Georgian vendors get crypto payments option with new partnership

Georgian merchants accept crypto payments through a partnership between Gate Pay and CityPay.io, connecting users to the benefits of crypto services.

Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has partnered with CityPay.io, a startup specializing in crypto payments in Georgia. The partnership will enable more than 600 merchants in Georgia to enjoy the benefits of crypto payment alternatives for their products and services.

According to the announcement, by partnering with CityPay.io, Gate Pay users can connect with numerous merchants across Georgia, facilitating a wide range of daily activities such as hotel bookings, supermarket shopping and restaurant payments. Notably, restaurant chain Wendy’s is one of the partners of CityPay.io, with customers now able to make payments using cryptocurrencies for their meals.

Gate Pay’s director, Feng Zhou, stated that the launch of Gate Pay aimed to connect users with businesses, products and applications that are friendly to cryptocurrencies to bridge the gap between Web3 and people’s daily lives. Hence, the Gate Pay team has collaborated with partners like CityPay to provide merchants with crypto payment services.

The collaboration between Gate Pay and CityPay.io offers a Web3 shopping experience to a broader audience of regional merchants and customers. Gate Pay’s user base and experience, combined with CityPay.io’s business network and coverage in Georgia, will facilitate this expansion.

Related: Gate.io pledges $100M to revive crypto and rebuild investor confidence

Gate.io isn’t new to making moves toward expanding its business coverage.

On February 22, the company announced its intention to seek a crypto license in Hong Kong, enabling it to introduce “Gate HK.“

Georgia has emerged as one of the world’s most crypto-friendly countries, with its regulations drawing crypto companies to set up regional branches. The Georgian government has ambitions to make the country a major global crypto hub.

Magazine: In Georgia, crypto is a crucial tool for refugees escaping the war