Lyzi Expands Crypto Payments Service with $1.4M Funding Round, Aiming to Boost Mainstream Adoption of Tezos-Based Crypto Payment Solutions for Retail.
A new round of funding has been secured by Lyzi, a Tezos-based crypto payment hub, to further develop its platform for retail use. The company raised $1.42 million in seed funding, which will be used to enhance the user experience and expand its reach.
From Seed to Scale: Lyzi’s Growth Plans
Lyzi’s platform allows consumers to make everyday payments using cryptocurrency, while merchants collect payments in cryptocurrency and receive fiat directly to their bank accounts. The company’s goal is to make accepting crypto payments easy for merchants, encouraging them to adopt the technology. With the new funding, Lyzi plans to launch its platform on Tezos’ layer-2 Etherlink, which is compatible with Ethereum Virtual Machine (EVM).
Crypto payment solutions enable secure and fast transactions using cryptocurrencies.
These solutions utilize blockchain technology to facilitate peer-to-peer payments, eliminating the need for intermediaries.
Key features include decentralized processing, transparency, and low transaction fees.
Major players in the market include Coinbase, BitPay, and Stripe.
According to a report by Grand View Research, the global crypto payment market is expected to reach $4.9 billion by 2025.
A New Phase of Expansion
Following the seed raise, Lyzi’s next step is to expand its services to more markets around the world. The company aims to build a seamless and user-friendly experience for both merchants and consumers. By partnering with experienced investors such as Christopher Grilhault des Fontaines and Jean-Luc Bernard, Lyzi has demonstrated its commitment to growth and innovation.
A Step Towards Mainstream Adoption
Lyzi’s expansion plans represent an important step towards mainstream adoption of crypto payments. As the world becomes increasingly digital, the need for convenient and secure payment options is growing. With its Tezos-based platform and Etherlink compatibility, Lyzi is well-positioned to capitalize on this trend and become a leading player in the crypto payments market.
The crypto payments market has experienced significant growth in recent years, driven by the increasing adoption of digital currencies and blockchain technology.
According to a report, the global crypto payment market is projected to reach $4.88 billion by 2028, growing at a CAGR of 12.1%.
The market is being driven by the development of new payment solutions, such as stablecoins and decentralized finance (DeFi) platforms.
Major companies like Visa and Mastercard are also exploring the use of cryptocurrencies for cross-border payments.
