Quidax, a regulated Nigerian cryptocurrency exchange, has announced a strategic partnership with Tether, the largest company in the digital asset industry. This collaboration is set to drive blockchain education across Africa, equipping individuals and businesses with essential knowledge about Bitcoin and stablecoins, starting with Nigeria and Ghana.
REGULATION | Nigerian Crypto Exchange, Quidax, Receives Provisional Operating License from SEC Nigeria
With the license granted by the Nigerian SEC, Quidax is now able to collaborate with banks and other financial institutions, subject to the Central Bank of Nigeria’s… pic.twitter.com/4gPpLyJi4z
— BitKE (@BitcoinKE) August 29, 2024
Through this initiative, Quidax and Tether aim to empower over 15,000 people with the skills needed to navigate the digital asset ecosystem effectively. The partnership will feature:
- Financial literacy campaigns
- Thought leadership initiatives
- Interactive workshops, and
- Community engagement efforts
all designed to foster a deeper understanding of digital assets.
“With the growing interest in digital assets across Africa, stablecoins like USDT provide a secure and efficient means for individuals to store value and conduct transactions,” said Buchi Okoro, CEO of Quidax.
“Our collaboration with Tether enables us to bridge the knowledge gap and expand cryptocurrency education, ensuring that everyday users can benefit from these financial innovations.”
As a dollar-pegged stablecoin, USDT plays a critical role in financial inclusion by offering stability amid currency volatility and facilitating seamless cross-border payments. With Africa emerging as a key player in the global cryptocurrency economy, this initiative aligns with the region’s increasing demand for digital financial education.
“At Tether, we are committed to promoting financial literacy and empowering communities with the knowledge needed to thrive in the digital economy,” said Paolo Ardoino, CEO of Tether.
“Africa is at the forefront of blockchain adoption, with Ghana and Nigeria leading as emerging markets. By partnering with Quidax, we aim to equip individuals and businesses with the tools to leverage digital assets responsibly.
Through financial education, we are laying the groundwork for a more inclusive and accessible financial ecosystem.”
STABLECOINS | Majority of New $USDT Users Are Coming from Emerging Markets, Including African Cities, Says a Bloomberg Analysis
According to Ardoino, Tether has just over 300 million users globally.https://t.co/DQz6v1xCHi @Tether_to @paoloardoino pic.twitter.com/jXthoNYyGt
— BitKE (@BitcoinKE) November 6, 2024
Together, Quidax and Tether are working toward a future where financial literacy and digital asset accessibility drive economic empowerment across Africa.
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About Quidax
Quidax is an African-founded cryptocurrency exchange that enables users to buy, sell, store, and transfer cryptocurrencies with ease.
The platform also supports OTC trading and provides fintech companies with API tools to integrate cryptocurrency services seamlessly.
Launched in 2018, Quidax now serves customers in over 70 countries with over 1 million users, positioning itself as a key player in the digital asset space.
