How can Your Business Accept Crypto | European Blockchain Convention
European Blockchain Convention (Mar 2023) · 16 Mar 2023 · 6:26
Glib Udovychenko, CEO of White Pay, describes a crypto payment service for merchants that connects to online shops through an API in under a week. He says the exchange behind it converts each payment to fiat so a merchant is paid the invoiced euro amount whatever the volatility, with payouts by bank transfer, and that a point-of-sale terminal covers offline sales. The checkout creates a one-time wallet for each transaction, and the same flow was used for a donation program for Ukraine that he says raised more than 40 million USDT.
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From European Blockchain Convention (Mar 2023), hosted by European Blockchain Convention.
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foreign [Music] hello hi okay my name is glep spelled g-l-e-b uh it's very important for the European speaking and English-speaking people I'm the CEO of the white pay I'm in crypto for the eight years already and so far managed to work and the crypto
funds developing the projects and build a few on by my own so what is the white pay we providing the crypto solutions for the merchants all around the world okay I'm gonna talk louder providing the crypto solutions for the merchants all around the world and we give them the 360 solutions for the e-commerce and the on ground acquiring that I will show later uh for the e-commerce business we
developed the online acquiring that works with uh every online shop application and it can be integrated in less than one week so the merchant can accept start accept crypto payments and their websites and their businesses is less than one week on boarding is very easy and you can integrate it through through API and accept crypto payments um where parts of the biggest European exchange white bit and that's allow us to make initial value of all of the transactions that we receive with the
fiat currency that means that if the client pays in our crypto processing 100 euros to the merchants whether Bitcoin ethereum or whatever currency it is the merchant will always receive 100 euros regardless the volatility and the rate um right now we already integrated in 180 Ecom platforms and Merchants all around the world we successfully work with uh we start uh with the Ukrainian rivna about two years ago and right now we presented in most
of the European countries got some Merchants there and developed their Turkish Georgian and Australian markets uh our POS machine that is part of the whole ecosystem allows the merchants that have online and offline business integrates into one end solution and have the offline acquiring in the same cabinet and accept cryptos online and offline without the volatility risk uh yeah as you can see the boss is represented right now in the Poland and Ukraine and the people pay with the
crypto we got like about 18 000 transactions each week that we operate and proceed and withdrawal to to the merchants platform and exchange so the talk before we baking all of the transactions and Merchants on board to us with their bank accounts we withdraw money automatically or upon the request by Merchants all of that are converted from crypto to Euro or to any local Fiat currencies can be deposited uh to The Merchants Bank account where licensed we're using whitebeats license in
Lithuania so you will receive money from the official bank transfer each week or two weeks wherever you choose um during the beginning of the war in Ukraine we launched the crypto donations program and we allowed people to donate from all over the world to Ukraine we start with a small funds and volunteers and and then [Music] um the president's office of the vadimir zarensky contact us and wanted to use our Solutions so we integrated there in the official website and during the whole War we helped to race for the U24
more than 40 million usdt and for the all the volunteers and the people that are in Ukraine and struggle for money more than 150 Millions you know oh no this is not me yeah that's how it works basically the checkout process it's the same for the donations and for the crypto payments uh users choose the currency they want to pay the network they want to pay uh the system generates one-time use wallet for each transaction and um
comparing to the our competitors we accept the transactions from all of the crypto wallets custodian or custodial wherever it is um regardless of what you use you can use other exchanges and pay with us and it's still going to work definitely have the white bit pay as well for the some regions we already support the card payments so we can provide one end solution to the merchants for the Fiat payments and the crypto payments as well so yep that's how it works thank you so much guys [Applause]