Tether partners with the Republic of Guinea to drive blockchain adoption
The parent company of the USDT stablecoin will primarily look to advance blockchain education in Guinea.
Tether, a blockchain firm and stablecoin issuer, has signed a memorandum of understanding (MOU) with the Republic of Guinea to support the country's digital transformation.
Through this partnership, Tether will help drive the adoption of blockchain technology in Guinea.
The details
- In a press release shared on its website, Tether said its main goal in the partnership is to lay down the groundwork for the Republic of Guinea’s blockchain initiative.
- The company will also look to collaborate with the country’s main technological research institute, the Cité des Sciences et de l’Innovation de Guinée on blockchain education.
- In addition, other blockchain educational programs are set to be rolled out across the country’s public and private sectors.
- According to Tether’s statement, it also intends to share ‘international knowledge and best practices’ on technological innovation with the country.
Key quotes
- Paolo Ardoino, Tether’s CEO, commenting on the partnership, said:
“Together, we aim to implement efficient blockchain solutions that benefit both public and private sectors, paving the way for economic growth and establishing Guinea as a leader in technological innovation.”
- M. Djiba Diakité, the chief of staff to the Republic of Guinea’s president, said:
“The signing of this MoU between the Republic of Guinea and Tether represents a major strategic step forward in our quest for an inclusive and sustainable digital transformation. We aim to open a new chapter in our technological development by integrating cutting-edge technologies such as blockchain and peer-to-peer solutions.”
Zoom out
- The Republic of Guinea is not the first African country to explore the adoption of blockchain technology on a country-wide scale.
- Last year, the vice president of Ghana at the time, Mahamudu Bawumia, said the country would look to become the first blockchain-powered government in Africa.
- However, details remain unclear, and little has emerged since then, especially with Bawumia’s government now replaced by a new administration.
- Mauritius, on the other hand, launched the nationwide blockchain-based eVerify service in 2023 to enhance the verification of government-issued certificates.
