Max Krupyshev, CEO of CoinsPaid, sat down with Anthony Day for an in-depth interview, tracing his journey through the cryptocurrency industry — from early experiments with mining in 2013 to building one of the world’s leading crypto payment processors.
In the conversation, Krupyshev shared his personal philosophy and laid out a compelling case for crypto not just as an investment vehicle, but as a practical means of payment. He also discussed how CryptoProcessing by CoinsPaid is helping businesses integrate crypto payments into their operations — and why mainstream adoption is not a matter of “if”, but “when”.
The full interview is available now on the CryptoProcessing YouTube channel:
The CP Media editorial team has prepared a brief overview of the key topics discussed in the “Blockchain Won’t Save the World” podcast.
How It All Began: A Journey into Crypto
Max received a degree in physics and later pursued studies in business management. In 2012, he was running a small software development studio serving clients across the U.S. and Europe.
His first encounter with Bitcoin was in 2013, when one of his developers tried to explain how the technology worked. Shortly afterward, a business partner introduced him to the mining potential of Litecoin. They purchased a few graphics cards, and Max began diving into blockchain technology, mining mechanics, Stratum servers, and even experimenting with building his own mining rig. That exploration eventually led to a crypto wallet project, which in turn brought him to ghash.io — at the time, the world’s largest mining pool.
Since 2015, Max has focused exclusively on crypto payments. In 2019, he co-founded CoinsPaid, now one of the industry’s leading crypto payment ecosystems.
CryptoProcessing by CoinsPaid: What It Is and How It Helps Businesses
CryptoProcessing by CoinsPaid is essentially Stripe for crypto.
The platform aggregates both blockchain networks and centralized payment solutions such as Binance Pay, Bybit Pay, and others, offering merchants a unified solution that can be integrated via payment gateways, payment service providers (PSPs), or directly.
Functionally, CryptoProcessing by CoinsPaid operates as an alternative payment method — think PayPal or Visa, but for digital assets. The customer clicks a button at checkout, pays in crypto, and the merchant receives the funds in their preferred currency.
Why Enabling Crypto Payments Is More Than Just a Feature
CryptoProcessing by CoinsPaid serves individuals who want to use crypto as part of their everyday financial lives. Today, over 500 million people globally hold digital assets. Many of them receive salaries in USDС or other cryptocurrencies. For these users, it’s often more convenient to spend crypto directly, rather than undergo KYC procedures and convert funds into fiat through traditional banks.
According to CoinsPaid, around 30% of crypto holders in Europe are ready to pay with digital assets. And even those who treat Bitcoin as a long-term, retirement-style investment will eventually want to spend it on a car, a property, or other high-value purchases.
Who’s Embracing Crypto Payments, and Why?
Potential clients of CryptoProcessing by CoinsPaid generally fall into three categories:
- Market-savvy businesses that are actively evaluating providers. These companies often focus heavily on price, yet tend to overlook critical factors such as service-level agreements (SLAs), technical support, and overall reliability.
- Experienced merchants with clear technical and operational requirements. Having already tested other providers, this group arrives with well-defined expectations and a strong understanding of what they need.
- Businesses that are unfamiliar with crypto. CoinsPaid’s team takes time to educate these clients about the fundamentals and benefits of crypto payment solutions. However, internal legal teams frequently block progress, either due to regulatory uncertainty or deep-seated misconceptions about digital assets.
Where Is Interest in Crypto Payments Growing Fastest — by Industry or Region?
When it comes to crypto payments, geography matters less than business type. The strongest interest tends to come from three key segments:
- High-net-worth clients in luxury sectors. Buyers of high-end goods and renters of private jets often value the privacy and speed that crypto transactions can provide.
- Online marketplaces and e-commerce platforms in emerging markets. These businesses view crypto as a practical solution to challenges with local payment infrastructure and currency restrictions.
- iGaming operators. In this space, crypto stands out for its accessibility and ability to support large-value transactions efficiently.
Ensuring Security, Compliance, and Protection Against Fraud
95% of all funds are stored offline. The system supports automated payouts to clients’ cold wallets.
Internally, strict controls are enforced: software usage is tightly regulated, and multi-level approval systems are in place, even within the team itself.
CryptoProcessing by CoinsPaid doesn’t aim to be the cheapest solution on the market. Instead, it prioritizes security and operational stability as core value propositions.
CoinsPaid’s Approach to Fraud Prevention
If a cryptocurrency address is flagged as suspicious, it is either blocked or marked for further scrutiny. A multi-level flagging system is in place to assess and categorize risks.
In certain cases, such as when funds are clearly linked to theft, we may block transactions entirely.
The company also proactively alerts clients to potential vulnerabilities in their technical infrastructure that could be exploited by hacker groups.
What Will It Take for ‘Pay with Crypto’ to Go Mainstream?
Three key factors will drive the widespread adoption of the ‘Pay with Crypto’ button:
- Regulatory recognition of crypto as a legitimate means of payment. Financial regulators must formally acknowledge digital assets as valid instruments for everyday transactions.
- Consumer demand for crypto payment options. As more users request the ability to pay with digital assets, businesses will be increasingly incentivized to respond.
- Ease of integration and merchant awareness. The simpler it is for businesses to implement crypto payments, and the more they understand the benefits, the faster adoption will grow. Educating and supporting merchants on this front is a core focus for the CoinsPaid team.
If these three conditions align, living entirely on USDС within the next two years, without ever using cash or cards, could become a practical reality.
