- Tether said it had signed a Memorandum of Understanding with the Republic of Guinea.
- MoU is on blockchain adoption and digital transformation as Guinea looks to become a global leader in blockchain and and peer-to-peer technologies.
Tether has announced the signing of a Memorandum of Understanding (MoU) that will see it collaborate with the government of the Republic of Guinea to promote blockchain adoption in the country.
According to Tether, the strategic collaboration will explore blockchain and peer-to-peer (P2P) technologies. Guinea’s government looks to tap into this partnership to enhance economic growth and drive digital transformation.
Tether’s MoU with government of Guinea
The MoU focuses on initiatives across education and innovation, as well as sustainable technology practices, Tether said in blog post.
However, the target also includes enhancing adoption of blockchain technologies, with collaboration also potentially involving joint efforts on Guinea’s City of Science and Innovation.
With these programs and support in place, Tether’s aim will be to accelerate the country’s adoption of blockchain and to position it as a hub of crypto, research and entrepreneurship.
Tether CEO Paolo Ardoino said:
“We are thrilled to collaborate with the Republic of Guinea to possibly unlock the immense potential of blockchain and digital technologies across Africa. This MoU reflects our commitment to helping countries build resilient digital economies. 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.”
Tether’s growth in recent years has included establishment of key partnerships and support programs with governments and institutions around the world. These include Plan ₿ Forum in Lugano, Switzerland, a crypto education program in Türkiye and P2P telecommunication infrastructure initiative in Uzbekistan.
USDT issuer Tether has also launched education courses and programs in Indonesia, Vietnam and Ivory Coast among other countries.
Its partnership with the Guinea government comes amid growing adoption of crypto in Africa. Guinea wants to tap into this trend for its digital transformation.
The MoU “lays the foundations for a solid technical framework,” added Pr Abdoulaye Baniré Diallo, project coordinator of Guinea’s City of Science and Innovation.