Max Krupyshev, CEO of CoinsPaid, shared his insights in a Forbes op-ed on building a global digital payments system that processes transactions worth billions of dollars.
The main goal of any payment infrastructure is to make the complex simple. Clients expect transfers to happen instantly and flawlessly, without wondering which blockchains are involved or how many confirmations are required. What matters to them is simple — that the money arrives on time and securely. Developers, therefore, must hide all technical complexity behind a seamless and reliable interface, CoinsPaid’s CEO Max Krupyshev explains.
He notes that creating a resilient payment system starts with the ability to minimize technological complexity. Each transaction involves dozens of automated solutions, from dynamic fee management and payment routing to instant currency conversions. “The client sees it as one API call. That’s my first, and probably most important, takeaway: Great infrastructure isn’t about avoiding complexity or technical cleverness. It’s about the ability to make complexity disappear,” emphasizes the CEO of CoinsPaid.
Security is the foundation of any system operating with large volumes of digital assets. CoinsPaid employs a multi-layered protection approach that includes:
- segregation of hot and cold wallets;
- transaction limits;
- role-based access control;
- anomaly detection systems.
At the same time, Max notes that security shouldn’t interfere with legitimate operations. Setting up “invisible” protection that can distinguish suspicious activity from normal behavior is one of the company’s key engineering achievements.
An equally important element of resilience is transparency. According to CoinsPaid’s CEO, clients and regulators don’t need to see the system’s inner workings, until the moment of an audit or review. At that point, the company must be ready to show everything. Investments in real-time monitoring and alert tools help speed up audits, reduce support requests, and strengthen partner and regulator trust.
The article also highlights the usability of payment solutions. Although CoinsPaid primarily works with corporate clients, Krupyshev stresses: “We serve enterprise clients, but at the end of the day, it’s still people who have to implement our APIs or manage payment systems.” For this reason, the CoinsPaid team repeatedly refined the integration process, making it more intuitive and less time-consuming. Self-service tools were introduced, reporting was improved, and features for detailed transaction history analysis were added.
Moreover, through CryptoProcessing by CoinsPaid, more than 23 billion transactions have been processed, with payment operations accelerating significantly in recent times. Against this backdrop, CoinsPaid initiated an upgrade of its existing payment processing system to bring it to a new, institutional level.
