CoinsPaid CEO answered questions frequently asked in the crypto community.
Max Krupyshev, CEO of CoinsPaid, shared his opinion on the most common questions among newcomers and crypto enthusiasts on YouTube Shorts.
When companies accept cryptocurrency, can they see who the customers are?
“When paying in cryptocurrency, the recipient can guess who the payment came from, but it doesn’t give them a chance to know the customer’s identity at all,” Max said.
Why did many companies collapse during the crypto winter?
According to Max Krupyshev, collapse befalls companies whose business models are based only on the constant growth of a particular asset in a bull market. “So when such a crypto project starts to collapse, it pulls its business partners and investors with it. It’s like a snowball effect, where the problem of one project becomes the cause of problems for all others,” Max concludes.
Will Ethereum ever replace Bitcoin?
Max Krupyshev believes that Ethereum is unlikely to become the largest cryptocurrency in the world. “Bitcoin represents a kind of decentralization of the cryptocurrency system on the blockchain. Whereas the Ethereum network, having moved to PoS has become even more centralized and unresponsive to censorship,” Max states.
What is the difference between paying in cryptocurrency and fiat?
Max Krupyshev highlighted two main advantages of paying with crypto. First, cryptocurrency transactions will always go as planned. “You don’t have to worry about your funds being blocked, as it happens with fiat,” Max stressed. The CEO of CoinsPaid noted versatility as the second advantage of cryptocurrencies over fiat money. “If you have cryptocurrency and want to pay with it, there is no need to convert it,” Max concluded.
More useful information about the crypto market as well as the CoinsPaid ecosystem can be found on the company’s official YouTube channel. The channel also publishes video reports from important Web 3.0 industry events. For example, the CoinsPaid team attended the world’s largest Web Summit 2022 conference in Lisbon, Portugal.
As a reminder, in a recent interview with Dukascopy TV, he commented that CoinsPaid strives to “make something complicated simple”.
