Global cryptocurrency exchange Paybis announced the hosting of “Proof of Chill: An Exclusive Blockchain Mixer,” a private networking gathering for the blockchain, cryptocurrency, and financial technology sectors.
The event took place at Riga’s Lighthouse restaurant on August 28th, and was included in the official program of Riga Tech Week, which featured a citywide schedule of discussions, workshops, meetups, and panels led by various organizations.
The mixer was arranged in partnership with the Latvian Blockchain Association (LBAA) and UN:BLOCK, a major cryptocurrency conference in Northern Europe.
Attendance reflected strong regional engagement, with 300 representatives from the fintech, blockchain, and cryptocurrency industries participating. The gathering also highlighted an important stage in Paybis’ development, as the company reported a doubled Baltic turnover and substantial year-over-year retail user growth.
Established in Latvia in 2014, Paybis has expanded into an international cryptocurrency infrastructure provider, serving more than five million users and maintaining partnerships with businesses worldwide.
Proof of Chill was structured as a networking mixer instead of a stage-driven program. Attendees gathered in a coastal atmosphere, where food, drinks, and music from a live DJ created a casual backdrop as the sun went down.
Interactive features, including an AI-powered photo booth and a prize-filled claw machine, added to the experience and maintained an engaging environment. A carefully selected guest list promoted productive exchanges across related industries, reinforcing the event’s central objective of connecting business and community perspectives.
“Paybis is a homegrown Latvian success story and a growing force in Web3 across the globe,” said Innokenty Isers, Founder and CEO of Paybis, in a written statement. “This year, we continue to expand our product and technical team in Riga, creating high-paying jobs. Proof of Chill is only the beginning of our efforts to position Riga as a regional Web3 economic leader,” he said.
“It is clear that interest in crypto assets, blockchain, and fintech is growing not only globally but also in Latvia,” said Reinis Znotiņš, Executive Director of LBAA, in a written statement. “Our community is growing, and with active work, we’ve managed to set Latvia’s ecosystem in motion,” he said.
The gathering built on ongoing community-driven initiatives. The LBAA, a nonprofit based in Riga, focuses on positioning Latvia as a European Web3 center through educational efforts, policy engagement, and community development. UN:BLOCK, recognized as the largest cryptocurrency conference in Northern Europe, attracted a four-figure audience in 2025 and has already launched ticket sales for its upcoming edition.
For those attending Riga Tech Week, Proof of Chill provided insight into the Baltic region’s quickly expanding cryptocurrency landscape. The event created opportunities to explore pilot collaborations, outline potential integrations, and discuss regulatory approaches, further reinforcing Riga’s role as a meeting point for fintech and blockchain cooperation.
Paybis expanded its footprint in the Baltic region at a fast pace across both retail and enterprise segments. During the first half of 2025, the company recorded a doubling of turnover and retail users compared to the same period in 2024, reflecting a strong alignment with market demand and a broader customer base.
The majority of transactions were conducted in euros, followed by US dollars, highlighting concentrated activity in key European currencies. Most engagement was seen in Tallinn, Riga, and Vilnius, with additional growth emerging in other Baltic centers. On the retail side, BTC, USDT, and ETH remained the most widely used assets.
Alongside retail expansion, the company also increased its corporate client base, incorporating businesses from diverse industries. Since its founding in 2014, Paybis has operated as a cryptocurrency infrastructure provider, offering on- and off-ramp solutions, global cryptocurrency payment options, secure business wallets, and continuous support services.
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