Paybis Hosts Proof Of Chill, An Exclusive Blockchain Mixer At Riga Tech Week
Global cryptocurrency trade Paybis introduced the internet hosting of “Proof of Chill: An Exclusive Blockchain Mixer,” a non-public networking gathering for the blockchain, cryptocurrency, and monetary expertise sectors.
The occasion befell at Riga’s Lighthouse restaurant on August twenty eighth, and was included within the official program of Riga Tech Week, which featured a citywide schedule of discussions, workshops, meetups, and panels led by varied organizations.
The mixer was organized in partnership with the Latvian Blockchain Association (LBAA) and UN:BLOCK, a significant cryptocurrency convention in Northern Europe.
Attendance mirrored sturdy regional engagement, with 300 representatives from the fintech, blockchain, and cryptocurrency industries taking part. The gathering additionally highlighted an vital stage in Paybis’ development, as the corporate reported a doubled Baltic turnover and substantial year-over-year retail person progress.
Established in Latvia in 2014, Paybis has expanded into a global cryptocurrency infrastructure supplier, serving greater than 5 million customers and sustaining partnerships with companies worldwide.
Proof Of Chill Highlights Riga’s Growing Role As Baltic Hub For Web3, Blockchain, And Fintech Collaboration
Proof of Chill was structured as a networking mixer as a substitute of a stage-driven program. Attendees gathered in a coastal ambiance, the place meals, drinks, and music from a dwell DJ created an off-the-cuff backdrop because the solar went down.
Interactive options, together with an AI-powered picture sales space and a prize-filled claw machine, added to the expertise and maintained a fascinating surroundings. A fastidiously chosen visitor listing promoted productive exchanges throughout associated industries, reinforcing the occasion’s central goal of connecting enterprise and neighborhood views.
“Paybis is a homegrown Latvian success story and a rising pressure in Web3 throughout the globe,” stated Innokenty Isers, Founder and CEO of Paybis, in a written assertion. “This 12 months, we proceed to increase our product and technical staff in Riga, creating high-paying jobs. Proof of Chill is just the start of our efforts to place Riga as a regional Web3 financial chief,” he stated.
“It is obvious that curiosity in crypto property, blockchain, and fintech is rising not solely globally but in addition in Latvia,” stated Reinis Znotiņš, Executive Director of LBAA, in a written assertion. “Our neighborhood is rising, and with lively work, we’ve managed to set Latvia’s ecosystem in movement,” he stated.
The gathering constructed on ongoing community-driven initiatives. The LBAA, a nonprofit based mostly in Riga, focuses on positioning Latvia as a European Web3 heart via instructional efforts, coverage engagement, and neighborhood improvement. UN:BLOCK, acknowledged as the most important cryptocurrency convention in Northern Europe, attracted a four-figure viewers in 2025 and has already launched ticket gross sales for its upcoming version.
For these attending Riga Tech Week, Proof of Chill supplied perception into the Baltic area’s shortly increasing cryptocurrency panorama. The occasion created alternatives to discover pilot collaborations, define potential integrations, and focus on regulatory approaches, additional reinforcing Riga’s function as a gathering level for fintech and blockchain cooperation.
Paybis Reports Fast Baltic Growth With Doubling Of Turnover And User Base In 2025
Paybis expanded its footprint within the Baltic area at a quick tempo throughout each retail and enterprise segments. During the primary half of 2025, the corporate recorded a doubling of turnover and retail customers in comparison with the identical interval in 2024, reflecting a powerful alignment with market demand and a broader buyer base.
The majority of transactions had been carried out in euros, adopted by US {dollars}, highlighting concentrated exercise in key European currencies. Most engagement was seen in Tallinn, Riga, and Vilnius, with extra progress rising in different Baltic facilities. On the retail aspect, BTC, USDT, and ETH remained probably the most extensively used property.
Alongside retail growth, the corporate additionally elevated its company consumer base, incorporating companies from numerous industries. Since its founding in 2014, Paybis has operated as a cryptocurrency infrastructure supplier, providing on- and off-ramp options, international cryptocurrency cost choices, safe enterprise wallets, and steady assist companies.
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