📰 Table Of Contents
Tether Expands Investment in CityPay.io
Tether Operations Limited, the USDT stablecoin issuer, has announced its plans to expand its presence in Eastern Europe through further investment in CityPay.io.
CityPay.io Expansion Details
- CityPay.io enables users to make payments at various establishments using cryptocurrencies like Bitcoin.
- Currently, CityPay.io has over 600 locations in Georgia.
- The platform plans to introduce its own e-wallet and card solutions within two years.
- CityPay.io aims to establish over 500,000 crypto payment points across the expansion regions.
CEO’s Excitement
Paolo Ardoino, CEO of Tether, expressed excitement about the collaboration, emphasizing the goal to drive the adoption of cutting-edge technologies that disrupt traditional payment systems.
Tether’s Strategic Partnerships and Initiatives
Tether continues to expand its presence in the digital asset space through strategic partnerships and platform launches, signaling a shift beyond stablecoin offerings into broader realms of innovation.
Recent Collaborations
- Tether partnered with Fuze to advance education and awareness surrounding digital assets in Turkey and the Middle East.
- The collaboration focuses on digital asset education, compliance, regulatory framework development, and education for local financial institutions.
Tether’s Focus on Innovation
With initiatives like Tether Evo, the company is pushing boundaries to propel humanity towards a future where technology and human capabilities converge in unprecedented ways.
Expansion on TON Blockchain
Tether’s recent launch on TON, the 11th blockchain to host Tether, marks a significant milestone in expanding accessibility and utility for users worldwide, emphasizing the commitment to enhancing its ecosystem.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
