James Ding
Aug 05, 2024 12:18
Tether and Xion Global have announced a strategic partnership to enhance blockchain education in South Africa, aiming to improve digital transaction capabilities.
Tether Operations Limited, the largest entity in the digital asset industry, and Xion Global, a Multi-Chain Web3 Crypto Payments Infrastructure provider, have unveiled a strategic partnership to promote blockchain education across South Africa. This initiative is designed to deliver comprehensive educational content and engaging activities on blockchain technology and its applications, according to Tether.io.
Enhancing Digital Transactions
The collaboration aims to enhance digital transaction capabilities in South Africa through Xion Global’s innovative solutions. By integrating with the Scan to Pay application, part of South Africa’s largest QR ecosystem, Xion Global aligns with Tether’s goal of facilitating accessible digital transactions. This partnership is set to transform how South Africans interact with digital currencies by leveraging blockchain technology for educational opportunities and advanced financial services.
Moreover, the integration of USD₮ on the Polygon Labs network will enable users to connect MetaMask wallets and utilize Xion Global’s Web3 payment APIs for real-time transactions, making crypto payments as seamless as traditional fiat transactions.
Comprehensive Digital Education Campaign
Tether and Xion Global will launch an extensive digital education campaign across South Africa. This campaign will feature educational videos, case studies, live talks with industry leaders, and accessible materials on cryptocurrency payments. The initiative aims to demonstrate the economic benefits of stablecoin payments and foster trust in digital financial solutions.
This effort is part of a broader initiative to create a world where education is limitless and accessible to everyone, regardless of location. Tether has previously supported various educational initiatives in Africa, such as sponsoring the Africa Tech Summit, the African Bitcoin Conference in Ghana, and collaborating with CBC during the Bitcoin Pizza Day. Additionally, Tether has partnered with Bitnob to educate university students across Ghana on Bitcoin and stablecoins.
Statements from Key Executives
“We’re excited about this alliance with Xion Global, which represents a significant step in our commitment to global digital education and the informed use of cryptocurrencies,” said Paolo Ardoino, CEO of Tether. “This collaboration will open new possibilities for financial inclusion and economic empowerment in South Africa.”
Aeryn Quarmby, COO of Xion Global, added, “We look forward to working with Tether to enhance the understanding of stablecoin payments and make digital transactions as intuitive and reliable as traditional methods.”
Conclusion
With a market cap exceeding $114 billion, Tether is the most widely used stablecoin, supporting diverse use cases globally. This collaboration with Xion Global highlights Tether’s commitment to advancing digital education, particularly in emerging markets like South Africa, which is a leader in crypto regulation on the continent.
Image source: Shutterstock
