Voluto crypto shop opens in Uzbekistan – a new format for legal crypto-asset transactions

On August 18, a physical crypto shop, Voluto, opened in Tashkent with the support of Paynet. The new location is situated at 2A Labzak Street, Shaykhantakhur district. The new format is designed for individuals, including foreign citizens, who are looking for a legal, transparent and fully supported service for conducting crypto-asset transactions.

How the Voluto crypto shop works

Voluto is a physical location where crypto-asset transactions are carried out according to a formalized and transparent process similar to the familiar experience of exchanging currency at a bank. Customers visit the shop, complete identification, and can then buy or sell USDT for cash. A receipt confirming the transaction is issued for each deal.

A separate room is available at the shop for high-value customers. This allows transactions to be conducted in a more comfortable setting while maintaining the established identification and transaction procedures.

One of Voluto’s key features is its competitive exchange rate. According to the company, the rate is determined based on its own liquidity, without an additional chain of intermediaries. This allows the company to offer customers more attractive conditions when buying and selling crypto-assets.

In this way, Voluto combines an offline service format with the requirements of a regulated market: customer identification, transaction documentation, a standardized service process, and the ability to conduct transactions using cash.

Paynet creates a new format for working with crypto-assets in Uzbekistan

For Paynet, the launch of Voluto represents the next stage in the company’s development beyond traditional payment infrastructure. Paynet’s core business is built around mass payments and financial services, while entering the crypto-asset sector represents a new direction amid the development of a regulated digital-asset market in Uzbekistan.

“People are afraid that the crypto market is something illegal. We came to show that a crypto-asset transaction can be just as ordinary and straightforward as paying a bill — with identification, a receipt and clear rules,” said Arnold Gzirov, Head of the Voluto project.

According to an estimate by Voluto based on publicly available data from the National Agency of Perspective Projects (NAPP), the volume of transactions conducted through licensed providers in Uzbekistan exceeded $2 billion in 2025. At the same time, a significant share of transactions still takes place through informal channels, including intermediaries, P2P schemes and private arrangements. For customers, this means fewer opportunities to document transactions and additional risks.

Voluto believes that the role of licensed market participants is not to compete with one another, but to create a legal alternative to the informal methods of exchange that customers are accustomed to. “Legality should be the norm, not an advantage,” Arnold Gzirov says.

The next stage of Voluto’s development
In the first quarter of 2027, Voluto plans to launch a mobile crypto wallet that will allow users to buy, sell and store crypto-assets. In the future, the company is also considering integrations with banks and fintech companies.

Thus, the physical shop serves as the first point of entry into a broader Voluto ecosystem, which is expected to eventually bring together offline crypto-asset transactions, business services, a mobile crypto wallet, and integrations with financial infrastructure.