Georgian Merchants Can Now Accept Crypto Payments Via Gate Pay and CityPay.io Partnership
A partnership between Gate Pay and CityPay.io is enabling Georgian merchants to accept crypto payments, making it easier for users to enjoy the benefits of cryptocurrency services. Gate Pay is a cryptocurrency payment service offered by crypto exchange firm Gate.io, and CityPay.io is a startup specializing in crypto payments based in Georgia. This alliance means that over 600 merchants in Georgia can now take advantage of cryptocurrency payment alternatives for their products and services.
The partnership will connect Gate.io and Gate Pay users with various merchants across Georgia, facilitating daily activities such as hotel bookings, supermarket shopping, and restaurant payments. Customers can even make payments for meals at Wendy’s, one of CityPay.io’s partners, using cryptocurrencies.
Feng Zhou, the director of Gate Pay, explained that the goal of launching Gate Pay was to connect users with businesses, products, and applications friendly to cryptocurrencies. The team behind Gate Pay has collaborated with partners like CityPay to provide merchants with crypto payment services.
The collaboration between Gate Pay and CityPay.io will offer a Web3 shopping experience to a broader audience of merchants and customers in the region. Gate Pay’s user base and user experience, combined with CityPay.io’s business network and coverage in Georgia, will facilitate this expansion.
Gate Group has been making moves to expand its business coverage. On February 22, the company announced its intention to seek a crypto license in Hong Kong, which would enable it to introduce “Gate HK.”
Georgia is emerging as one of the world’s most crypto-friendly countries, thanks to its crypto regulations, which have attracted crypto companies to set up branches in the region. The Georgian government also aims to make the country a major global crypto hub.
Conclusion
The partnership between Gate Pay and CityPay.io is a significant development that will benefit both merchants and customers in Georgia. It will make it easier for businesses to accept crypto payments, and for users to take advantage of the benefits of cryptocurrency services. This collaboration is another example of the growing trend towards mainstream adoption of cryptocurrencies around the world.
Key Takeaways
- Gate Pay has formed an alliance with CityPay.io, a startup specializing in crypto payments located in Georgia.
- This partnership will enable over 600 merchants in Georgia to accept crypto payments for their products and services.
- Gate Pay and Gate.io users will have access to numerous merchants across Georgia, including Wendy’s, a restaurant chain.
- The collaboration between Gate Pay and CityPay.io will offer a Web3 shopping experience to a wider audience of merchants and customers in the region.
- Georgia’s crypto regulations have made it one of the most crypto-friendly countries, attracting crypto companies to set up branches in the region.
Ecosystem
Research
News Network
About