Tether – the issuer of stablecoin USDT – announced expanding its presence in Georgia with an investment in a payment processing company called, CityPay.io.
The move is deemed as an “important milestone” for the payment processing industry benefiting customers across Georgia and CIS.
- According to the official blog post, Tether aims to bring greater efficiency and convenience to the payment industry in Georgia with the latest investment.
- Commenting on the development, Paolo Ardoino, Chief Technology Officer at Tether, said,
„Тетхер је посвећен подршци компанијама које деле нашу визију изградње повезанијег и приступачнијег финансијског система. Ова инвестиција у ЦитиПаи.ио је важан корак ка постизању тог циља.”
- Tether said the investment in CityPay.io is the first step towards its expansion in the transcontinental country, which is reportedly one of the most crypto-friendly countries in the world.
- In fact, data cited by the Tether revealed that nearly 3% of Georgians own some form of cryptocurrency.
- Crypto ATMs are also easily accessible to users in most cities, with a total of 130 ATMs located across the country.
- Meanwhile, a study conducted by Forex Suggest ranked Georgia as the fourth most crypto-ready nation in the world.
- The latest development comes a day after the stablecoin issuer announced investing resources into energy production and the launch of sustainable Bitcoin mining operations in Uruguay.
- Earlier this month, Tether outlined plans to allocate 15% of its net realized operating profits in Bitcoin, including regular purchases of BTC and funding infrastructure.
Бинанце бесплатно $100 (ексклузивно): Користите ову везу да бисте се регистровали и добили $100 бесплатних и 10% попуста на Бинанце Футурес првог месеца (услови).
ПримеКСБТ Специјална понуда: Користите ову везу да се региструјете и унесете ЦРИПТОПОТАТО50 код да бисте примили до 7,000 долара на своје депозите.
Source: https://cryptopotato.com/tether-expands-presence-in-georgia-with-investment-in-payment-processing-company/