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Quidax Partners with Tether to Boost Crypto Education in Nigeria and Ghana

Quidax partners with Tether to boost crypto and blockchain education in Nigeria and Ghana, aiming to empower 15,000 individuals and businesses with essential digital asset knowledge.

Last updated

7 days ago

Quidax Partners with Tether to Boost Crypto Education in Nigeria and Ghana

Quidax partners with Tether to boost crypto and blockchain education in Africa for better inclusivity in the digital assets revolution.

Quidax, a leading cryptocurrency exchange in Africa, announced on its X account that it has come to a partnership deal with Tether, a leading force in stablecoin technology.

The partnership aims to bring crypto and blockchain knowledge closer to the people of Africa for smooth and efficient adoption. The kick-off will start in Nigeria and Ghana and gradually spread to other African countries.

The Nigerian-based crypto exchange added that the partnership seeks to empower 15,000 people and businesses with the knowledge to advance digital assets.

Buchi Okoro, the CEO of Quidax, emphasized that the rising adoption of digital assets necessitates this strategic partnership to ameliorate the continent’s deficiency of crypto and blockchain knowledge.

In addition, he said stablecoins like USDT will give Africans a reliable store of value that hedges price fluctuation and also provides hassle-free business transactions.

Commenting on the development, Tether CEO Paolo Arduino stated that his company is committed to empowering communities with the necessary tools for financial education.

He added that Africa’s enabling environment for blockchain technology pushed for the collaboration to call for more inclusivity in digital assets.

“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.”

Paolo said.

Africa Pushes for More Crypto and Blockchain Education on the Continent

Earlier in August 2024, Tether collaborated with the African Blockchain Institute to organize educational workshops in five universities across the Ivory Coast. 

The deal provided the students with an in-depth knowledge of cryptocurrency, blockchain technology, smart contracts, and decentralized finance (DeFi), including practical skills.

Additionally, Tether also signed an MoU with the Republic of Guinea to provide blockchain technology education.

Similarly, Coinwaft reported that Bybit launched a $100k scholarship fund in partnership with AltSchool Africa to equip Africans with in-demand tech skills for digital literacy and economic empowerment.

Africa Needs A Large Digital Workforce

To take full advantage of these booming opportunities, Africa might need more digital literacy and a skilled workforce to fully leverage it. 

In fact, in a 2021 research that constituted five African countries, the World Bank Group asserted that with the rapid changes witnessed in technology, a digitally skilled labour force would be highly in demand in no time, even in jobs that didn’t previously require digital skills.

The research concluded that:

“By 2030, some level of digital skills will be required by 50-55 percent of all jobs in Kenya, 35-45 percent of all jobs in Côte d’Ivoire, Nigeria, and Rwanda, and 20-25 percent of jobs in Mozambique.”

Disclaimer: Coinwaft is a crypto media platform providing cryptocurrency news, analysis, and trading information. The content of this article is for informational purposes only and should not be considered as financial, legal, or investment advice. Readers are advised once again to research or consult a financial expert before making any financial decision.

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Sulaimon Adewole

Sulaimon Adewole

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