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CityPay

CityPay

CityPay, founded in 2020, is a regulated crypto Over-The-Counter (OTC) service provider based in Georgia. It offers a crypto wallet and platform for individuals and businesses to store, buy, sell, and exchange virtual assets. The service facilitates the daily use of cryptocurrencies, allowing businesses to accept crypto payments and convert them into fiat currency, with a mission to promote financial freedom and expand the crypto ecosystem.
Tbilisi, GEO

Description

Founded in 2020, CityPay.io, operating as City Pay LLC, is a regulated virtual asset service provider (VASP) in Georgia. The company provides a comprehensive crypto ecosystem, including a non-custodial wallet and an Over-The-Counter (OTC) platform, enabling individuals and businesses to store, buy, sell, and exchange various cryptocurrencies like BTC, LTC, and USDT. CityPay also issues its own stablecoins pegged to GEL, USD, and EUR. A key feature for businesses is the ability to accept crypto payments, which can be converted into national currencies, via QR codes at POS terminals. Backed by an investment from Tether, CityPay is focused on expanding its services in Georgia, Eastern Europe, and Central Asia. The company emphasizes its commitment to legal compliance, including AML/CFT regulations and data protection, and clarifies that it does not provide investment advice.