Tether increases investment in payment solutions company CityPay.io

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.