts accepting cryptocurrency.


СорРау in Vilnius

On the 3rd of June we are organising a meetup

THE FUTURE OF BLOCKCHAIN AND CRYPTOCURRENCY

and invite everyone interested in blockchain and crypto topics to come together and discuss the popular innovative technology.

AGENDA:

6 p.m. — 6:30 p.m. — Registration

6.30 p.m. — 7:00 p.m. — Understanding Cryptocurrency, Benas Bizevičius, Co-founder at Exorior Capital

7:00 p.m. — 7:30 p.m. — The Way Blockchain and Cryptocurrency will Change the World in 2018, Ina Samovich, CEO at CopPay

7:30 p.m. — 8:30 p.m. — Question & Answer Section

8:30 p.m. — onwards — Networking

DATE: 3 July 6 p.m.

PLACE: Rise Vilnius (Gynėjų g. 14)

Book your free seat by filling out the registration form.

Respectfully yours,

CopPay team