Gate Pay, the cryptocurrency payment service offered by the crypto exchange firm Gate.io, has formed an alliance with CityPay.io, a startup specializing in crypto payments located in Georgia. This 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.io and Gate Pay users will have the opportunity to connect with numerous merchants across Georgia, facilitating a wide range of daily activities such as hotel bookings, supermarket shopping and restaurant payments. Notably, Wendy’s, a restaurant chain, is one of the partners of CityPay.io, where customers can 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, with the goal of bridging the gap between Web3 and people’s daily lives. Hence, the Gate Pay team has collaborated with partners such as 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 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.
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Gate Group isn’t new to making moves in the direction of expanding 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 has emerged as one of the world’s most crypto-friendly countries, with its crypto regulations that have drawn crypto companies to set up branches in the region. The Georgian government has ambitions to make the country a major global crypto hub.
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