The Mara Foundation has officially announced its partnership with Circle Internet Financial. Circle Internet Financial is the issuer of USD Coin (USDC) and Euro Coin (EUROC).
Circle Internet Financial is a global digital financial technology firm that is the issuer of USD Coin (USDC) and Euro Coin. The Mara Foundation is a non-profit organization that is dedicated to empowering youth, communities, marginalized populations, and problem solvers to build solutions that drive long-term positive social, economic, and environmental change in Africa.
The primary objective of the cooperation is to facilitate the provision of crucial opportunities, tools, and access essential for developing decentralized applications (DApps) and blockchain-based solutions in Africa. Through a strategic partnership that is the first of its kind, Circle and Mara hope to positively impact Africa’s growing population of one billion people over the next five years. Through this partnership, Circle and Mara want to make more people aware of USDC, push for more people to use blockchain technology, and train one million developers.
Read also: The Explosive Growth of Blockchain Funding and Cryptocurrency in Africa
Mara Foundation and Circle will engage African Web3 developers
As part of this partnership, the Mara Foundation and Circle will co-host a developer roadshow in Kenya and Nigeria in October. This event aims to engage with African web3 developers, introduce Circle to the local technology communities, raise awareness about the Mara Foundation and Circle partnership, and discuss what this means for the African continent’s Blockchain/Web 3 ecosystem. In addition, the Mara Foundation and Circle will collaborate to host joint developer masterclasses and workshops, establish campus ambassador programs, and carry out a number of other initiatives all around Africa.
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Sandra Persing, Vice President of Developer Relations and Ecosystem Marketing at Circle, stated that the company was highly impressed by the Mara Foundation’s “deep-rooted interest in empowering Africans’ dreams and creating more digital financial inclusion across Africa.” “In our conversations with Mara Foundation, we were highly impressed by their deep-rooted interest in creating more digital financial inclusion across Africa.” “We are proud to partner with Mara Foundation, a front-runner and key player in the digital finance ecosystem, and provide opportunities to developers in Africa that will enhance their technical skills and innovations using a trusted digital dollar like USDC,” the company said in a statement. “USDC is the trusted digital dollar.”
Chi Nnadi, co-founder and Chief Executive Officer of Mara, made the following statement while speaking about the partnership: “Africa is essential to us at Mara, and we are invested in leading a movement that redefines Africa’s digital banking ecosystem.”
Through our philanthropic foundation, we are dedicated to turning aspirations into realities and assisting people of African descent all around the world in gaining knowledge of blockchain technology and financial literacy. Our partnership with Circle strengthens this commitment, which lets us keep taking advantage of the many opportunities that blockchain technology and USDC offer to young people in Africa.
Mara Foundation provides tools for growth in Web3
The Mara Foundation gives African software engineers the tools they need to leap from Web 2.0 to Web3 while guaranteeing that no one falls behind. Several African developer teams participated in the recently concluded ‘Hack the Mara’ competition, which the Mara Foundation organized. As part of this competition, the teams used Circle’s technology to build technical breakthroughs and solutions focused on making financial services more inclusive, efficient, and scalable. The competition was won by the team that developed a solution that allowed a mobile phone to be used as a credit card.
When it comes to people’s understanding of and willingness to use Web3, we have arrived at a pivotal juncture in Africa. “There are also a billion individuals eager to learn more about financial resilience and opportunities to improve their futures,” said Kate Kallot, co-founder and Chief Impact Officer at Mara. “This is why we are super excited to partner with Circle as we share a developer-first mindset that will empower these developers to transform Africa’s social and economic future,” said Kallot. “While millions of developers are interested in building the future of Africa on blockchain technology, there are also a billion individuals eager to learn more about financial resilience and opportunities.”
Chi Nnadi, co-founder and CEO of Mara, and Kate Kallot, also a co-founder of Mara and the company’s Chief Impact Officer, will be at Circle’s ecosystem conference, Converge22, to talk about a variety of topics, such as the impact of blockchain infrastructure and the use of Web3.