Calypso Pay Merges with TheWatch to Build Crypto-Native Fintech Ecosystem, The Canadian Business Journal

TEL AVIV, Israel, Oct. 12, 2022 (GLOBE NEWSWIRE) — Calypso Pay, an all-in-one cryptocurrency transaction and acquisition platform, and TheWatch, a blockchain analytics platform, have merged to create a crypto-native fintech ecosystem for enterprises. built. The combined company will be known as his Calypso Group and will be led by TheWatch’s current CEO, Svyat Dorofeev.

Calypso Group aims to bring a modern fintech experience to the web3 world, enabling businesses to accept payments in cryptocurrencies, verify their origin for regulatory purposes, and perform payments and payroll. . The group offers a comprehensive set of ready-to-integrate solutions with flexible pricing.

• Calypso Pay is a cryptocurrency processing platform that enables merchants to accept cryptocurrency payments from clients and pay partners and employees almost instantly with minimal fees. Users can create invoices, accept payments using payment widgets, and charge subscriptions with advanced analytics. Calypso Pay also offers a management module dedicated to cryptocurrency vaults to meet your specific needs.
• WatchBlock is a SaaS platform for tracking and monitoring transactions. WatchBlock helps customers verify that payments received did not originate from Dark-Her Market or Crypto-Her Mixer. WatchBlock integrates with multiple KYC providers, including Crystal and Tokenscope, so you can stay up-to-date and stay compliant.
• WatchData provides web3 developers with a set of tools, enhanced APIs and superior infrastructure to greatly simplify building blockchain apps. The platform will serve as an internal tool for the Calypso Group and will be available to enterprise customers.

Calypso Group CEO Svyatoslav Dorofeev said: “We aim to bring a modern fintech experience to the world of cryptocurrencies, enabling projects and DAOs to accept, send and track payments in an easy and compliant manner.”

Alexey Korneev, Director of Operations at Calypso Pay, said: “Before we released the Tron Mass Payouts feature, we had already worked closely together. Our products are so complementary that consolidating them into a single entity will allow us to grow the crypto-native fintech ecosystem. We can build and drive continuous innovation.”

Ruslan Mannanov, CFO of Calypso Pay, said: “We are delighted to continue this journey under his management, which we believe will bring the value of cryptocurrency to millions of customers.”

Payments made using cryptocurrencies are expected to surpass $10 billion in 2022, an increase of 177.3% between 2020 and 2021. Nearly 13% of US adults will own cryptocurrency by the end of the year, and most of them use cryptocurrency for their transactions. The number of crypto payment users is expected to grow at a high double-digit rate through 2023. 85% of US merchants say enabling crypto payments is a top priority.

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Calypso Group is building a crypto-native fintech ecosystem for enterprises. We offer a comprehensive set of products and services that help our customers accept payments in cryptocurrencies, verify provenance for regulatory purposes, and perform payments and payroll. Calypso Pay makes it easy to acquire cryptocurrencies, whether for subscriptions or payments to vendors and workers. WatchBlock provides transaction tracking and monitoring, providing insight into transaction data, purchase history, and risk management. For more information, visit calypso.finance.

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