Educate Ghanaian University Students on Bitcoin and Stablecoins

Tether, a leading company in the digital assets industry and Blockchain Foundation Africa are set to embark on an educational to Educate University Students on Bitcoin  acrosss everal universities in Ghana.

This collaboration is aimed at fostering digital currency education in the country and demystify the misinformation on cryptocurrencies.

Students in the Kwame Nkrumah University of Science and Technology, Kumasi Technical University, University of Cape Coast, University of Ghana, and the University of Professional Studies are expected to benefit from the insightful engagement.

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, have announced 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.

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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.

Founder and executive director of Blockchain Foundation Africa, Philip Agyei Asare emphasized the significance of the initiative stating “we are at the cusp of a global financial revolution, and Africa must not be left behind. Through this campus tour, we’re aiming to equip the next generation of Africans with knowledge and tools that can help them be a part of the blockchain ecosystem.

Understanding stablecoins like USDT is crucial for the development of digital entrepreneurship and economic inclusion across the continent.”

The educational campaign will encompass not only theoretical insights but also practical applications.

“Africa stands as one of the leading regions in the cryptocurrency landscape. Therefore, it is important to establish sustainable digital educational platforms across various levels to drive adoption. This collaboration with Blockchain Foundation Africa is instrumental in our ongoing efforts to empower emerging markets”, CEO of Tether, Paolo Ardoino mentioned.

He added “as the use of cryptocurrencies and stablecoins accelerates, educational initiatives such as the one spearheaded by Tether and Blockchain Foundation Africa are pivotal in ensuring that young people in Ghana are not just passive observers but can be confident participants in the shifting landscape of finance”.

The campus tour is expected to start in June, with the anticipation that it will create a ripple effect, inspiring students to explore the promising world of blockchain technology and cryptocurrencies.

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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.