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**Tezos-Powered Lyzi Secures €1.3 million, Brings Flexible Crypto-to-Fiat Payments to Retail**
In a significant move that could revolutionize the cryptocurrency landscape, Tezos-powered payment solution Lyzi has secured a staggering €1.3 million in seed funding. This substantial investment will enable Lyzi to further expand its innovative retail payment platform, which seamlessly connects merchants and consumers through a seamless crypto-to-fiat payment experience.
The game-changing technology empowers merchants to accept cryptocurrency payments without the risk of volatility, as they can instantly convert digital currencies into fiat directly into their bank accounts. Meanwhile, customers are free to make transactions in their preferred cryptocurrency, enjoying the benefits of decentralized finance (DeFi) and secure transactions.
Lyzi has already achieved an impressive milestone by connecting 400,000 points of sale worldwide through strategic integrations with payment providers and point-of-sale systems. Notable merchant partnerships have been established with luxury retailers such as Printemps, Fitness Park, St. Dupont, and LG Auto, among others.
The company’s future plans include launching on the EVM-compatible Tezos layer-2 Etherlink blockchain by Q2 2025. This move is expected to fuel further growth and adoption of Lyzi’s solution, driven by the increasing momentum behind Tezos in the financial sector.
Lyzi’s innovative approach has earned it significant attention and investment, demonstrating a critical need for flexible payment solutions that address the risk associated with cryptocurrency volatility. By providing a stable platform, Lyzi is poised to play a pivotal role in mainstreaming crypto payments and expanding access to DeFi.
In conclusion, Lyzi’s remarkable achievement underscores the company’s commitment to pioneering a more accessible and secure financial ecosystem.
Source: https://u.today/tezos-powered-lyzi-secures-eu13-million-brings-flexible-crypto-to-fiat-payments-to-retail
