“Can a regulated crypto-to-fiat gateway become the default embedded crypto payment and card infrastructure for European businesses navigating MiCA?”
Founded as a consumer Bitcoin wallet and exchange, Cryptopay gradually expanded into B2B crypto payment infrastructure — offering merchants crypto payment acceptance, multi-currency settlement, and corporate prepaid crypto cards. It has obtained VASP licenses in Estonia and Luxembourg and an MSB registration in Canada, positioning itself as a regulated crypto-to-fiat gateway for businesses. The company is now preparing for MiCA compliance and has added open-banking connectivity (PSD2 Berlin Group API via Salt Edge), signalling a move toward acting as a regulated payment institution across the EU rather than purely a crypto processor.
Cryptopay discloses CPS Solutions OÜ / UAB CPS Payments (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Cryptopay does not disclose a bank charter of its own; its banking services are provided through CPS Solutions OÜ / UAB CPS Payments (in-house).
Cryptopay processes payments through Worldpay for Platforms and worldpay.
Cryptopay connects to bank accounts through Salt Edge.
The Embedded Finance Index 2026 maps 3 layers in Cryptopay's stack: Payments / PSP (Worldpay for Platforms and worldpay); Banking / BaaS (CPS Solutions OÜ / UAB CPS Payments (in-house)); Open banking (Salt Edge).
Cryptopay was founded by Dmitrii Guniashov and Alexey Siderov and is founded in 2013, headquartered in Tallinn, Estonia / Vilnius, Lithuania.
Get a read on where your own stack stands against Cryptopay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.