Tether is an outstanding, stable cryptocurrency and a pioneering company in terms of financial freedom and innovation. Tether USD₮, a stablecoin created in October 2014, has become the most widely traded cryptocurrency, surpassing all of its competitors combined. The mentioned company operates with the blockchain-supported platform tether. to, is starting to expand in Georgia by investing in the Georgian startup CityPay.io.
CityPay.io is a crypto payment system that already enables more than 600 local and international businesses to accept crypto payments from anywhere in the world. It also simplifies receiving international transactions, the user will receive the desired service and payment receipt in a few seconds after scanning the QR code.
CityPay.io offers a crypto payment experience at companies like Wendy’s, and Radisson Hotels. Tether’s investment in CityPay.io aims to introduce a more flexible and efficient payment system in the region.
According to Tether’s Chief Technology Officer Paolo Ardoini, connecting with CityPay.io will allow them to bring more innovation and efficiency to the payment industry in Georgia.
CityPay.io CEO Eralf Hatipoglu said on the official Facebook page that – “This investment will allow us to accelerate the growth of the company to offer our services to more customers both in Georgia and abroad.
Tether’s investment in CityPay.io is the first step in introducing the company to the Georgian market.
By Mariam Gorkhelashvili
