Digest #13(21)

Main for December

Joys operator in Russia, «Digital Payments» LLC, passed the selection in Skolkovo and accredited by the Ministry of digital development of the Russian Federation as a Russian IT company

During the new year's holiday period, all dreams come true. We know this firsthand!

Our application received the overwhelming majority of votes of the «Skolkovo» Expert Board Commission (Protocol-P16803 of December 20, 2020). The members of the Commission highly appreciated our competitive advantages, innovations, project implementation strategies and business model. In the near future, Joys Operator in Russia, «Digital Payments» LLC, will receive the status of a Skolkovo resident. Now it's a matter of formalities: we bring the Charter in line with the norms and prepare the necessary documents.

The status of a Skolkovo resident gives us various advantages:

  • many tax benefits (0% income, value-added and property taxes; reduced insurance premiums). The full list of benefits can be found at this link;
  • we can receive grants of up to 4,000,000 rubles annually;
  • the opportunity to attract investment in the project on favorable terms for investors;
  • new business connections and opportunities.

We will use all the savings and proceeds to make the Joys payment service more popular both in Russia and abroad. Grants will also be used for marketing: participation in events, conferences, etc.

In addition to obtaining the Skolkovo resident status, «Digital Payments» LLC received state accreditation from the Ministry of digital development, communications and mass media of the Russian Federation as an IT developer.

This gives us many advantages:

  • reduced insurance premiums: we can legally pay less taxes. This means that the money saved will go to the development of our project;
  • the right to include expenses for the purchase of equipment in the material costs;
  • the ability to employ foreign citizens in a simplified manner.

It's good when everything is official!

A full description of the preferences, as well as a list of registered companies, can be found on the Ministry's website.

Now, after receiving accreditation, we are preparing our software for inclusion in the register of Russian computer programs and databases.

Our second company «Joys Platform OÜ» received a crypto license

One Estonian company is good, but two are better! Our company «Joys Platform OÜ» has received an Estonian crypto license. You can get acquainted with it at this link.

In July of this year Estonia revoked the licenses of more than 1,000 crypto companies, including «Joys Platform OÜ». Some projects were closed, while others continued to work without licenses. Both options did not suit us and we continued to look for a solution. And we found it!

We re-applied and received the Estonian universal license for providing services with digital assets (No. FVT000382 dated 04.12.2020) in December. Thus, «Joys Platform OÜ» can once again legally provide the best services for owners of digital assets.

The Joys payment service now has two companies in Estonia: «Joys Platform OÜ» and «Ringfinancial OÜ». Two registered companies in Estonia will significantly reduce the financial risks of the project and diversify transactions. Users of the Joys payment service will also be able to store their funds in different wallets in each of the two companies.

4 new stores have joined the Joys payment service

In December, we connected the Italian clothing boutique «TOTAL LOOOK», the Japanese cuisine restaurant «Manmiga», the mining equipment company «NIX Group» and the online store of clothes and accessories for dogs «Boutique from Johnny» to the Joys payment service.

«TOTAL LOOOK» offers the hottest trends and offers from Italian brands such as Alessandro Dell'acqua, Brian Dales, Oblique Creations and others. Professional stylists of the boutique will help you create your own memorable, unique and bright image.

And the Joys payment service will make all your purchases even more profitable: when paying in «TOTAL LOOOK» with Joys Wallet, you will receive individual discounts and a free astroimage consultation. Also for «TOTAL LOOOK» and Joys clients, free shipping is available in Saint-Petersburg (along with the possibility of fitting) and Russia.

«Manmiga» – restaurant of Japanese cuisine of the new format, where you can order sushi and rolls, not inferior in taste to traditional Japanese dishes. Before opening the restaurant, the creators made several long trips to Japan and South Korea. The restaurant also offers prompt delivery of all dishes from the menu.

«Nix group» offers mining solutions and equipment. The company provides sales, configuration, repair and maintenance of mining equipment, mining hotel services, consultations and training on digital security issues. Nix group also provides its own projects: digital heating and a blockchain-based electricity metering system.

The online store «Boutique from Johnny» presents clothes for yorks and other dog breeds. In the store you can find overalls, sportswear for yorks, a fur coat and casual clothing.

You can find detailed information about these stores in the «Stores» section of the Joys Wallet app or on our website.

«History of Joys Digital» – interview with CEO Joys Andrey Mikhaylishin on the «Maff» video channel

«Interviews, unlike movies, show you who you are», says talented actor Joaquin Phoenix. And for us, the interview is a great opportunity to honestly and openly talk about the Joys payment service and demonstrate its work.

«Maff» channel uploaded a big interview with the CEO Joys Andrey Mikhaylishin. You can see it here (available only in Russian).

In it, Andrey gave answers to the following questions:

  • how did he comes up with the idea to create the Joys payment service;
  • does the law on digital financial assets interfere with the operation of a payment service;
  • what benefits does a business owner get from working with us;
  • how the payment process works, as well as other questions.

The video interview also shows the process of paying the bill in the restaurant «Mr. Lebanese» using a Bitcoin balance in the Joys Wallet app. This is a unique feature of our payment service, which makes this procedure absolutely legal on the territory of the Russian Federation. Try making payments using your cryptocurrency balance by yourself and see how easy and convenient it is.

Be the best – use Joys!

Video from the webinar «How to increase revenue and save on costs by using a payment system based on QR codes»

We invite you to watch three parts of the recently held webinar «How to increase revenue and save on costs by using a payment system based on QR codes» (available only in Russian).

The first part is a speech by CEO Joys Andrey Mikhaylishin on the topic «Evolution of money». You can see it here (available only in Russian).

In his speech, Andrey told about the history of money: how money changed, starting with goods and ending with digital money; as well as about the digital currencies of countries, including the digital ruble: why they appear. Today, we are at the next stage of changing the form of money: 80% of countries are either already experimenting with the introduction of digital currencies, or have announced plans to create them. Andrey also spoke about the uniqueness of the Joys payment service and the advantage of integrating Joys into the business.

The second part is the presentation «How to increase revenue and save on costs by using a payment system based on QR codes». You can watch this video here (available only in Russian).

The leading expert is Ruslan Konovalov, Head of the Sales Department of the innovative payment service Joys. He has experience in scaling a city retail network to a regional one. Participated in the implementation of loyalty programs in hundreds of small and medium-sized businesses.

Ruslan answered the following questions in his speech:

  • how to reduce acquiring costs via QR code payments;
  • how can business survive during a pandemic: attracting new customers through a payment service;
  • which technologies save your business during the crisis and after it ends;
  • loyalty program: how to make a random client permanent.

The third part is a speech by Ivan Karpov, CEO Double Profit, on the topic «Double Profit social network – business opens doors to new customers». You can watch the video here (available only in Russian).

In his speech, Ivan spoke in detail about the benefits that businesses get from connecting to the innovative «Double Profit» social network and the Joys payment service. Loyalty 3.0 – a new format for motivating customers and monetizing them when they are transferred to the subscriber status of your business. Users have access to free advertising for businesses on the «Double Profit» social network and a system for attracting a paying audience. Ivan also spoke about special privileges for users of the Joys Wallet wallet who created their account in the «Double Profit» social network.

CEO Joys Andrey Mikhaylishin spoke on Mediametrix radio on the topic «Innovations in the payment technology market»

On December 2, Mediametrix radio hosted an analytical program «Digital future with Timur Aitov» on the topic «Innovations in the payment technology market», which was attended by CEO Joys Andrey Mikhaylishin and Andrey Polozov-Yablonsky, Chairman of the Management Board of the club of directors for science and innovation. You can view the broadcast recording at this link (available only in Russian).

As part of the broadcast, Andrey Mikhaylishin told who should initiate payment innovations, at whose expense they are implemented, and also about who will benefit and suffer from the introduction of the digital ruble. Andrey also shared his personal experience of managing the Joys payment service: how to properly promote a new payment product, how to use blockchain correctly in payment solutions. In addition, Andrey spoke about the attitude of regulators to innovations in the field of payments.

CEO Joys Andrey Mikhaylishin spoke at the 26th all-Russian Congress of the fitness industry

On December 3, Joys CEO Andrey Mikhaylishin made a presentation on the topic «Fitness must live! How to find a loyal customer». You can watch the video of the speech at this link (available only in Russian).

The event was held in an online format with the support of the Ministry of sports of the Russian Federation.

In his speech, Andrey spoke about the current problems and prospects of the fitness industry and proposed a plan for its development in the context of the pandemic, as well as presented the Joys payment service and the advantages of payments using QR.

YouTube channel «Master of Finance» published a video instruction on how to register and pass verification in Joys Wallet

On the YouTube channel «Master of Finance» released a video on the topic «How to install Joys Wallet and register in the app». You can view the video at this link (available only in Russian).

Presenter Nikolay Ziborov showed step-by-step the process of registering and passing KYC and UPRID verification procedures in Joys Wallet. The video starts with downloading Joys Wallet from the AppStore and Google Play and ends with creating ruble and cryptocurrency wallets. If for some reason you can't register in the app, pass verification, or create a wallet, just watch this video. After viewing it, you won't have any questions left!

This is just the first video in a series of tutorials about Joys Wallet. There will be many interesting and useful releases ahead! For example, in the following video, Nikolay will explain and demonstrate the useful features of the Joys Wallet app. Subscribe to the channel and click the bell so that you don't miss any new videos!

CEO Joys Andrey Mikhaylishin moderated the online session «Economics of digital currencies of Central banks. QR payments or card systems?» at the International Business Week

On December 8, during the International Business Week, an online session «Economics of digital currencies of Central banks. QR payments or card systems?», moderated by CEO Joys Andrey Mikhaylishin. On the session, guests discussed the advantages and disadvantages of QR payments and payment systems using bank cards. You can watch the video from the session at this link (also available in English).

The session was held at the online forum «International Business Week 2020», which was held from December 8 to 11 inclusive in Ufa.

CEO Joys Andrey Mikhaylishin and RACIB Vice President Valery Petrov took part in the First Eurasian Congress

On December 4, Moscow hosted The First Eurasian Congress. CEO Joys Andrey Mikhaylishin and Valery Petrov, Vice President of RACIB, attended the event, held talks with the EDB's Deputy Chairman of the Management Board, and outlined a plan for implementing a joint project to create the EAEU payment system. Andrey and Valery also conveyed and discussed with Deputy Finance Minister Alexey Moiseev our proposals for regulating the turnover of cryptocurrencies in the country.

The purpose of the Congress is to find and discuss practical solutions in the field of Eurasian economic integration. Also at the Congress of the EDB digital initiatives Foundation «Digital Eurasia: a new growth strategy» session was held to exchange views on the prospects for scaling digital projects and digital transformation at the regional and global levels.

CEO Joys Andrey Mikhaylishin spoke at the international investor forum «PRO INVEST 2020»

On December 18, CEO Joys Andrey Mikhaylishin was a speaker at the thematic session «Investing in digital assets and blockchain», which was held at the international investor forum «PRO INVEST 2020» in Moscow at the CDP place.

In his speech, Andrey spoke on two topical topics : «How to make money on marketplaces after the IPO OZON.ru» and «Investing in DeFi». Andrey also spoke about future innovations in the Joys payment service and shared with the forum participants the best investment practices tested on their own experience.

The forum also hosted a plenary session «Ideal investment portfolio after the corona crisis» with the participation of top investment market experts.

Analytics of the JOYS rate for December

The JOYS price increased by 24% in December as of 27.12.20.

The breakdown of significant resistance at $ 0.0088, and then $ 0.010 indicates the interest of buyers. An increase in trading volumes during December indicates a set of positions. Growth also occurred on volumes, which indicates the interest of sellers. Who wins will determine the trading range in which the price will move in the next month. At the moment, movement in the upper part of the range is likely, as there is a trend breakdown, consolidation on the daily charts. Subject to confirmation on the weekly time frames you can safely say about the new range and new interests of speculators.

The screenshot highlights the main support levels in the uptrend priority.


See you in the next month!

Joys team

Merry Christmas and Happy New Year from the Joys team

Dear partners, colleagues and friends!

The Joys team wishes you a Merry Christmas!

The past year has not been easy for most people. But in 2020 we have made great progress:

  • we have created a new, the most modern processing that allows to work with any digital assets;
  • fully updated our payment app – Joys Wallet;
  • made it possible for the app to work offline;
  • connected new trade and service enterprises;
  • added replenishment of balances of mobile operators, loan and insurance payments and various services;
  • added the «Promo» section, filled with offers for users from each current partner. Now discounts, benefits, gifts are in one place.

We have expanded the number of integrations in cash register software. Now the Joys payment module is available on such cash register solutions as 1C, Evotor, R-Keeper, iiko, Crystal, etc., thereby reaching over 50% of the cash register software market in the Russian Federation. Based on the existing developments, we have expanded the number of services provided by a new direction – the development of individual payment systems. Joys now allows you to run your own private payment systems of any size, from intracorporate to international. For the convenience of working in the Russian Federation, we have expanded the presence of Joys representatives almost throughout Russia.

Our priorities in 2021 will be:

  • expansion of the geography of the Joys payment service;
  • new services in the Joys Wallet app;
  • adding new digital assets and payment methods: such as the Fast Payments System in Russia, WeChat Pay, PayIt, BHIM UPI and others. We also plan to support central banks digital currencies.

Joys is becoming a universal payment tool for users and a universal hub for accepting digital payments for businesses.

In the outgoing 2020, we became a resident of the «Skolkovo» Innovation Center, and in the future we plan to become residents of other accelerators in Europe and Asia.

May 2021 be the year of successful implementation of our plans for all of us, bring as many pleasant moments, positive emotions, warmth and joy to you and your loved ones as possible. We wish everyone a good health, prosperity, happiness, love and confident movement forward towards their dreams in the coming 2021.

Merry Christmas!

Fondly and with love,
the Joys team.