August 5, 2024 – Tether Operations Limited, the largest company in the digital asset industry, and Xion Global, a Multi-Chain Web3 Crypto Payments Infrastructure provider, have announced a strategic alliance to advance blockchain education in South Africa. This initiative aims to deliver educational content and interactive activities on blockchain technology and its key use cases, positioning Tether as a key contributor to digital education in developing regions.
This collaboration aims to improve digital transaction capabilities in South Africa through Xion Global’s innovative solutions. By integrating with the Scan to Pay application, which is part of South Africa’s largest QR ecosystem, Xion Global will align with Tether’s goal of facilitating accessible digital transactions. This partnership will also transform South Africans’ interactions with digital currencies, leverage educational opportunities in blockchain technology and offer cutting-edge financial services. Additionally, the integration of USD₮ on the Polygon Labs network will allow users to connect MetaMask wallets and use Xion Global’s Web3 payment APIs for real-time transactions, making crypto payments as seamless as traditional fiat transactions.
Xion Global and Tether will launch a comprehensive digital education campaign across South Africa, including educational videos, case studies, live conversations with industry leaders and accessible materials on cryptocurrency payments. This initiative aims to demonstrate the economic benefits of stablecoin payments and build trust in digital financial solutions.
This is part of a broader initiative aimed at creating a world where education is borderless and accessible to all, regardless of location, by supporting initiatives that break down barriers to education, as evidenced by Tether’s recent collaborations in Africa, such as sponsoring the Africa Tech Summit, the African Bitcoin Conference in Ghana, partnering with CBC on Bitcoin Pizza Day and with Bitnob to train students at universities in Ghana.
“We are excited about this alliance with Xion Global, which marks an important step in our commitment to global digital education and the informed use of cryptocurrencies,” said Paolo Ardoino, CEO of Tether. “This partnership will open new opportunities for financial inclusion and economic empowerment in South Africa.”
Aeryn Quarmby, COO of Xion Globaladded: “We look forward to working with Tether to advance the understanding of stablecoin payments and make digital transactions as intuitive and reliable as traditional methods.”
With a market capitalization of over $114 billion, Tether is the most widely used stablecoin, supporting diverse use cases worldwide. This partnership with Xion Global highlights Tether’s commitment to advancing digital education, especially in emerging markets such as South Africa. The country is a leader in crypto regulation in Africa.