– Tether made a new investment in CityPay.io, a crypto payment provider in Georgia.
– Tether aims to expand CityPay.io’s presence in Eastern Europe, specifically in Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan.
– CityPay.io plans to launch e-wallet and card solutions and establish over 500,000 crypto payment points in the expansion regions.
– Tether previously invested in CityPay.io in 2023 and aims to drive the adoption of cutting-edge technologies in traditional payment systems.
– Tether has been involved in the crypto scene in Georgia, including integrating Tether for payments on Polygon and signing a memorandum of understanding with the Georgian government.
– Georgia is known as a crypto-friendly country, with a significant number of Bitcoin ATMs in the capital city of Tbilisi.
– Tether’s increased investment in CityPay.io and involvement in Georgia signals the growth and adoption of cryptocurrencies in Eastern Europe.