Press Jun 30, 2022 2 min read

Zavod-IT Created a Service for Accepting Payments in Cryptocurrency

Two months ago, Alexander Protsyuk, director of the IT company Zavod-IT, offered his employees to receive their salaries in cryptocurrency. Now he has launched a service for accepting payments in cryptocurrency for business. This was reported to CNews by representatives of Zavod-IT.

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Aleksandr Protsiuk Fractional CTO - Sunnyvale, CA
Published Jun 30, 2022 Updated May 13, 2026 Read time 2 min
Zavod-IT Created a Service for Accepting Payments in Cryptocurrency

Two months ago, Alexander Protsyuk, director of the IT company Zavod-IT, offered his employees to receive their salaries in cryptocurrency. Now he has launched a service for accepting payments in cryptocurrency for business. This was reported to CNews by representatives of Zavod-IT.

Sanctions have affected and continue to affect the life of international companies quite strongly. Businesses have difficulties in settlements with foreign counterparties and accepting payments from abroad. In addition, the accounts of ordinary users are blocked at foreign crypto exchanges and at the moment there are no preconditions for improvement of the situation and easing of restrictions imposed by crypto exchanges.

The company's employees have responded positively to this innovation and the majority of employees are now actively using the opportunity to receive part of their salary in digital currency. Following the successful experience with transferring crypto wages to employees, Alexander decided to create his own service to help businesses accept and make payments in cryptocurrency - Coiner.cab.

“We interact directly with blockchains and control this integration ourselves without layers in the form of regulatory bodies. Each of our customers creates a personal crypto wallet that they control themselves. Many people liked it and began to adopt this experience in their relationships with their employees. The new solution also allows us to transfer customer relationships to the crypto plane,” said Oleksandr Protsyuk.

Every business can now, with the help of Coiner.cab, create a cryptocurrency payment account in two clicks, which they can insert into any of their websites and immediately start accepting payments.

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Aleksandr Protsiuk
Fractional CTO - Sunnyvale, CA

15+ years building software products. 200+ projects delivered. Winner of APIWORLD 2024 Hackathon in Silicon Valley. I work as a fractional CTO for startups -- handling architecture, AI-first delivery, hiring, and technical due diligence so founders can focus on growth.

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