Tether announces expansion into Eastern Europe, invests in CityPay

Expansion into Eastern Europe

Tether has expanded its presence into Eastern Europe by investing in a Georgian payment service called CityPay.io. This move aims to enhance convenient cryptocurrency use in Georgia and neighboring countries. The platform offers services in over 600 locations, allowing clients to make payments with digital assets.

Investment in CityPay.io

Tether has announced additional funding for CityPay.io, emphasizing its commitment to advancing payment solutions in Eastern Europe. The company plans to introduce new products through the service in the coming years. Paolo Ardoino, CEO of Tether, expressed their goal of disrupting traditional payment systems with cutting-edge technologies.

Collaboration and Support in Georgia

Tether’s engagement with CityPay.io and the Georgian authorities demonstrates its dedication to fostering cryptocurrency adoption in the region. The company’s investments in CityPay.io and the Academy of Digital Industries project underscore its commitment to advancing digital innovation in Georgia’s education and payment sectors.

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