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As experts in the field of crypto, blockchain, and digital assets, we are thrilled to bring you the latest news on Tether’s strategic investment in CityPay.io. This partnership is set to revolutionize payment solutions in Eastern Europe and accelerate the adoption of cryptocurrencies in the region.
CityPay.io, a leading payment processing company with a strong presence in Georgia, has received additional funding from Tether Operations Limited. This investment builds on Tether’s initial entry into CityPay.io in 2023, making it the first stablecoin to invest in the company.
The collaboration between Tether and CityPay.io aims to enhance the payment experience for customers and businesses, enabling seamless transactions using cryptocurrencies at popular establishments like Wendy’s and Radisson Hotels. CityPay.io has ambitious plans to introduce innovative e-wallet and card solutions, with a projected user base exceeding 400,000 individuals and over 500,000 crypto payment points across expansion regions.
Tether’s investment will support CityPay.io’s growth in Eastern Europe, focusing on countries such as Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan. These emerging markets show a rising demand for payment technologies and cryptocurrencies, making them ideal targets for Tether’s strategic investment.
Paolo Ardoino, CEO of Tether, is excited about the renewed collaboration, highlighting the positive impact of their previous partnership in expanding cryptocurrency use in Georgia. With this second investment, Tether aims to drive the adoption of cutting-edge technologies that disrupt traditional payment systems, contributing to a more connected and accessible global financial system.
This initiative aligns with Tether’s mission to promote cryptocurrency adoption and education in emerging markets worldwide, empowering communities and fostering a more inclusive financial landscape. To stay updated on Tether’s investment in CityPay.io and their continued efforts, visit Tether.io.
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