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Tezos-Powered Lyzi Secures â¬1.3 Million, Brings Flexible Crypto-to-Fiat Payments to Retail
In a significant development for the cryptocurrency space, Lyzi has secured â¬1.3 million in seed funding, bringing its innovative solution for flexible crypto-to-fiat payments to retail one step closer to reality.
Lyzi’s platform enables merchants to seamlessly integrate cryptocurrencies into their existing payment infrastructure, allowing customers to purchase goods and services using digital currencies while the merchant receives fiat currency directly into their bank account. This approach eliminates the risk of volatility associated with cryptocurrency transactions.
The company has already made significant strides in its mission, having connected 400,000 points of sale through strategic integrations with payment providers and point-of-sale systems. Notable partnerships include luxury retailer Printemps, Fitness Park, St. Dupont, and LG Auto, among others.
In the near future, Lyzi plans to launch on the EVM-compatible Tezos layer-2 Etherlink blockchain by Q2 of 2025. This move is expected to further accelerate adoption and development of new platform features.
The company’s innovative approach has garnered attention from investors, who are recognizing the potential for widespread crypto-to-fiat payment adoption in the retail space. With this significant investment, Lyzi is poised to become a major player in the cryptocurrency landscape.
Lyzi’s vision aligns with the growing demand for seamless, low-risk transactions that bridge the gap between digital currencies and traditional fiat systems. The company’s ability to facilitate secure, instant conversions will undoubtedly open doors for mainstream adoption of cryptocurrencies.
By leveraging Tezos’ cutting-edge technology, Lyzi is set to revolutionize the way people shop and pay for goods and services, ultimately paving the way for a more decentralized financial future.
Source: https://u.today/tezos-powered-lyzi-secures-eu13-million-brings-flexible-crypto-to-fiat-payments-to-retail
