CRYPTOPAYCentral Entry Point to aDecentralised WorldWhitepaper25 September 2017Final Version01Legal Disclaimer.14CPAY Initial Token Sale..24Financial Highlights26Conclusion..14151617181920212122General OverviewPurpose of CPAY ICOMilestonesCPAY Pre-saleICODistribution StructureCPAY ICO Bonus ScheduleToken Holders RewardsFoundation and CPAY Team VestingCPAY Initial Token Sale Procedure..........02Risk statement.03Restricted Areas....04Introduction....05About the company....06Cryptopay Management24Cryptopay Current Financials..24Financial Projections.07Advisers..08Cryptopay Products...08Existing products 222223RegistrationPurchasing CPAY TokensCPAY Token Listing......10Products Under Development ..101112Brokerage ServicesCurrent Accounts and Banking ServicesP2P Marketplace .......080810Bitcoin WalletCPAY Prepaid CardMerchant Processing 05Short Summary...Legal DisclaimerPlease read the following notice carefully before proceeding to read this Whitepaper document issued by CPAY Foundation Limited, an mpted company incorporated and existing under the laws of the Cayman Islands hereinafter – “Distributor”. This notice applies to all persons who read this document. Please note this notice may be altered or updated.The Whitepaper does not constitute any relations between you hereinafter – “you” or “Holder” and the Distributor. Acquiring of the CPAY tokens is available only after accepting the Terms of tokensale hereinafter – “TC”.Acquisition of CPAY cryptographic tokens does not present an exchange of cryptocurrencies for any of ordinary shares of the Distributor and a Holder of CPAY cryptographic tokens is not entitled to any guaranteed of dividend, Holders of CPAY tokens are only entitled to certain rights within the TC.CPAY tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.This Whitepaper is for ination purposes only. The contents of this Whitepaper are not a financial promotion. Therefore, none of the contents of this Whitepaper serves as an invitation or inducement to engage in any sort of investment activity.Prospective acquirers of СPAY tokens should carefully consider and uate all risks and uncertainties associated with the cryptocurrencies, Cryptopay Ltd and their respective businesses and operations, the CPAY tokens and the CPAY Initial Coin Offering. Familiarize yourself with all the ination set out in this Whitepaper, Risk Notice and the TC prior to any purchase of CPAY tokens.Ensure that you are aware of all of the would be risks prior to obtaining CPAY. The Risk Statement details all potential risks that you should consider. We recommend that you seek out independent financial advice before engaging in any sort of business endeavor.01ICO Cryptopay White paperRisk StatementNo regulatory authority has examined or approved any of the ination set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements, or rules have been complied.To the maximum extent permitted by the applicable laws, regulations and rules, CPAY Foundation limited and its affiliates and their respective officers, employees or agents will, in relation to the website and CPAY tokens, not be liable for any damages of any kind, including, but not limited to, direct, consequential, incidental, special or indirect damages including but not limited to lost profits, loss of revenue or third party loss whether foreseeable or otherwise, trading losses or damages that result from use or loss of use of the website and CPAY Tokens.For the avoidance of doubt, The Distributor expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from i reliance on any ination contained in this document, ii any error, omission or inaccuracy in any such ination, iii any action resulting therefrom, or iv usage or acquisition of products, available through the website.You acknowledge and agree that you are not purchasing CPAY tokens for purposes of investment, speculation, as some type of arbitrage strategy, for immediate resale or other financial purposes.Some of the statements in the Whitepaper include forward-looking statements which reflect the Distributors current views with respect to cution roadmap, financial perance, business strategy and future plans, both with respect to the Distributor and the sectors and industries in which the Distributor operates. Statements which include the words expects, plans, believes, projects, anticipates, will, aims, may, would, could, continue and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the Distributor’s actual results to differ materially from those indicated in these statements. These factors include but are not limited to those described in the part of the TC entitled Risks, which should be read in conjunction with the other cautionary statements that are included in the TC. Any forward-looking statements in the Whitepaper reflect the Distributor’s current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the Distributor’s operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of the Whitepaper. Prospective buyers of the CPAY tokens should specifically consider the factors identified in the Whitepaper and TC which could cause actual results to differ before making a purchase decision. No statement in the Whitepaper is intended as a profit forecast and no statement in the Whitepaper should be interpreted to mean that the earnings of the Distributor for the current or future years would be as may be implied in this Whitepaper.02ICO Cryptopay White paperresults to differ materially from those indicated in these statements. These factors include but are not limited to those described in the part of the TC entitled Risks, which should be read in conjunction with the other cautionary statements that are included in the TC. Any forward-looking statements in the Whitepaper reflect the Distributor’s current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the Distributor’s operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of the Whitepaper. Prospective buyers of the CPAY tokens should specifically consider the factors identified in the Whitepaper and TC which could cause actual results to differ before making a purchase decision. No statement in the Whitepaper is intended as a profit forecast and no statement in the Whitepaper should be interpreted to mean that the earnings of the Distributor for the current or future years would be as may be implied in this Whitepaper.Citizens, residents tax or otherwise, or green card holders, of the United States of America are ineligible to purchase any CPAY tokens in the CPAY Initial Coin Offering as referred in this Whitepaper. The same pertains for residents of the Republic of Singapore and Canada.Participation in the CPAY Initial Coin Offering forThis Whitepaper, or any part thereof, as well as any copies, must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. UK citizens or residents will be restricted to self-certified sophisticated investors only. Hong Kong citizens or residents will be restricted to professional investors only.03ICO Cryptopay White paperRisk Statement continuedRestricted AreasIntroductionAs the popularity and mainstream acceptance of blockchain and digital assets increase, traditional investors have been looking for more exposure to these digital assets and blockchain based technologies. However, many things can be “lost in translation” when it comes to integrating the digital currency world and the world of traditional finances. Providing a seamless exchange between crypto and conventional assets is the underlying philosophy behind Cryptopay expansion and Initial Coin Offering ICO.Investors, who use digital currencies, currently have to interact with several counterparties to successfully manage their risks and portfolio. These counterparties being traditional banks, payment networks and financial services companies. The majority of them don’t understand the nature of digital currencies, which can cause frustration, account freezes, losses and not to mention the various inefficiencies that come with moving between the different asset classes.With the emergence of blockchain, a growing number of users and businesses are beginning to struggle leveraging the existing infrastructure in order to manage the transfer of funds between physical and virtual plats.As of now, Cryptopay provides the ability to spend, save, and transact digital currencies. The Cryptopay wallet allows users to effortless trade between bitcoin and fiat currencies, specifically the GBP, USD, and the EUR. This wallet service is complemented by a prepaid card that lets users quickly access funds stored in cryptocurrencies. Soon hereafter, we are launching the a service that will allow users access to equities and the ability to own current accounts.04ICO Cryptopay White paperAbout the company Established in 2013; Headquarter is based in London; Three offices worldwide; 56 full-time employees; More than 450,000 users registered; More than 91,000 cards issued. Monthly volume of transactions is over 22 mln EUR with a sustainable growing trend; Profitable and cash flow positive since 2016; Fully compliant with EU Data protection legislation; FCA registered small payment institution; PCI-DSS Level 1 certified.Short SummaryCryptopay has been in operation since 2013 and is one of the longest running digital currency service providers in Europe. It has a broad range of services for the digital currency world - starting with merchant services for bitcoin transactions and building on that to a full digital assets wallet with prepaid card and payment services.Here are some facts about Cryptopay’s current businessWe are now raising funds to finance the development of new products, acquire appropriate licenses in Europe and Asia and provide necessary working capital all on the basis of the existing Cryptopay products and infrastructure.05ICO Cryptopay White paperCryptopay ManagementGeorge BasiladzeFounderMsC in finance, George has had various research analytical experience at different Russian investment firms and also holds an in-depth knowledge of financial systems. Experienced professional with PE/VC and corporate finance background, passionate on starting new products or act as an adviser for other founders regarding strategy, business modeling, valuation and fundraising.Dmitry GunyashovFounderDmitry is a long-term bitcoin supporter and has been involved with the bitcoin community for more than 5 years. Dmitry has a 7 years history in building e-commerce businesses and successfully managed the development work of multiple payment systems in the past.Eric BenzManaging DirectorWith over ten years of experience in fintech, Eric has delivered innovative SaaS systems for the biggest institutions around payments, identity, and banking infrastructure. Ever since hopping on the blockchain wave in 2012, Eric has been involved in a number of blockchain fintech businesses both as an investor and as a board director.06ICO Cryptopay White paperAdvisersMarc KenigsbergFounder of BitcoinChaserA firm believer in Bitcoin since 2013, Marc operates various Bitcoin websites and projects. He is a veteran of the gambling industry with 15 years experience in various marketing roles and also an affiliate in the financial space and operates industry leading financial portals.Artem TolkachevDirector in DeloitteArtem has a broad legal expertise in the area of fintech and internet content projects. He has supported the activities of the largest mPOS solutions in CIS and Russia. Artem has developed the legal infrastructure for a range of payment systems, some of which include crypto.Christian PapathanasiouCEO at GCX LTDChristian has managed some of the largest application security programmes in the world for financial services institutions. He has sat on various board risk committees, set enterprise wide IT security standards and worked with regulators in the UK, US and Singapore.Jon MatonisFounder of Bitcoin FoundationA blockchain evangelist, a fintech professional, founding director of Bitcoin Foundation, Jon has spent years working, writing and creating global networks.07ICO Cryptopay White paperAdvisers continuedCryptopay ProductsExisting productsBitcoin WalletThe Cryptopay wallet is the core product that lays as the foundation to all existing fee-generating services. We offer a hosted bitcoin wallet Ethereum, LiteCoin and Ripple coming soon and integrated simple exchange services.For even further convenience, Cryptopay introduced Flex accoun