Blockchain News Flash: According to ChainCatcher, Tether Operations Limited announced that it will strengthen its business in Eastern Europe through additional investment in payment solutions company CityPay.io. CityPay.io is committed to providing customers and businesses with a seamless payment experience, allowing them to pay with cryptocurrency at venues such as Wendy's and Radisson Hotels.

Over the next two years, CityPay.io plans to launch innovative e-wallet and bank card solutions that are expected to attract more than 400,000 users. At the same time, the company also plans to establish more than 500,000 crypto payment points in designated expansion areas.

Tether’s investment will greatly promote CityPay.io’s expansion into Eastern Europe, with main target markets including Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan. Payment technology and cryptocurrency usage are growing significantly and dynamically in these emerging markets.