Tether, the stablecoin company behind USDT, has announced that it has expanded its presence in crypto-friendly Georgia with an investment in CityPay.io, “a leading payment processing company active in over 600 locations across the country including shops, hotels, restaurants and more.”
Paolo Ardoino, Chief Technology Officer at Tether, said:
We are excited to be working with CityPay.io to bring greater innovation and efficiency to the payment industry in Georgia.
Tether is committed to supporting companies that share our vision of building a more connected and accessible financial system. This investment in CityPay.io is an important step towards achieving that goal.
Eralp Hatipoglu, CEO of CityPay.io added:
© Solana Daily Brief, Inc. All Rights Reserved. This article is for informational purposes only. It is not to be used as legal, tax, investment, financial, or other advice.We are thrilled to be joining forces with Tether.
Their investment will enable us to accelerate our growth and bring our services to more customers across Georgia. We look forward to working closely with Tether to bring greater innovation and efficiency to the payment industry.