Tether Expands Crypto Payment Presence in Eastern Europe with Fresh Investment
Tether is expanding its presence in Eastern Europe by investing $61,464 into CityPay.io, a platform for crypto payments at local establishments like Wendy’s and Radisson hotels. The investment supports expansion efforts in countries such as Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan.
Stablecoin giant Tether is expanding its presence in Eastern Europe with an additional investment.
Tether announced on May 8th that it will invest $61,464 in CityPay.io, a platform enabling payments for services using virtual currencies such as Bitcoin (BTC). This move is part of Tether’s initiative to strengthen CityPay.io’s reach within the Eastern European market.
- Focusing on countries like Georgia, Armenia, Azerbaijan, Kazakhstan, and Uzbekistan
This investment aims to bolster CityPay.io’s expansion into Eastern Europe.