Tether teams up with Quidax on blockchain education in Africa

Global cryptocurrency firm and issuer of the stablecoin USDT, Tether, has partnered with African crypto exchange, Quidax. Both companies plan to drive blockchain education across countries in Africa. 

The details 

• In a press release shared with Mariblock, Quidax said that the initiative will kick off in Nigeria and Ghana first before expanding to other African countries. 
• The firms plan to empower more than 15,000 individuals and businesses with knowledge of the use of bitcoin and stablecoins. 
• In addition, Quidax and Tether will launch financial literacy campaigns and community engagement programs to help participants use digital assets effectively. 
• There is currently no announced date for the program’s commencement. 

Key quotes 

• Quidax’s CEO Buchi Okoro said that the exchange’s partnership with Tether will help it “bridge the knowledge gap” that exists in the aspect of cryptocurrencies’ use cases in Africa. 
• Paolo Ardoino, Tether’s CEO, said: 

“Africa is at the forefront of blockchain adoption, with Ghana and Nigeria among the most prominent emerging markets. Through this collaboration with Quidax, we aim to give individuals and businesses the knowledge to leverage digital assets consciously.” 

Zoom out 

• This development comes at a period in Africa’s crypto history where more global firms are collaborating with and granting local companies to facilitate crypto education and training programs for Africans. 
• Global crypto exchange Bybit recently partnered with African talent firm Alt School Africa to provide opportunities for Africans looking to upskill in tech. 
• It also launched a $100,000 scholarship for Alt School’s brightest students and kickstarted the Bybit Academy. 
• Just days earlier, cofounder of the Sui blockchain’s parent company Mysten Labs, Adeniyi Abiodun announced a $1.3 million fund to train blockchain software engineers in Nigeria.