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Tether partners with the government of Zanzibar to promote the practical application of Blockchain technology.
Gate News bot message, July 1 news, Tether officially signed a memorandum of cooperation with the Zanzibar e-Government Authority (eGAZ). Both parties will promote digital asset education and Blockchain technology applications locally.
According to the agreement, Tether will integrate USDT and XAUT into the government payment platform Zanmalipo, while also launching blockchain technology training courses. Zanzibar has initiated a blockchain sandbox project to optimize cross-border payments and savings methods through digital assets, reducing reliance on traditional banks.
The CEO of Tether pointed out that this collaboration has transformed the local digital economy from informal exploration to structured development. Currently, the cryptocurrency market in Zanzibar is dominated by P2P trading.
Source: PANews