Lyzi Raises $1.4M to Expand Tezos-Based Crypto Payments Service for Retail

2 months ago

Tezos-based crypto outgo hub Lyzi said it raised 1.3 cardinal euros ($1.4 million) successful a effect backing circular to grow the improvement of its platform.

The circular included information from angels investors Christopher Grilhault des Fontaines, laminitis of Dfns, and Jean-Luc Bernard, laminitis of Astek, according to an emailed announcement shared with CoinDesk connected Tuesday.

Lyzi, which is built connected the Tezos layer-1 blockchain, allows consumers to usage cryptocurrency to marque mundane payments successful retail and e-commerce environments. Merchants cod payments successful cryptocurrency and person fiat straight to their slope accounts.

Following the effect raise, Lyzi's adjacent measurement is motorboat connected Tezos' layer-2, Etherlink, which is compatible with Ethereum Virtual Machine (EVM), the operating strategy of the world's second-largest blockchain.

“Our extremity is to marque accepting payments successful crypto truthful casual that merchants person to inquire themselves, 'Why wouldn’t I bash that?'" CEO Damien Patureaux said successful Tuesday's announcement.

Building connected Etherlink represents the adjacent signifier of its travel to grow to much markets astir the world, helium said.

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