Digest #8(16)

Main for July

Hello, friends! In July, the Russian government lifted most of the quarantine restrictions and began to open borders with other countries. Restaurants and shopping centers have opened their doors.

In July, we connected 5 new stores to the Joys payment service and entered into strategic partnerships with several leading companies. We will tell you about this and much more right now in the new monthly issue of our digest.

In this issue:

  • Joys Wallet – added new features, connected new stores
  • Signed a memorandum of cooperation with the group of companies "Kievskaya Ploschad"
  • Signed a memorandum of cooperation with the Innovative Company «Center Development»
  • Joys and "Crystal Service" started developing a payment module
  • Trade and logistics platform «New Silk Road BRICS» is a strategic partner and official representative of Joys in Ukraine
  • Joys started to cooperate with the National Floorball Federation of Russia
  • Regulation of the turnover of digital currencies in Russia. Interesting facts about the world and Russian cryptoeconomics
  • "How can blockchain make life easier for the ordinary person?": Joys review by Neon Journal
  • "Joys Digital – payment with cryptocurrency: myth or reality?": Interview with CMO Joys Vladislav Gavrilyuk
  • Industry reaction: the Digital Financial Assets law is very late
  • Interview with CEO Joys Andrey Mikhaylishin for UNIVER Capital investment group
  • Analytics of the JOYS rate for July
  • Cryptomemes

Joys Wallet – added new features, connected new stores

We have added to Joys Wallet the ability to create a cold wallet and support for a private key that can be saved on your smartphone. The private key can be exported to an online wallet and to the Reticule utility. This is the stage of creating an end-to-end project infrastructure that combines all platforms: mobile, desktop, and web.

Also, when creating a cold wallet, you will not need to pass the KYC verification procedure. On an unverified wallet, you can store cryptocurrency without the possibility of purchasing goods and using an exchange inside the app.

The next version of Joys Wallet will add the ability to export a private key, as well as many additional innovations, which we will tell about in our Telegram group.

Connected stores

Jewelry store "Chekotin Jewelery" in Moscow offers a large selection of designer jewelry for every taste, as well as custom-made jewelry. The store provides a 5-year warranty for all purchased jewelry.

Robotbaza is an online store for household robots and robotics. The store offers a wide range of robotic construction sets and interactive equipment, and is also an official supplier of LEGO Education.

The Prime Burger restaurant in Yurga, Kemerovo region offers a wide range of burgers, rolls, pizza and other hot dishes. The restaurant also offers ready meals delivery within 45 minutes.

In Galaxy restaurant in Yurga, Kemerovo region, you can try original dishes of Russian, European, Caucasian and Japanese cuisine. In addition to the main hall for 80 people, the restaurant has a Banquet hall and a karaoke room.

In the Rogalik cafe-cookery in Moscow, you can taste aromatic pastries along with a cup of coffee and order a light breakfast, lunch or dinner. And also try the signature cherry bagel.

Detailed information about stores and their addresses can be found in the "Stores" section of the Joys Wallet app. The new version of the app is already available in the AppStore and Google Play.

Signed a memorandum of cooperation with the group of companies "Kievskaya Ploschad;

We signed a memorandum of strategic cooperation and assistance in connecting businesses to Joys with the group of companies "Kievskaya Ploschad". 67 stores on the territory of the Moscow Central Market will be connected to the Joys payment service.

The group of companies "Kievskaya Ploschad" has been ranked 1st in the rating of Russian commercial real estate owners by Forbes magazine for several years. Today, the main areas of activity of the group of companies «Kievskaya Ploshchad» are development, hotel and restaurant business. Among the popular projects are the Evropeyskiy shopping and entertainment center, the Raddison Slavyanskaya hotel, the Panorama shopping center and others.

Cooperation with "Kievskaya Ploschad" will greatly increase both the popularity of our payment service and the number of establishments in Russia where it will be possible to legally pay with cryptocurrencies.

Signed a memorandum of cooperation with the Innovative Company «Center Development»

Innovative Company «Centr development» is the developer of a National investment platform created to attract investments in small and medium-sized businesses. Joys will participate in the development of a non-bank mechanism for financing of small and medium-sized enterprises by tokenizing assets and liabilities.

You can find more information about the National investment platform on the website.

Joys and "Crystal Service" started developing a payment module

In July, we signed a contract with the company "Crystal Service", which has already started developing a payment module.

The payment module will be compatible with the Set Retail store management system – a program for trade automation. "Set Retail" clients are "Auchan", "Perekrestok", "Dixie", "OKEY" hypermarkets, "585", "Petshop", "Metrica" construction hypermarket, and many other well-known companies that will be able to connect to the Joys payment service after completing the development of the payment module.

Joys payment service will be integrated in such a way that it will become an integral part of the store management system. At the same time, the duties of cashiers who provide service to customers will remain as simple and standard as in the case of processing any card.

In August we expect to start internal testing of the payment module and debugging. The payment module as part of the Set Retail store management system will be released to the market in October 2020.

Together with our partners, we see not only an opportunity to cheaply and quickly attract a potential audience of buyers to stores, but also give the buyer the right to choose the most profitable payment method for him.

Trade and logistics platform «New Silk Road BRICS» is a strategic partner and official representative of Joys in Ukraine

We are pleased to announce that Joys has acquired a strategic partner and official representative in Ukraine - the trade and logistics platform «New Silk Road BRICS», known for developing cryptocurrencies for the BRICS countries. This is a trade and logistics platform, supported by specialized structures of the international and supranational level, in which cryptocurrencies and digital tokens will be used in real foreign trade transactions. The use of algorithms for cryptography, blockchain and cryptocurrencies in global world trade and logistics will raise the technology and methods of transporting goods to a much higher level of development.

New Silk Road BRICS will help develop the Joys payment service by connecting new stores and establishments in Ukraine, as well as attracting new users.

By the way, John McAfee, a well-known cryptocurrency enthusiast and founder of McAfee antivirus, spoke positively about New Silk Road.

Joys started to cooperate with the National Floorball Federation of Russia

Joys started to cooperate with the National Floorball Federation of Russia (NFFR) to create a joint project.

The goal of the project is to use blockchain technology to attract funding for the NFFR, sports clubs, and individual athletes. In March of this year, we successfully implemented a system of donations to support young scientists and decided to scale this experience to the sports sphere. Cooperation with the NFFR will significantly expand the scope of the JOYS cryptocurrency.

Regulation of the turnover of digital currencies in Russia. Interesting facts about the world and Russian cryptoeconomics

On July 15, CEO Joys Andrey Mikhaylishin made a presentation «Regulation of digital currencies in Russia» at the meeting of the Subcommittee on Financial Innovations of the RUIE (Russian Union of Industrialists and Entrepreneurs) Commission on banks and banking. Andrey's speech was based on his analytical study of the cryptoeconomics market size and the role of citizens and immigrants from Russia. We invite you to familiarize yourself with interesting facts from the article:

  • The number of cryptocurrency users (active cryptocurrency wallets BTC, BCH, ETH) as of July 11, 2020 is 51.1 million.
  • About 20% of the global cryptoindustry is associated with Russia and Russians. As of July 12, this amounts to $ 54.6 billion.
  • Russia remains the leader in bitcoin trading volume on the OTC market. Approximately 25% of bitcoins were sold by Russians or to Russians.
  • In comparison with the volume of Russia's GDP, the volume of the cryptocurrency economy in Russia is 3.3% of GDP.
  • Surveys conducted by the Statista Global Consumer Survey in early 2019 show that 9% of Russians said they owned or used cryptocurrencies.

The full text of the report and presentation are available on our website at this link (available only in Russian). At a meeting of the Subcommittee on Financial Innovations of the RUIE Commission on banks and banking, it was decided to prepare its own version of the law on regulating the circulation of digital currencies. If you have ideas and suggestions for the law, share them in our Telegram group.

"How can blockchain make life easier for the ordinary person?": Joys review by Neon Journal

Business magazine «Neon Journal» wrote an article «How can blockchain make life easier for the ordinary person?», which tells about the Joys payment service. You can read the article at this link (available only in Russian).

The article explores whether digital technology really improves the income of business owners and investors, why business owners will earn more with the Joys POS app, and why the Joys Wallet app will be beneficial and useful in everyone's daily life.

"Joys Digital – payment with cryptocurrency: myth or reality?": Interview with CMO Joys Vladislav Gavrilyuk

We invite you to read an interview with Joys Marketing Director Vladislav Gavrilyuk for internet media Maff.io at this link (available only in Russian).

Vladislav in his interview talked about the history of the project, the features and benefits of connecting Joys for business, the technical implementation of the payment service, as well as the company's future plans.

Industry reaction: the Digital Financial Assets law is very late

CEO Joys Andrey Mikhaylishin, together with representatives of Russian fintech companies, made a comment for the Internet media ICT.Moscow on the Digital Financial Assets law, adopted by the State Duma in the third reading on July 22th. The law should come into force on January 1, 2021.

Andrey shared his expert opinion on the relevance of legislation, restrictions on digital currencies, as well as further plans for Joys after the adoption of the Law.

You can read the article on the ICT.Moscow website (available only in Russian).

Interview with CEO Joys Andrey Mikhaylishin for UNIVER Capital investment group

We invite you to watch the dialogue between CEO Joys Andrey Mikhaylishin and the financial director of UNIVER Capital Oleg Bochagov on the topic «New inputs on the cryptocurrency market. The regulator is tightening the requirements.» You can watch the video on YouTube at this link (available only in Russian).

Andrey and Oleg discussed the current situation in the retail and IT markets, the law on digital currencies, regulation of cryptocurrencies abroad and national digital currencies.

Analytics of the JOYS rate for July

Daily chart of the JOYS/BTC pair for July from the LATOKEN exchange

The JOYS/USDT pair was in a rather narrow sideways during July, while the trading volume turned out to be much higher compared to the spring of 2020, which indicates the ongoing accumulation - the coin's consolidation. Movement in the range 80-120 is possible. The low point was the 80 mark - confidently, with strong buybacks.

Cryptomemes

See you in the next month!

Joys team