Paybis Hosts Exclusive Proof of Chill Blockchain Mixer
Paybis, a leading player in the cryptocurrency landscape, hosted the exclusive Proof of Chill blockchain mixer on August 28, 2025, at the picturesque Lighthouse restaurant in Riga. This invitation-only gathering was part of the broader Riga Tech Week, a citywide initiative that encompassed various events, including informative panels, workshops, and networking sessions catering to the thriving tech community.
Event Highlights and Networking Opportunities
In collaboration with the Latvian Blockchain Association (LBAA) and the prestigious UN:BLOCK conference, which is celebrated as Northern Europe’s foremost crypto event, Proof of Chill attracted around 300 influential figures from the realms of blockchain, fintech, and cryptocurrency. The mixer not only served as a networking platform but also celebrated an impressive year for Paybis, a company founded in Latvia in 2014, which recently reported a doubling of its turnover in the Baltic region and a significant increase in its retail user base. Today, Paybis serves over 5 million users globally, affirming its status as a trusted crypto infrastructure provider accommodating various businesses.
The evening was thoughtfully designed to foster interaction rather than act as a traditional presentation. Attendees mingled comfortably while enjoying drinks and appetizers against a scenic seaside backdrop, enhanced by live DJ entertainment as the sun set. Engaging activities, such as an AI-powered photo booth and a claw machine with prizes, injected fun into the networking atmosphere. This setup encouraged deep and meaningful discussions among participants, aligning closely with the event’s objective of promoting collaboration across related sectors.
Insights from Industry Leaders
According to Innokenty Isers, Paybis’s CEO and Founder, “Paybis exemplifies a successful homegrown brand from Latvia, revolutionizing the Web3 landscape internationally. As we continue to grow our product and technical teams here in Riga, we are committed to creating high-quality job opportunities. Proof of Chill is a stepping stone as we aim to elevate Riga into a prominent Web3 economic leader.”
Reinis Znotiņš, the Executive Director of LBAA, echoed this sentiment, emphasizing that there is a notable surge in interest surrounding cryptocurrencies and blockchain technology within Latvia and beyond. “The growth of our community is evident; through our ongoing efforts, we are successfully invigorating Latvia’s crypto asset ecosystem,” he stated.
Building a Stronger Crypto Community
The mixer built on a foundation of sustained community efforts, as LBAA works diligently to position Latvia as a critical hub for Web3 through initiatives focusing on education and policy development. Meanwhile, UN:BLOCK continues to draw large crowds, with its 2025 edition showcasing thousands of crypto enthusiasts.
For attendees of Riga Tech Week, Proof of Chill showcased the rapid development of the Baltic crypto scene, providing an ideal setting to explore potential partnerships, develop integration strategies, and discuss regulatory landscapes, further solidifying Riga’s emerging status as a center for fintech and blockchain innovation.
Paybis’s Growth in the Baltic Region
Paybis has witnessed rapid growth in the Baltic region, with retail and enterprise segments both expanding substantially. In the first half of 2025, the company’s turnover and retail user count doubled compared to the same period in 2024, highlighting a strong market presence and demand, particularly for transactions in euros and U.S. dollars. Key activity hotspots are Tallinn, Riga, and Vilnius, with burgeoning interest in other Baltic cities as well. In its role as a crypto infrastructure entity, Paybis continues to provide diverse services including seamless transactions and secure account management, catering to both individual and corporate clients, underpinned by exceptional customer support.
