– Tether has signed a memorandum of understanding (MoU) with the government of Georgia to develop Bitcoin and peer-to-peer (P2P) infrastructure in the country.
– The collaboration aims to build key infrastructure for a thriving startup ecosystem in Georgia and attract international attention and investment.
– The partnership will focus on education on Bitcoin and blockchain technology, building payment infrastructure for merchants, and developing a resilient P2P communication system.
– The collaboration also aims to create and implement a strong, autonomous financial and communication system, encouraging the adoption of P2P technology-based digital payment and communication systems.
– Georgia will create a special fund for local startups to help develop blockchain technologies and position the country as an attractive ecosystem for tech startups.
– Tether’s collaboration with the Georgian government is part of a trend of crypto companies working closely with governments to advance the technology and promote positive regulation.
