- To encourage the use of cryptocurrencies in Eastern Europe, Ether is boosting its investment in CityPay.io, a cryptocurrency payment provider based in Georgia.
- With more than 2000 sites in Georgia, CityPay.io intends to expand by introducing card and e-wallet options, reaching over 400,000 customers and installing more than 500,000 cryptocurrency payment points.
With a fresh investment in CityPay.io in Georgia, Tether extends its reach into Eastern Europe. The money will go toward new card and e-wallet options.
With a new investment in CityPay.io, a cryptocurrency payment company based in Georgia, stablecoin giant Tether is strengthening its commitment to the adoption of cryptocurrencies in Eastern Europe.
Eastern Europe Sees Tether’s Growth
With this funding, Tether becomes the first stablecoin to invest in the Georgian supplier of payment solutions, following its initial 2023 investment.
With over 2000 active sites around Georgia, CityPay.io provides a smooth cryptocurrency payment experience at places like Radisson Hotels.
Over the next two years, the platform hopes to introduce cutting-edge card and e-wallet solutions, reaching over 400,000 users and setting up over 500,000 cryptocurrency payment locations. Tether’s fresh funding is expected to greatly accelerate CityPay.io’s Eastern European expansion.
The Future Plans and Expansion of CityPay.io
The main focus is on nations like as Uzbekistan, Kazakhstan, Georgia, Armenia, and Azerbaijan. These thriving emerging markets show how cryptocurrencies and payment technology are becoming more and more common.
The CEO of Tether, Paolo Ardoino, expressed excitement about the partnership with CityPay.io. He made it clear that the goal of this second investment is to advance the integration of disruptive technologies into established payment systems while building on the success of the first.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
