★ Company Profile
CityPay.io is a company that specializes in cryptocurrency payment gateways, with the full name 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 blockchain and cryptocurrency technology, while Eralf Hatipoglu has 10 years of experience in international sales and marketing and has co-founded two successful businesses. The Company's advisory team and shareholding structure are not publicly disclosed.
CityPay.io operates on a decentralized enterprise architecture, with a network of operations supported by global node providers. The company is a member of the Georgian Blockchain Association, indicating some involvement in the industry. Additionally, the company has published a compliance statement on its official website, emphasizing compliance with relevant laws and regulations. As of 2023, further details on the membership of specific industry associations have not been disclosed.
★ Trading Products
CityPay.io offers the following main trading products and services:
Cryptocurrency Payment: Supports payment functions for various mainstream cryptocurrencies such as Bitcoin and Ethereum.
Fiat Conversion: Allows users to convert cryptocurrencies to fiat currencies (such as USD or EUR).
Payment Gateway: Provides cryptocurrency payment solutions for businesses, supporting the receipt and payment of multiple cryptocurrencies.
These products are primarily aimed at institutional customers (such as businesses) and retail users (individual consumers). Retail users can indirectly participate in related services through the platform. As of 2023, financial data for specific trading categories, such as trading volume or revenue, are not publicly disclosed.
★ Trading software
CityPay.io offers the following tools 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 activities.
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 enhance user experience and operational efficiency. As of 2023, the specific technical details of the platform, such as code architecture or user interface design, and user size are not disclosed in public information.
★ Customer Support
CityPay.io Provides support to customers through multiple channels:
Documentation and Tutorials: Provides detailed user guides and API documentation to help users quickly get started with the platform's features.
Community Support: Official communities are available on platforms like Discord and Telegram, making it easy for users to communicate and provide feedback on issues.
Technical Support: Provide customized services for enterprise customers to ensure smooth business operations.
As of 2023, its support team consists of experts in the cryptocurrency field and covers customers worldwide, but the specific size or response time of the support team has not been publicly disclosed.
★ Core Business and Services
CityPay.io's core business focuses on providing cryptocurrency payment solutions to businesses and individuals, including:
Cryptocurrency Payment: Providing a payment gateway for businesses through the platform, Support multiple cryptocurrency receipt and payment operations.
Fiat currency conversion: Provide users with two-way conversion services between cryptocurrencies and fiat currencies.
Community Support: Provide users with resource sharing and technical support through online platforms.
Service objects include institutional customers (such as merchants) and retail users (individuals). The company utilizes 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 liquidation model (the specific process for instant clearing) are not publicly disclosed.
★ Technology Infrastructure
CityPay.io's technology infrastructure adopts a modular design to support its global operations:
Data Centers: Distributed in Europe and Asia for data storage and analysis.
Node Network: Operated by global node providers, participants earn rewards through a staking mechanism.
Cross-chain interoperability: Enables asset and data interaction 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 data.
★ Compliance and risk control system
CityPay.io's 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 reviewed by independent third parties.
Decentralized Governance: Manage operations through community-engaged staking and voting mechanisms.
The company plans to collaborate with more regulatory agencies in the future to further enhance global compliance. As of 2023, specific audit reports or details of the implementation of risk control measures have not been publicly disclosed.
★ Market Positioning and Competitive Advantage
CityPay.io is 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: Blockchain-based platforms offer efficient payment and conversion capabilities.
Community Governance: Enhance flexibility and adaptability through a decentralized autonomous organization (DAO) model.
These features give it certain differentiated advantages in the field of cryptocurrency payments. As of 2023, specific data on its market share or customer satisfaction is not publicly disclosed.
★ Customer Support and Empowerment
CityPay.io Empower customers by:
Educational Resources: Offer online courses, workshops, and developer conferences to enhance user skills.
Partnership Programs: Collaborate with businesses, universities, and research institutions 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 the frequency of activities has not been further disclosed.
★ Social Responsibility and ESG
CityPay.io Combines technological innovation with social responsibility, focusing on the following areas:
Environmental Sustainability: Adopting energy-efficient mechanisms to reduce the carbon footprint in operations.
Education and promotion: Fund cryptocurrency education projects to raise public awareness of cryptocurrencies.
Social Good: Supporting inclusivity and transparency in the cryptocurrency space through data sharing.
These initiatives align with its business objectives. As of 2023, specific ESG (environmental, social, and corporate governance) reports or quantitative data are not publicly disclosed.
★ Strategic Cooperation Ecosystem
CityPay.io has established strategic partnerships with a number of institutions, including: Tether
: Provides financial support and assists in promoting stablecoin payment services.
Binance Pay: Collaborate on the development and promotion of cryptocurrency payment solutions.
Gate.io: Supports the development and marketing of cryptocurrency payments.
Additionally, the company collaborates with businesses and developer communities to expand its ecosystem. As of 2023, the details of the specific partnership agreement have not been fully disclosed.
★ Financial health
CityPay.io Supporting its development through multiple funding rounds. In 2021, the company completed 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 publicly available information. The company's financing history shows that it has received some capital support, but its specific financial health lacks public data to support it.
★ Future Roadmap
CityPay.io plans to 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 cooperation with global enterprises and developers to accelerate the rollout of payment solutions.
Optimize community governance models to enhance user engagement and ecosystem transparency.
As of 2023, the company has not released a specific future development timeline or quantitative targets.
