Tether signs agreement with Georgia to develop Bitcoin and peer-to-peer infrastructure.

Tether has signed a Memorandum of Understanding (MOU) with the Government of Georgia, with the goal of positioning the country as a central hub for peer-to-peer (P2P) technology. The collaboration aims to support the growth of a thriving startup ecosystem and attract international attention and investment to Georgia. Paolo Ardoino, CTO of Tether, emphasized the company’s commitment to advancing global strategies and expanding offerings beyond stability. In a press release, he stated, “Tether aims to empower cities and facilitate the adoption of blockchain technologies such as bitcoin, as well as peer-to-peer technology solutions such as Keet and Holepunch.” The partnership will focus on creating a favorable environment for decentralized solutions and technology startups.

Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development, highlighted Tether’s interest in investing in Georgia, with plans to establish a special fund for local startups. The fund will support the development of blockchain technologies and help position Georgia as an attractive ecosystem for technological startups. Nadareishvili also emphasized the importance of cooperation in the education sector to further attract companies operating in this field.

The collaboration between Tether and the Government of Georgia will extend beyond startups and education. According to the press release, they will “also explore the development and implementation of a robust and independent communication and financial system.”

To strengthen the distributed technology ecosystem in the country, Tether and the Georgian government will closely collaborate with local academic institutions, including Business & Technology University (BTU), to develop educational programs and initiatives. These efforts aim to equip students and professionals with the necessary knowledge and skills for success in the Bitcoin industry.

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Overall, the partnership between Tether and the Government of Georgia seeks to foster innovation, promote Georgia as a global leader in Bitcoin and peer-to-peer technologies, and attract companies and professionals to the country. By creating a thriving environment for technology adoption and investment, Georgia aims to ignite a revolution of innovation and economic growth in this field.

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