The post Lyzi Raises $1.4M to Expand Tezos-Based Retail, E-Commerce Crypto Payments Service appeared on BitcoinEthereumNews.com.

Tezos-based crypto payment hub Lyzi said it raised 1.3 million euros ($1.4 million) in a seed funding round to expand the development of its platform. The round included participation from angels investors Christopher Grilhault des Fontaines, founder of Dfns, and Jean-Luc Bernard, founder of Astek, according to an emailed announcement shared with CoinDesk on Tuesday. Lyzi, which is built on the Tezos layer-1 blockchain, allows consumers to use cryptocurrency to make everyday payments in retail and e-commerce environments. Merchants collect payments in cryptocurrency and receive fiat directly to their bank accounts. Following the seed raise, Lyzi’s next step is launch on Tezos’ layer-2, Etherlink, which is compatible with Ethereum Virtual Machine (EVM), the operating system of the world’s second-largest blockchain. “Our goal is to make accepting payments in crypto so easy that merchants have to ask themselves, ‘Why wouldn’t I do that?’” CEO Damien Patureaux said in Tuesday’s announcement. Building on Etherlink represents the next phase of its journey to expand to more markets around the world, he said. Source: https://www.coindesk.com/business/2025/04/08/lyzi-raises-usd1-4m-to-expand-tezos-based-crypto-payments-service-for-retail

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Filed under: News - @ April 9, 2025 4:28 am