9 May 2024   – Tether Operations Limited, the largest company in the digital asset industry, and Bitnob, a financial technology company that enables payments into mobile money wallets and bank accounts, are announcing a strategic collaboration aimed at promoting financial education on Bitcoin and Stablecoins in Africa.  

The collaboration will feature a series of educational events hosted by Bitnob at various universities across Ghana. These events will provide students with a comprehensive understanding of Bitcoin and Stablecoins and their potential applications. The first event is scheduled at the University of Health and Allied Sciences in Hohoe on May 11th, 2024. Subsequent events will be held at the University of Ghana in Accra on May 15th, 2024, and finally at the University of Cape Coast on May 18th, 2024.

As part of this collaboration, Bitnob will launch a 25-person Ambassador program where individuals will receive comprehensive education on Blockchain, Bitcoin, and Stablecoins, crucial in disseminating this knowledge within their communities. Ghana stands out as one of the success stories in Africa’s cryptocurrency narrative. According to a report by Chainalysis, Ghana ranked 29th globally in terms of cryptocurrency adoption. Over 700,000 Ghanaians currently own some form of cryptocurrency.

“We are thrilled to collaborate with Bitnob to bring financial education to Ghana. This collaboration will provide crypto enthusiasts and students with valuable insights into Blockchain, Bitcoin, and Stablecoins and empower them to become active participants in the digital economy, especially with the Ambassador program, which would help bridge the knowledge gap in the region,” said Paolo Ardoino, CEO of Tether.

This collaboration is a testament to Tether’s ongoing commitment to advancing digital education globally, with a specific focus on emerging markets. Tether has been actively involved in recent initiatives in Africa, including sponsoring the Africa Tech Summit and The African Bitcoin Conference in Ghana. These initiatives have provided a platform for knowledge sharing and networking, further solidifying Tether’s position as a global leader in digital education. 

Cryptocurrency is particularly beneficial in Africa as it offers an alternative banking solution for the unbanked population. The ability to hedge against inflation alongside seamless remittance processing addresses one of the significant challenges individuals in the region face. With Ghana’s growing adoption of cryptocurrencies and Tether’s commitment to advancing digital education globally, this collaboration underscores the importance of empowering individuals to participate in the digital economy and experience financial inclusion.