Lyzi is traveling $ 1.4 million

Tezos-based Crypto Payment Hub Lyzi said it raised 1.3 million euros ($ 1.4 million) in a seed financing round to expand the development of its platform.

The round included participation from angelic investors Christopher Grilhault des Fontaines, founder of DFNS, and Jean-Luc Bernard, founder of Astek, according to an e-mail message shared with Coindesk on Tuesday.

Lyzi, built on Tezo’s Layer-1 blockchain, allows consumers to use cryptocurrency to make everyday payments in retail and e-commerce environments. Dealers collect payments in cryptocurrency and receive Fiat directly to their bank accounts.

After the seed increase, Lyzi’s next step is launch on Tezos’ Layer-2, EtherLink, which is compatible with Ethereum Virtual Machine (EVM), the operating system for the world’s second largest blockchain.

“Our goal is to make accepting payments in crypto so easily that merchants have to ask themselves,” why wouldn’t I do it? “” CEO Patureaux said in Tuesday’s announcement.

Building on EtherLink represents the next phase of his journey to expand to more markets around the world, he said.

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