citypay

ChainCatcher news, Tether announced that USDT on TON has been launched on the crypto payment app CityPay.CityPay completed over 2 million euros (approximately 2.17 million dollars) in seed round financing in August 2023, with participation from Tether and others. Tether announced an additional investment in CityPay in May 2024, with the specific investment amount undisclosed.

ChainCatcher news, according to official sources, Tether Operations Limited announced today that it will strengthen its business in Eastern Europe through additional investment in the payment solutions company CityPay.io.It is reported that CityPay.io aims to provide customers and businesses with a seamless payment experience, allowing them to use cryptocurrencies for payments at venues such as Wendy's and Radisson Hotels. In the next two years, CityPay.io plans to launch groundbreaking e-wallet and card solutions, expected to attract over 400,000 users. The company also intends to establish over 500,000 cryptocurrency payment points in designated expansion areas.Tether's investment will greatly facilitate CityPay.io's expansion into Eastern Europe. This expansion primarily targets countries such as Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan, aiming at significantly growing the use of payment technology and cryptocurrencies in these vibrant emerging markets.

ChainCatcher news, the cryptocurrency payment company CityPay announced the completion of over 2 million euros (approximately 2.17 million dollars) in seed funding, which includes a 500,000 dollar cryptocurrency investment. Tether, Presto Ventures, and other angel investors participated in the new funding, which will be used for market expansion and to drive the development of the B2C platform.CityPay.io helps business clients receive cryptocurrency payments through four methods: web-integrated payments, POS terminals, email billing, and personal initial deposits.

ChainCatcher news, USDT issuer Tether announced an investment in CityPay.io to expand its business in Georgia. Tether is committed to bringing greater innovation and efficiency to the state's payment industry and looks forward to announcing further initiatives in the near future.CityPay.io is reported to be a leading payment processing company, active in over 600 locations nationwide, including stores, hotels, restaurants, and more. (Source link)