The post Amidst speculations of the possible Tether exile from the US, the company’s CEO hints at a high-scale project in Africa appeared on BitcoinEthereumNews.com.

In two X posts published on March 2 and March 3, respectively, Tether CEO Paolo Ardonio shared his plan for solving the electricity hunger in Africa. What’s his plan, and why does Africa have a special meaning for Tether?  Ardonio’s announcement On March 2, 2025, Ardonio took to X to tell about his vision of how to tackle the power crisis in Africa. He stated that 600 million Africans don’t have access to electricity and shared his vision of a possible solution. Ardonio suggested that there is a “plan underway.” He believes a network of kiosks with high-performance batteries and eco-friendly solar panels attached to the top can be a remedy. People will be required to buy a monthly subscription to recharge the batteries using these kiosks. They will be able to pay for it in local currency, Bitcoin, or USDT. Kiosks will provide electricity for the local community. Up to 2023, 600 million people in Africa lacked access to electricity. Imagine a kiosk in Africa, with solar panels on top to recharge hundreds of high performance batteries, offering monthly subscription to the local community (payable in local currency, Bitcoin LN or USDt).… — Paolo Ardoino 🤖 (@paoloardoino) March 2, 2025 The network is going to be deployed in at least two phases, with ten thousand charger locations built in the first stage. In the second stage, the number of locations will be brought to 100k. On top of providing the residents with electric power, the kiosks will provide high-quality educational materials and courses on Bitcoin and saving in Tether. More than that, Ardonio mentions “the biggest distribution network for any goods and services.” On March 3, Tether CEO added that the described plan “is not an [sic!] hypothetical,” and “few hundred kiosks are up and running.” In the comment…

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Filed under: News - @ March 5, 2025 7:22 am