Kweku Zurek
Business News
Quidax, a leading cryptocurrency exchange in Africa, has announced a strategic collaboration with Tether, the world’s largest digital asset company, to enhance blockchain education across the continent. The initiative, which will begin in Nigeria and Ghana, seeks to equip individuals and businesses with knowledge about Bitcoin and stablecoins.
Through this partnership, Quidax and Tether aim to empower over 15,000 people with financial literacy, interactive workshops, and community engagement efforts designed to help them navigate the digital asset ecosystem effectively. The collaboration is expected to play a key role in demystifying cryptocurrency and promoting its adoption in everyday financial transactions.
“With rising interest in digital assets across Africa, stablecoins like USDT provide a reliable way for people to store value and conduct business transactions with ease,” said Buchi Okoro, CEO of Quidax. “Collaborating with Tether allows us to bridge the knowledge gap and drive broader education of cryptocurrency in a way that benefits everyday people.”
USDT, a stablecoin pegged to the US dollar, has become a vital tool for financial inclusion, offering stability amid currency fluctuations and facilitating seamless cross-border payments. As Africa continues to emerge as a key player in the global crypto economy, this collaboration aligns with the growing demand for digital financial education in the region.
Paolo Ardoino, CEO of Tether, highlighted the significance of the initiative, stating, “At Tether, we are committed to fostering financial education and empowering communities with the tools they need to navigate the digital economy. 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. By collaborating on financial education, we are laying a foundation for a more inclusive and accessible financial ecosystem.”
The partnership between Quidax and Tether reflects a broader effort to strengthen financial literacy and expand access to blockchain technology, positioning Africa as a major hub for cryptocurrency adoption. By equipping individuals with the necessary knowledge, the two companies hope to create a more inclusive and empowered financial ecosystem on the continent.