Tel Aviv, Israel, Oct. 12, 2022 (GLOBE NEWSWIRE) — Calypso Pay, an all-in-one cryptographic processing and procurement platform, and TheWatch, a blockchain analytics platform, have teamed up to build a crypto-native fintech -ecosystem for businesses. The combined company will be known as Calypso Group and headed by current TheWatch CEO, Svyat Dorofeev.
Calypso Group aims to bring modern fintech experience to the web3 world and allow businesses to accept payments in crypto, verify their origin for regulatory purposes, run payments and payroll. The group will offer a comprehensive set of solutions integrated out of the box with flexible pricing:
- Calypso Pay, a crypto processing platform that allows merchants to receive payments in crypto from their clients and pay their partners and workers almost instantly with minimal commissions. Users can create invoices and use the payment widget to accept payments or charge subscriptions with advanced analytics on top. Calypso Pay even offers a dedicated crypto tax management module to meet your specific needs.
- WatchBlock, a SaaS platform for tracking and monitoring transactions. WatchBlock helps customers ensure that their incoming payments do not originate from dark markets or crypto mixers. WatchBlock is integrated with several KYC providers, including Crystal and Tokenscope, to ensure you get up-to-date information and stay compliant.
- WatchData provides web3 developers with a suite of tools, enhanced APIs, and superior infrastructure to drastically simplify building blockchain apps. The platform serves as the internal tool for Calypso Group and is available to corporate customers.
“By merging into a single company, we can provide our customers with a complete set of solutions that cover all their needs regarding payments in crypto”, says Svyatoslav Dorofeev, CEO of Calypso Group. “We aim to bring the modern fintech experience to the crypto world and help projects and DAOs accept, send and track payments in an easy and compliant way.”
“This strategic decision is a key point in our long relationship with TheWatch”, says Alexey Korneev, Chief Operating Officer of Calypso Pay. “We have already worked closely before launching our Tron Mass Payout functionality. Our products are highly complementary, so merging into a single entity will enable us to build a crypto-native fintech ecosystem and drive continued innovation”.
“We have known Dorofeev for many years and worked closely before,” says Ruslan Mannanov, CFO of Calypso Pay. “We are excited to continue this journey under his leadership and believe this will allow us to bring the value of crypto to millions of customers.”
Payments made using cryptocurrencies are expected to exceed $10 billion in 2022, and this volume grew by 177.3% between 2020 and 2021. Nearly 13% of American adults own crypto by the end of the year, and most of them use crypto for transactions. The number of crypto payment users is expected to expand at high double-digit rates through 2023. 85% of US merchants say enabling crypto payments is a high priority.
ONEabout Calypso Group
Calypso Group is building a crypto-native fintech ecosystem for businesses. It provides a comprehensive set of products and services that help customers accept payments in crypto, verify their origin for regulatory purposes, process payments and payroll. Calypso Pay simplifies crypto acquisition, even for subscriptions and payments to suppliers and workers. WatchBlock provides tracking and monitoring for transactions and provides insight into transaction data, purchase history and risk management. For more information, visit calypso.finance
