Tether teams up with the Republic of Guinea to promote blockchain use
In a significant move towards digital transformation and economic growth, Tether has signed a Memorandum of Understanding (MoU) with the Republic of Guinea [1]. This collaboration aims to leverage blockchain technology to promote digital innovation and economic development in Guinea.
According to the MoU, Tether's role will be to lay the groundwork for Guinea's blockchain initiative, potentially applying the technology in finance and public administration [1]. M. Djiba Diakité, the chief of staff to the Republic of Guinea's president, commented on the partnership, stating, "This partnership with Tether is a significant step forward in our country's digital journey" [1].
Other educational programs are set to be rolled out across the public and private sectors in Guinea, furthering the nation's digital transformation efforts. Tether will collaborate with the Cité des Sciences et de l'Innovation de Guinée, the main technological research institute in Guinea, on these initiatives [1].
Meanwhile, Ghana, another African nation, has publicly announced its ambition to become a blockchain-powered government [1]. The vice president of Ghana, Mahamudu Bawumia, made this announcement last year, emphasizing modernization and technological adoption. However, specific partnerships with Tether, as reported in the current data, have not been directly mentioned [1].
Tether's broader strategy involves developing blockchain infrastructure suitable for governance and financial inclusion across African nations and beyond [1][2]. The company has been actively expanding its global stablecoin infrastructure through partnerships, such as with MetaComp, with the aim of enabling cross-chain, cross-border payments across regions including Africa [2].
In Guinea and Ghana, and potentially other African nations, the adoption of blockchain technology could revolutionize governmental functions, finance, and public administration, leading to increased efficiency, transparency, and economic growth.
[1] Source: Cointelegraph [2] Source: Tether Blog
Technology giant Tether is seeking to expand its blockchain influence in Africa, following its collaboration with the Republic of Guinea for digital innovation. The company has also voiced ambitions to work with Ghana, aiming to transform governmental functions, finance, and public administration across the continent, potentially increasing efficiency, transparency, and economic growth.
