Tether has recently inked a Memorandum of Understanding (MOU) with the Government of Georgia which will position Georgia as a central nucleus for blockchain and peer-to-peer technology.
Paolo Ardoino, the Chief Technology Officer of Tether, has expressed his excitement regarding the partnership with the Government of Georgia. He emphasized the common goal of creating a conducive environment for peer-to-peer technology to thrive. Ardoino commented.
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"This remarkable collaboration not only signifies a significant milestone for Tether but also bolsters its standing as a pioneering infrastructure partner for cities and nations worldwide. In an ever-evolving digital realm, Tether recognizes the vital importance of embracing change and expanding its offerings beyond stability. Armed with a profound comprehension of cryptocurrencies' potential, Tether seeks to empower cities and facilitate the widespread adoption of cutting-edge blockchain technologies like bitcoin, as well as innovative peer-to-peer solutions such as Keet and Holepunch."
Tether and the Government of Georgia have announced a partnership aimed at promoting a thriving startup ecosystem in Georgia. The initiative seeks to attract international attention and investment by showcasing the nation's favorable working conditions and quality of life. The ultimate goal is to stimulate the growth and success of innovative startups operating in the blockchain arena. Deputy Minister of Economy and Sustainable Development, Irakli Nadareishvili, has expressed Tether's keen interest in investing in Georgia and its plans to establish a special fund to support local startups in their pursuit of developing cutting-edge blockchain technologies. Tether and Georgia have partnered to develop a digital asset ecosystem.
Nadareishvili explained, "Furthermore, we have reached an agreement to collaborate in the educational sphere, particularly in the domain of blockchain technology. This collaboration will significantly contribute to the growth of local blockchain technologies within the country, as well as the influx of companies operating in this sector to Georgia."
The partners are planning to establish a dedicated fund that will provide investments and grants to startups focused on developing blockchain-based services. The objective of this initiative is to support domestic startups and foster international collaborations. This partnership between Tether and the Government of Georgia aims to explore the development and implementation of an independent communication and financial system by leveraging the inherent transparency and security of blockchain systems. The goal is to revolutionize public administration and the private sector, ensuring the delivery of effective and dependable services to citizens. Additionally, Tether and the Georgian government will work closely with local academic institutions, including the BTU, a technological university and research center in Georgia, to develop educational programs on blockchain technology, stablecoins, and peer-to-peer systems.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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