★ Company Profile
CityPay.io is a company focused on cryptocurrency payment gateways, the full name is CityPay.io. The company was founded in 2020 and is headquartered in Tbilisi, Georgia. As of the fourth quarter of 2023, its registered capital was not disclosed in public information. CityPay.io was co-founded by Beka Kemertelidze (CEO) and Eralf Hatipoglu (COO). Beka Kemertelidze has 9 years of entrepreneurial experience in the field of blockchain and cryptocurrency technology, while Eralf Hatipoglu has 10 years of experience in international sales and marketing, having co-founded two successful businesses. The company's advisory team and shareholding structure were not publicly disclosed.
CityPay.io adopts a decentralized enterprise architecture, and its operating network is supported by a global node provider. The company is a member of the Georgian Blockchain Association, showing a certain level of involvement in the industry. In addition, the company has published a compliance statement on its official website, emphasizing compliance with relevant laws and regulations. As of 2023, further details of specific industry association memberships were not disclosed.
★ Trading products
CityPay.io Provide the following main trading products and services:
Cryptocurrency payment: support the payment function of Bitcoin, Ethereum and other mainstream cryptocurrencies.
Fiat currency conversion: Allows users to convert cryptocurrencies into fiat currencies such as dollars or euros.
Payment gateway: Provide cryptocurrency payment solutions for enterprises, supporting the receipt and payment of multiple cryptocurrencies.
These products are primarily intended for institutional customers (e.g., enterprises) and retail users (individual consumers). Retail users can participate indirectly in related services through the platform. As of 2023, financial data for specific trading categories, such as trading volume or revenue, is not publicly disclosed.
★ trading software
CityPay.io The following tools are offered to support its services:
CityPay.io Platform: A payment gateway platform based on blockchain technology that supports cryptocurrency payments and fiat currency conversion.
CityPay.io Analytics: Data analysis tools to help users optimize trading strategies and monitor payment activity.
Development Kits: Includes application programming interfaces (APIs) and software development kits (SDKs) for developers to integrate services and build custom applications.
These tools are designed to improve user experience and operational efficiency. As of 2023, the specific technical details of the platform (such as code architecture or user interface design) and the size of users are not disclosed in public information.
★ Customer support
CityPay.io Support customers through multiple channels:
Documentation & Tutorials:Provide detailed user guides and API documentation to help users get started quickly with the platform's features.
Community support: There are official communities on platforms like Discord and Telegram for users to communicate and report issues.
Technical support: Customized services for enterprise customers to ensure the smooth operation of business.
As of 2023, its support team is made up of cryptocurrency domain experts and serves customers around the world, but the exact size of the support team or response time is not publicly disclosed.
★ Core Business & Services
CityPay.io The core business focuses on providing cryptocurrency payment solutions for businesses and individuals, including:
Cryptocurrency Payment: providing payment gateways for enterprises through the platform, Support the payment and payment operations of multiple cryptocurrencies.
Fiat currency conversion: Provide users with a two-way conversion service between cryptocurrencies and fiat currencies.
Community support: Provide users with resource sharing and technical support through an online platform.
The service targets include institutional customers (such as merchants) and retail users (individuals). The company leverages a blockchain technology platform to support efficient payment and conversion services, and its risk control system is implemented through security audits and decentralized governance. As of 2023, details of the pricing mechanism (such as fee rates) and the clearing model (the specific process of real-time clearing) are not publicly disclosed.
★ Technology infrastructure
CityPay.io The technology infrastructure is modular and supports its global operations:
Data centers: distributed in Europe and Asia for data storage and analysis.
Node network: Operated by global node providers, participants are rewarded through a staking mechanism.
Cross-chain interoperability: Interact with assets and data with other blockchain systems through bridging technology.
As of 2023, its data center network covers multiple regions, but specific technical specifications (such as the number of servers or bandwidth) and the number of nodes are not disclosed in public information.
★ Compliance and risk control system
CityPay.io The compliance and risk control system includes the following key elements:
Data privacy: Comply with international regulations such as GDPR to ensure the security and privacy of user data.
Security audits: Data centers and core code are regularly audited by independent third parties.
Decentralized governance: Manage operations through community-participatory staking and voting mechanisms.
The company plans to work with more regulators in the future to further enhance global compliance. As of 2023, the details of the specific audit report or the implementation of risk control measures have not been publicly disclosed.
★ Market Positioning & Competitive Advantage
CityPay.io Positioned to provide a high-performance platform for the cryptocurrency payment space, serving businesses and individuals who require complex data management and high throughput. Its competitive advantages include:
Innovative technology: The blockchain-based platform provides efficient payment and conversion capabilities.
Community Governance: Enhance flexibility and adaptability through the Decentralized Autonomous Organization (DAO) model.
These characteristics give it a certain differentiation in the field of cryptocurrency payments. As of 2023, specific data on its market share or customer satisfaction are not publicly disclosed.
★ Customer Support & Enablement
CityPay.io Empower customers by:
Educational resources: Deliver online courses, workshops, and developer conferences to upskill users.
Partner Program: Collaborate with businesses, universities, and research institutes to drive cryptocurrency research and innovation.
Community Building: Build an active developer community through social media and offline events.
As of 2023, its community has thousands of active members, but the exact number of participants or frequency of activity was not further disclosed.
★ Social Responsibility & ESG
CityPay.io Combining technological innovation with social responsibility, focusing on the following areas:
Environmental sustainability: Reducing the carbon footprint of operations through energy-saving mechanisms.
Education and Promotion: Funding cryptocurrency education programs to raise public awareness of cryptocurrency.
Social good: Supporting inclusivity and transparency in the cryptocurrency space through data sharing.
These initiatives are aligned with their business objectives. As of 2023, specific ESG (environmental, social, and governance) reports or quantitative data are not publicly disclosed.
★ Strategic cooperation ecosystem
CityPay.io It has established strategic partnerships with a number of institutions, including:
Tether: provides financial support and assists in promoting stablecoin payment services.
Binance Pay: Partnering to develop and promote cryptocurrency payment solutions.
Gate.io: Support the development and marketing of cryptocurrency payments.
In addition, the company partners with the enterprise and developer community to expand its ecosystem. As of 2023, the details of the specific cooperation agreement were not fully disclosed.
★ financial health
CityPay.io Supporting its development through multiple rounds of financing. In 2021, the company closed a Series A funding round with investors including Presto Ventures, Tether (Hong Kong), StartupYard, StartSmart CEE, and Georgia's Innovation and Technology Agency. As of the fourth quarter of 2023, its financial data, such as revenue, profit, or balance sheet, were not disclosed in public information. The company's fundraising history suggests that it has received some capital support, but the specific financial health is not supported by public data.
★ Future Roadmap
CityPay.io The plan will continue to deepen the field of cryptocurrency payments, focusing on
expanding the capabilities of the technology platform and improving payment and fiat currency conversion capabilities.
Strengthen partnerships with global enterprises and developers to accelerate the adoption of payment solutions.
Optimize the community governance model to enhance user participation and ecosystem transparency.
As of 2023, the company has not released a specific timeline or quantitative targets for future development.
