Startup CityPay.io is the First Receive $ 500,000 Investment in cryptocurrency
Recently, the first precedent was set in Georgia - a Georgian startup received an investment in cryptocurrency. The startup itself creates the first and unique platform in the region and makes it possible for any type of business to receive crypto payments.
CityPay.io opened the investment round two months ago, after negotiating with several Georgian and foreign investors, finally reached an agreement and Angel's investment received the equivalent of $ 500,000 in cryptocurrency.
CityPay.io's future plans include exploring the international market, specifically the CIS countries, which was the main goal of making the investment. As the founders Beka Kemertelidze and Eralf Hatipoglu say, part of the money will be spent on product development, while a large part will be spent on marketing and sales to quickly increase the number of partners and accelerate the process of mastering crypto payments globally.
Recently, the public interest in cryptocurrency has been growing quite rapidly, as has the number of cryptocurrency owners, which has created a high demand for cryptocurrency payment options. Low fees, secure and anonymous transactions, transaction speed and high limits are the main benefits that make crypto owners prefer to trade in digital currency. Also interesting is the fact that the average volume of crypto payment transactions for online (e-commerce) payments is about twice as high as for card payments.