Tezer continues to take over the world. This time from Georgia. The cryptocurrency giant has decided to invest in CityPay.io, the leading payment provider in Georgia. The CityPay network includes more than 600 service points, including shops, hotels and restaurants.
This provider provides its customers with all the necessary tools for making payments. Apparently, Tether is showing interest in the Georgian cryptocurrency market. However, this step also indicates the company's intention to contribute to the development of the payment industry in the country.
Georgia is currently experiencing rapid growth and strong demand for cryptocurrency payment solutions. With a significant percentage of the population owning cryptocurrencies and an extensive network of crypto ATMs across the country, Georgia occupies one of the leading places among the countries offering the most favorable environment for the development of the cryptocurrency market.
Tether's investment in CityPay.io will provide an opportunity for the company to expand its reach. First of all, this will lead to innovation and a positive impact on customers in Georgia and the CIS countries.
Paolo Ardoino, CTO of Tether, emphasized the importance of this partnership, noting the common vision of both companies to create a single and accessible financial infrastructure. Eralp Hatipoglu, CEO of CityPay.io expressed his approval of this cooperation and assessed the potential opportunities for further growth and development of services.
In addition, it is worth noting that last week Tether signed a memorandum of cooperation with BTU, one of the leading business and technology universities in Georgia. This agreement contributes to the development of education in the field of blockchain and cryptocurrencies in the region.
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