Tether has announced it is partnering with Bitqik in Laos.
This partnership will aim to improve the local and national education provisions for Laotian citizens on topics that teach core blockchain technology fundamentals.
Tether’s announcement describes the aim of getting 10,000 individuals educated online on core concepts.
CEO of Tether Paolo Ardoino expressed:
This collaboration with Bitqik reflects our commitment to grassroots education and to empowering communities in Laos with the knowledge and tools to participate meaningfully in the digital economy.”
Laos residents use both the native cash currency, as well as US dollars.
However, locals do rely on quicker digital payment methods via QR-based transfers, such as LocaPay, a phenomenon that is more widely used in Asia vs. Western countries in general.
Over the last 20 years, Lao has also been gradually improving the HDI (Human Development Index) rank – currently 147 – based on factors to do with health, inequality and education.
Although minimum wage has been steadily growing (per Trading Economies), learning how stablecoins work and then how to preserve personal wealth or even be paid in stablecoins is key to progress on financial inclusion.
This partnership, if done correctly, can facilitate raising awareness on stablecoins.
