Encryption payment company CityPay has completed a seed round financing of over 2 million euros, with participation from Tether and others.

Odaily News - Encryption payment company CityPay has completed a seed round financing of over 2 million euros, including 500,000 US dollars of cryptocurrency investment. Tether, Presto Ventures, and other angel investors participated in the funding. The new financing will be used for market expansion and the development of the B2C platform.

CityPay, founded by Eralp Hatipoglu (CEO) and Beka Kemertelidze, is committed to helping corporate customers receive cryptocurrency payments through four methods: integrated online payments, POS terminals, email bills, and personal initial deposits, and converting them into fiat currency. (Tech.eu)