As crypto adoption in African increases, being the third-fastest growing crypto global market, the possibilities of illicit funds flowing through the crypto framework has also been noticed considerably. In a recent operation, INTERPOL uncovered $260 million in fraudulent crypto and fiat transactions accross the continent.
Tether has announced a partnership with the United Nations Office on Drugs and Crime (UNODC) to address the rising threat of cybercrime and digital fraud in Africa. The initiative focuses on cybersecurity education and public awareness, with a specific emphasis on youth programs in Senegal and support for victims of human trafficking in multiple African countries
source.
Tether has started claiming dominance of African markets by joining the fight against exposure to crypto crimes in Africa through creating awareness and funding civil organizations to tackle human trafficking issues and offer protection to victims.
We all know the broader picture which is increased partnerships between Tether and African countries and Tether staging itself as the best choice for stable coin adoption and integration in everyday activities for countries all over the African continent with reference to transparency and good regulatory practices, sounds like a good marketing plan by Tether on African soil.
What do you think?
So they've partnered with a government agency to share some education information so they can give themselves some positive marketing? Any help in the fight against fraudsters and scammers should be welcomed, but it's just a feel good news story without much substance. They could have made a $100 donation to some charitable foundation or run one conference in order to be able to make these grand claims, because there doesn't seem to be much detail within the article. It is more likely to benefit them and might allow them to increase credibility, meaning they could promote this work with any governments that they might partner with in future, but it seems to be missing much substance.
