Tether Invests in CityPay: You Can Now Pay with USDt in 600+ Shops, Hotels & Restaurants in Georgia
Tether , the company behind the widely used stablecoin, has recently announced its increased presence in Georgia through an investment in CityPay.io . This investment is a significant milestone for the payment processing industry as Tether becomes the first stablecoin to invest in CityPay.io, a leading payment processing company operating in over 600 locations across the country.
Georgia has emerged as one of the most crypto-friendly countries in the world, with a growing interest in cryptocurrency. Currently, 2.89% of Georgians own some form of cryptocurrency, showcasing the widespread adoption of digital assets in the nation.
Access to crypto is made easy with over 130 crypto ATMs available across the country, ensuring convenient transactions for users. In fact, a study conducted by Forex Suggest in July 2022 ranked Georgia fourth on the list of the most crypto-ready nations globally.
CityPay.io has been revolutionizing the payment experience for customers in various established retail & hospitality locations, including prominent names like Wendy's & Radisson Hotels.
Through the investment from Tether, CityPay.io aims to enhance efficiency and convenience within Georgia's payment industry, ultimately benefiting customers across the country and the Commonwealth of Independent States (CIS).