What is ivendPay (IVPAY)?

Quick Facts

  • Token symbol: IVPAY
  • Blockchain: BNB Smart Chain (BEP-20)
  • Founded: 2022, headquartered in Lisbon, Portugal
  • Founders: Sergey Danilov and Paul Vysotski
  • Supported cryptocurrencies: 40+
  • Key technology: NFC-enabled contactless crypto payments
  • European license: Holds license for crypto payment acceptance and money transfers
  • Token role: Utility token for payments, rewards, discounts, and governance

Introduction

ivendPay (IVPAY) is a fintech project designed to make cryptocurrency payments accessible for everyday commerce. It provides merchants and businesses with universal tools to accept digital currencies across both physical and online environments.

At its core, ivendPay bridges the gap between crypto users and traditional retail by offering practical, plug-and-play payment infrastructure.

History & Background

ivendPay was founded in 2022 by Sergey Danilov and Paul Vysotski, with the company headquartered in Lisbon, Portugal. The project launched its Token Generation Event (TGE) in early 2024 after completing multiple private funding rounds.

A key milestone in the project's development was obtaining a European regulatory license for crypto payment acceptance and money transfers, strengthening its compliance standing in the region.

How ivendPay Works

ivendPay supports multiple integration channels for merchants, including POS terminals, vending machines, e-commerce plugins, REST APIs, and a mobile app available on both iOS and Android.

One of its distinguishing features is being among the first crypto payment platforms to leverage Near Field Communication (NFC) technology, enabling instant, contactless crypto transactions — similar to how tap-to-pay works in traditional banking.

The platform supports over 40 different cryptocurrencies, giving merchants and customers significant flexibility when transacting.

Tokenomics

IVPAY is the native utility token of the ivendPay ecosystem. It is designed to create a smooth transfer of value within the platform and is integrated across services as a means of payment, reward, and discount.

Merchants who use IVPAY for fee payments benefit from reduced processing fees of 0.2% to 1%, making crypto acceptance more cost-effective compared to traditional payment rails. Token holders can also participate in platform governance, contributing to key decisions about the ecosystem's development.

Circulating Supply ? 963.92 million IVPAY
Reserved supply ? 36.08 million IVPAY
ADVISOR
0xC6748400efEE617DC31168318C9acEfBA96ea132
18 IVPAY
Burned
0x0000000000000000000000000000000000000001
0 IVPAY
VESTING
0x0599212899ea4b1947cc3Eb69617cb909CA4C3cC
3.50 million IVPAY
VESTING
0x33Eac50b7fAf4B8842A621d0475335693F5D21fe
6.84 million IVPAY
VESTING
0x639609C9F0EB9684d4E5BD8b9255548680a2a54F
25.73 million IVPAY
Total supply ? 1.00 billion IVPAY
Max supply ? -- IVPAY
Updated 15h ago

Ecosystem & Use Cases

ivendPay's ecosystem spans several real-world use cases:

  • Retail payments via NFC-enabled POS terminals
  • Vending machine cryptocurrency integration
  • E-commerce plugin support for online stores
  • API access for custom business integrations
  • Mobile payments through a dedicated app

The IVPAY token acts as the connective layer across all these touchpoints, unlocking fee discounts and rewards for active users.

Team, Governance & Community

The project is led by Sergey Danilov and Paul Vysotski, who have focused the company's direction on practical, real-world crypto adoption. ivendPay maintains an active presence across Telegram, Twitter, Instagram, and YouTube.

IVPAY token holders have a governance role, allowing the community to participate in shaping the platform's future direction and product decisions.

Advantages

  • Multi-channel payment support — POS, vending, API, mobile, and e-commerce in one platform
  • NFC contactless payments — fast, modern transaction experience for customers
  • 40+ cryptocurrencies supported — broad digital asset coverage for merchants
  • Low processing fees — IVPAY holders enjoy fees as low as 0.2%
  • European regulatory license — adds credibility and compliance for business use

Risks & Challenges

  • Adoption hurdles — convincing traditional merchants to accept crypto remains a broad market challenge
  • Competitive landscape — several established players operate in the crypto payments space
  • Regulatory uncertainty — crypto payment regulations continue to evolve across different jurisdictions
  • Token volatility — IVPAY's value is subject to general crypto market fluctuations

Long-Term Vision

ivendPay aims to become a leading global infrastructure layer for cryptocurrency payments, making digital currency spending as seamless as swiping a card. By expanding its merchant network, broadening supported assets, and deepening its regulatory footprint across Europe and beyond, the project seeks to normalize crypto as an everyday payment method for consumers and businesses alike.

Frequently Asked Questions

ivendPay is a fintech platform that enables merchants to accept over 40 cryptocurrencies through POS terminals, vending machines, APIs, e-commerce plugins, and a mobile app. IVPAY is the platform's native utility token used for payments, rewards, and fee discounts.

ivendPay claims to be among the first crypto payment platforms to use NFC (Near Field Communication) technology, allowing contactless crypto transactions similar to tap-to-pay. It also supports an unusually wide range of over 40 different cryptocurrencies.

IVPAY is used within the ecosystem as a means of payment, to earn rewards, and to receive discounts on processing fees. Token holders also participate in platform governance by contributing to key decisions about its development.

Merchants who pay fees using IVPAY tokens benefit from reduced processing rates of 0.2% to 1%, depending on the transaction. This is significantly lower than typical traditional payment processor fees.

ivendPay was founded in 2022 by Sergey Danilov and Paul Vysotski. The company is headquartered in Lisbon, Portugal.

Yes, ivendPay has obtained a license in Europe for crypto payment acceptance and money transfers, providing a compliant framework for businesses to use its services.

IVPAY is a token on the BNB Smart Chain. Its contract address is 0xde5bdcbd4d7dfa86e527fef9971bd6ca6a76eefb.

Merchants can integrate ivendPay through POS terminals, vending machines, a REST API, e-commerce plugins, and a dedicated mobile app available on iOS and Android.