Paybis hosted Proof of Chill: An Exclusive Blockchain Mixer, an invitation-only meetup for the blockchain, crypto and fintech communities at Riga’s Lighthouse restaurant on August 28, 2025. The invite-only event was an official part of Riga Tech Week’s schedule. The citywide program included talks, workshops, meetups, and panels across Riga held by a variety of companies and communities.
The mixer event was organized in collaboration with the Latvian Blockchain Association (LBAA) and UN:BLOCK, the leading crypto conference in Northern Europe. The regional interest was strong, with 300 leaders from the crypto, fintech, and blockchain industries coming together in the evening.
Proof of Chill also marked a milestone for Paybis, which doubled Baltic turnover and nearly doubled its retail user base year-over-year. Founded in Latvia in 2014, the company has grown into a global crypto infrastructure provider with more than 5 million users and is trusted by global businesses worldwide.
Voices from Latvia’s Web3 Scene
Proof of Chill was designed as a working mixer rather than a stage program. Guests enjoyed cocktails and plates in a relaxed seaside setting, with a DJ playing through sunset. Interactive touches such as an AI photo booth and a claw machine with prizes kept energy high, while a curated guest list ensured meaningful conversations across adjacent fields.
Bringing business and community voices together underscored the event’s goal. “Paybis is a homegrown Latvian success story and a growing force in Web3 across the globe,” said Innokenty Isers, Founder and CEO of Paybis. “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.”
Reinis Znotiņš, Executive Director of LBAA, added, “It is clear that interest in crypto assets, blockchain, and fintech is growing not only globally but also in Latvia. Our community is growing, and with active work, we’ve managed to set Latvia’s ecosystem in motion.”
The event built on long-running community efforts. LBAA, a Riga-based nonprofit, works to establish Latvia as a European Web3 hub through education, policy, and community building. UN:BLOCK, the largest crypto conference in Northern Europe, drew a four-figure audience in 2025 and has already opened ticket sales for its next edition.
For visitors in town for Riga Tech Week, Proof of Chill offered a snapshot of the Baltics’ fast-growing crypto ecosystem. The evening gave participants space to explore pilot partnerships, sketch integration plans, and exchange perspectives on regulatory priorities, strengthening Riga’s position as a hub for fintech and blockchain collaboration.
Paybis in the Baltics
Paybis’s presence in the Baltics grew quickly across both retail and enterprise. In the first half of 2025, turnover and retail user base doubled compared to H1 2024, showing strong market fit and wider reach. Most purchases were in euros, with U.S. dollars next in line. The concentrated demand was in the core European currencies.
Most activity centers on Tallinn, Riga, and Vilnius, with new pockets picking up in other Baltic hubs. On the retail side, BTC, USDT, and ETH see the most use. In addition to retail growth, Paybis added new corporate accounts, bringing businesses from various industries into the mix. Operating as a crypto infrastructure provider since 2014, Paybis supports businesses with on- and off-ramp services, global crypto payments, and secure business wallets, with round-the-clock support.
