Tether extends his presence in Georgia by investing in a payment processing company

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Von Krypto News Österreich

Tether – der Emittent des Stablecoins USDT – kündigte die Ausweitung seiner Präsenz in Georgia durch eine Investition in ein Zahlungsabwicklungsunternehmen namens CityPay.io an. Der Schritt gilt als „wichtiger Meilenstein“ für die Zahlungsabwicklungsbranche, von dem Kunden in ganz Georgia und der GUS profitieren. Dem offiziellen Blogbeitrag zufolge will Tether mit der jüngsten Investition mehr Effizienz und Komfort in die Zahlungsbranche in Georgia bringen. Paolo Ardoino, Chief Technology Officer bei Tether, kommentierte die Entwicklung wie folgt: „Tether engagiert sich für die Unterstützung von Unternehmen, die unsere Vision teilen, ein vernetzteres und zugänglicheres Finanzsystem aufzubauen. Diese Investition in CityPay.io ist ein wichtiger …
Tether - the issuer of the USDT stable - announced the expansion of his presence in Georgia by investing in a payment processing company called CityPay.io. The step is considered an "important milestone" for the payment processing industry, from which customers benefit throughout Georgia and the GUS. According to the official blog post, Tether wants to bring more efficiency and comfort to the payment industry in Georgia with the recent investment. Paolo Ardoinino, Chief Technology Officer at Tether, commented on the development as follows: “Tether is committed to supporting companies that share our vision, a more networked and accessible financial system. This investment in CityPay.io is an important ... (Symbolbild/KNAT)

tether - the issuer of the USDT stable - announced the expansion of his presence in Georgia by investing in a payment processing company called CityPay.io.

The step is considered an "important milestone" for the payment processing industry, from which customers benefit throughout Georgia and the GUS.

  • According to the official blog post, Tether wants to bring more efficiency and comfort to the payment industry in Georgia with the recent investment.
  • Paolo Ardoinino, Chief Technology Officer at Tether, commented on the development as follows:

"Tether is committed to the support of companies that share our vision to build a networked and accessible financial system. This investment in CityPay.io is an important step to achieve this goal."

  • Tether said that the investment in CityPay.io was the first step towards its expansion in the transcontinental country, which is supposedly one of the most crypto -friendly countries in the world.
  • In fact, the data cited by Tether show that almost 3 % of Georgians have any form of cryptocurrency.
  • also crypto money machines are easily accessible in most cities for users, there are a total of 130 ATMs across the country.
    • Meanwhile, Georgia was classified in a study carried out by Forex Suggest as the fourth largest cryptopover country in the world.
  • The latest development takes place one day after the stable coin issuer has announced that it will invest resources in energy generation and the start of sustainable Bitcoin mining farms in Uruguay.
  • Tether plans outlined at the beginning of this month to invest 15 % of his realized net business profit in Bitcoin, including regular BTC purchases and financing infrastructure.

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