So here’s a headline you didn’t see coming: Tether, the crypto stablecoin giant, has gone and signed a deal with Guinea—yes, *that* Guinea—in a bid to sprinkle some blockchain magic across this West African country. The goal? To introduce cutting-edge tech like blockchain and peer-to-peer systems to a nation that may be more famous for its natural resources than its tech startups. Fancy that!
In a blog post dated February 17, Tether enthusiastically shared the news that they’ve inked a memorandum of understanding (MOU) with Guinea. The partnership is all about “establishing the groundwork” for blockchain adoption and fostering an environment where innovation can thrive. Translation: Guinea gets some shiny new digital toys to play with, and Tether gets some global tech cred. Everybody wins, right?
But wait, there’s more! The agreement’s primary focus is on education, innovation, and, believe it or not, sustainability. Tether wants to show Guinea the ropes on best practices for implementing blockchain technology. So, it’s not just about creating a few cool apps—it’s about educating the country’s public and private sectors on how to play nice with this newfangled technology. Because what’s better than a country-wide blockchain awareness program? Probably a new car, but this is a close second.
In case you’re not familiar with Tether, it’s the king of stablecoins, ruling over the crypto landscape with its USDT. It’s not the first time Tether has made a splash in exotic locales either. Last March, they made a similar move with Uzbekistan. Maybe Tether’s motto should be: “Spreading blockchain across the globe, one underdog nation at a time!”
And it doesn’t stop at just a handshake. The MOU suggests some serious commitment to building local expertise in blockchain, thanks to educational programs that’ll pop up across Guinea’s public and private sectors. The aim is to help locals gain the digital skills they’ll need to thrive in an increasingly tech-centric world. Because, clearly, nothing says “digital revolution” like training sessions on crypto for civil servants. (You’ll forgive me for the sarcasm.)
According to Paolo Ardoino, Tether’s CEO, this partnership will hopefully pave the way for efficient blockchain solutions that’ll help both the public and private sectors. In short, Guinea’s road to tech glory is being paved with Tether’s vision of economic growth. Who knew a stablecoin could do so much for a country’s future? 🙄
Meanwhile, Djiba Diakité, Guinea’s chief of staff (who works for the interim president Mamady Doumbouya, the military general who took power after a 2021 coup—because, of course), chimed in with the grand vision: “We want to arm our youth with the tools they need to face global challenges and seize opportunities in the digital realm.” Well, at least they’re optimistic.
Oh, and by the way, Tether is also backing Guinea’s ambitious “Innovation City” project. This futuristic metropolis is meant to be a haven for tech research and development. Move over Silicon Valley, there’s a new kid in town. (Actually, it’s probably a few decades away from being the new Silicon Valley, but let’s keep the dream alive.)
If you’ve been paying attention to global crypto trends, you’ll know that many emerging nations, particularly in Africa, are jumping on the blockchain bandwagon. A December survey by Consensys found that 84% of Nigerians own a crypto wallet, and 66% of South Africans are also on the crypto train. Compare that to just 43% in the U.S., and you can’t help but think that maybe the future of finance is getting a bit more global than we originally thought. 🙃
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2025-02-18 08:37