According to BlockBeats, Tether Operations Limited has announced an additional investment in payment solutions company CityPay.io to strengthen its business in Eastern Europe. CityPay.io aims to provide a seamless payment experience for customers and businesses, enabling them to use cryptocurrencies for payments at places like Wendy's and Radisson Hotels.
Over the next two years, CityPay.io plans to launch innovative e-wallet and bank card solutions, expected to attract over 400,000 users. The company also intends to establish more than 500,000 crypto payment points in designated expansion areas. Tether's investment will significantly facilitate CityPay.io's expansion into Eastern Europe.
This expansion primarily targets countries such as Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan. The goal is to tap into vibrant emerging markets where the use of payment technology and cryptocurrencies is significantly increasing.
