June 8, 2021
JOYS DIGEST #5(26) – MAIN FOR MAY
The new issue of the monthly digest is already available! In it we will tell you about the Joys main news for May.
In this issue:
– Joys enters the fiat payment market
– Joys got to the semifinals of the Startup Village 2021 pitch session: we were among the top 16 of 2 000 projects
– Joys is nominated for the FINAWARD 2021 in the category "FINTECH STARTUP RISING STAR”
– We have developed a loyalty system based on smart contracts
– JOYS blockchain moves from PoW to PoAS
– CEO Joys Andrey Mikhaylishin shared with Forbes magazine the experience of passing the Central Bank's regulatory sandbox
– CEO Joys Andrey Mikhaylishin created two holywars about the digital ruble at the national blockchain conference "Blockchain/Finance”
– Analytics of the JOYS rate for May
June 1, 2021
CEO Joys Andrey Mikhaylishin shared with Forbes magazine the experience of passing the Central Bank's regulatory sandbox
CEO Joys Andrey Mikhaylishin told Forbes journalists how our payment service was piloted in the Central Bank of Russia, what comments were particularly important and valuable for us, as well as about the future plans of the project. So the article "We wanted to be an icebreaker that breaks the ice between the regulator and the industry: how the Central Bank tested crypto projects and what came out of it" appeared, which you can read at this link (available in Russian).
The Bank of Russia said in its 2020 report that it tested three digital currency projects last year, including the Joys payment service.
"Since both the Central Bank has a negative attitude towards cryptocurrencies and the crypto industry has a very negative attitude towards the Central Bank, we wanted to be an icebreaker that breaks the ice between the regulator and the industry. We have partially succeeded", Andrey said.
After piloting the project for cryptocurrencies, Joys executives realized that their infrastructure fits well with the Fast Payment System (FPS). So Joys became an agent for connecting retail and service enterprises to the FPS. The platform is also ideally suited for the development of the digital ruble, which the Central Bank is currently working on, says Andrey Mikhyilishin. You can connect the FPS to accept payments from customers by leaving a request on our website.
May 27, 2021
Joys is nominated for the FINAWARD 2021 in the category "FINTECH STARTUP RISING STAR”
On July 1, 2021, the 11th FINAWARD 2021 Financial Industry Innovation and Achievement Award Ceremony will take place.
Joys, a payment service for settlements using fiat and digital currencies, was nominated by the Skolkovo Foundation in the FINTECH-STARTUP RISING STAR nomination.
You can take a look at all FINAWARD 2021 nominations here.
The award winners in the competitive nominations are determined by an expert council of representatives of the Russian financial community. The Council includes experts, analysts and representatives of the Russian banking, financial markets and the market of banking and financial infrastructure companies.
May 27, 2021
Joys enters the fiat payment market
We have successfully completed integration tests with the Bank of Russia's Fast Payment System (FPS). And now Joys (Digital Payments LLC), in partnership with Promsvyazbank, has launched a new service for business "Easily and simply connect the FPS", which allows you to set up a fast payment service on cash registers for free. This expands our market to the world of fiat money. And connected loyalty programs on the Joys blockchain will soon allow the JOYS coin to find application on the fiat market. RBC and Vedomosti reputable magazines have already written about us.
The service provided by Joys allows businesses specializing in the restaurant and retail business to quickly connect FPS to the R-Keeper, iiko and 1C systems.
"We, as an acquiring bank, see great prospects for this solution for entrepreneurs, especially those who work in the field of fast food, because:
– first, the service improves the usability of the FPS,
- secondly, it allows you to reduce the cost of acquiring services by five times with a guaranteed rate of up to 0.7% per operation,
because retail and service companies may not pay for the maintenance of POS terminals for accepting payments.
At the same time, all integration of the service is carried out by our partner, Joys, absolutely free of charge", says Nikita Khomutov, Director of the Promsvyazbank Acquiring Department.
By connecting a business to the FPS, we also connect the Joys payment service at the same time. The FPS for our project is an anchor product for selling all our other products.
"Joys (Digital Payments LLC) offers innovative, profitable and most convenient solutions for business. That is why we have integrated the FPS module directly into the cash register software – this allows you to quickly accept payments without additional training for cashiers, while continuing to work in the usual sales logic. FPS complements current payment methods and expands business opportunities in automating marketing programs and attracting new customers. With Joys and Promsvyazbank, connecting to the FPS is free, convenient, simple and promising" – Andrey Mikhaylishin, General Director of Digital Payments LLC.
You can activate the "Easily and simply connect FPS" service by leaving a request on our website or on the Promsvyazbank website.
May 20, 2021
Joys got to the semifinals of the Startup Village 2021 pitch session: we were among the top 16 of 2 000 projects
Joys, a fintech startup offering a new-generation payment ecosystem, took part in a pitch session for investors at the Startup Village 2021 conference on May 24-25. According to the results of the event, Joys entered the top 16 of 2000 projects.
On May 24-25, 2021, the Skolkovo AdVentureLand startup competition was held, the format of which for the first time provided for three stages of competition rather than standard pitches.
During the year, since the last Startup Village, those who want to take part applied, and out of more than two thousand, the organizers chose only 80. The jury, business angels Kirill Parinov, Bogdan Yarovoy, Vitaly Polekhin and Denis Efremov selected only 32 of the most convincing and promising projects from them, which clashed in the final battle.
The first stage was as concentrated as possible: in just a minute, the speaker, armed with a presentation with a single slide, had to present his project to a jury of professional investors in such a way as to get at least one "like".
The second stage is the battle of metrics. The battle took place within the teams, the captain assigned which of his projects were measured by metrics among themselves. Based on the results of this stage, a decision was made on which of the projects selected by him will go to the final.
The final is a five-minute pitch with a presentation. The winner was awarded to the project for which more votes were given in social networks: Facebook and VK.
Participation in the pitch to investors gave us the opportunity to attract funding for the seed project round in order to enter the markets of Europe and Asia, develop project tools such as Big Data, streaming analytics, Data Discovery, as well as receive support in the innovation and scientific community.
May 17, 2021
JOYS DIGEST #4(25) – MAIN FOR APRIL
The new issue of the monthly digest is already available! In it we will tell you about the Joys main news for April.
In this issue:
– Joys Wallet – we have added USDT and ERC-20 tokens support
– Joys FPS – we started connecting retail and service companies to the Fast Payment System
– Joys became a partner of the Center for Financial Technologies (CFT) for connecting FPS
– Joys is included in the list of startups accredited by the Moscow Innovation Agency
– We have successfully passed the equator of the Start Hub program
– RNKO RIB – license revocation
– CEO Joys Andrey Mikhaylishin spoke at the business forum "Productive 2021”
– Joys team on the Blockchain Life 2021 Forum
– Analytics of the JOYS rate for April