Tether Operations Limited, a leading company in the digital asset industry, and BTguru, a prominent technology and strategy company specializing in virtual and crypto assets, have signed a Memorandum of Understanding (MoU) to promote digital asset education in Turkey. The collaboration aims to increase awareness and understanding of blockchain and P2P technologies among private and public stakeholders in the region.
A broader vision for Tether EDU
The MoU is part of Tether’s broader Tether EDU initiative, which aims to make education more accessible globally. By supporting education programs in emerging markets, Tether aims to prepare individuals for the digital age and provide lifelong learning opportunities beyond traditional education models.
Key objectives of the Memorandum of Understanding (MoU)
The agreement with BTguru focuses on developing a comprehensive program to introduce the benefits of blockchain technology to stakeholders. It also aims to leverage BTguru’s connections to facilitate discussions with financial institutions in Turkey. The partnership will also explore real-world asset tokenization use cases for banks and evaluate regional payment network scenarios using BTguru Core.
Strategic Relationships and Regional Influence
Tether’s commitment to education is evident in its ongoing discussions with regulated digital asset infrastructure platforms in the MENA region. This partnership solidifies Tether’s mission to strengthen digital asset education in Turkey and the Middle East, forming strategic relationships that achieve its educational goals.
According to the U.S. Department of Commerce’s Bureau of International Trade, Turkey ranks as the fourth largest country in terms of cryptocurrency trading volume. According to Chainalysis, Turkey received approximately $170 billion in cryptocurrency transactions last year, reflecting significant adoption driven by the need to counter currency devaluation.
Statement from Tether and BTguru Leaders
Paolo Ardoino, Tether CEO, said: “Tether and BTguru believe in the transformative power of digital assets and P2P technology. This MoU has the potential to provide a solid foundation for responsible and informed use of digital assets. We are excited to join the movement to promote freedom and educate people across Turkey.”
Can Bükülmez, Partner at BTguru, said: “BTguru is delighted to be in discussions with an industry giant like Tether. We look forward to building new business lines with Tether and evaluating its scale in the banking vertical and emerging digital asset businesses in Turkey.”
Potential impacts
This Memorandum of Understanding (MoU) could be a significant milestone in advancing digital asset education in Turkey, thereby providing a more inclusive and resilient financial environment for businesses and individuals across Turkey.
About Tether Edu
Tether Edu is a global education initiative dedicated to promoting self-development and self-realization while promoting accessibility to digital skills development. Tether Edu, Tether’s education division, is responsible for coordinating the various global education programs supported by Tether. The platform provides an innovative educational environment that identifies and implements the latest trends and expertise in specific digital industries.
For more information, please visit the official source here.
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