Tether Collaborates with Reku to Strengthen Crypto Literacy in Indonesia

On September 4, 2024, Tether joined forces with Reku, a cryptocurrency exchange platform, to enhance the understanding of crypto assets and blockchain technology among Indonesians.

Cryptocurrency exchange platform Reku has joined forces with Tether to enhance the understanding of crypto assets and blockchain technology among Indonesians.

The partnership will see the two companies roll out a comprehensive roadshow across ten major cities in Indonesia, promoting crypto literacy and educating the population on the benefits of blockchain technology, digital assets, and peer-to-peer systems through various activities.

Together, Tether and Reku aim to equip Indonesians with the knowledge they need to make well-informed decisions regarding digital assets.

Reku, founded in 2018, has established itself as a leading crypto asset exchange in Indonesia, enabling users to buy, sell, and invest in various crypto assets while offering regulated access to digital currencies.

In an evolving cryptocurrency landscape, Reku plays a significant role in helping Indonesians navigate the complexities of the market.

Indonesia’s increasing involvement in the crypto space is evident from recent data. Chainalysis reported that, in 2023, Indonesia ranked 7th out of 146 countries in cryptocurrency adoption.

This surge in activity was reflected in a substantial rise in crypto transactions, which amounted to 211 trillion Indonesian Rupiah (US$13 billion) in May of this year.

Furthermore, the number of registered crypto investors had skyrocketed, reaching 20.16 million by April 2023. These figures highlight Indonesia’s growing significance as a hub for cryptocurrency and digital finance.

Paolo Ardoino, Tether’s CEO, expressed enthusiasm for the collaboration, highlighting the shared goal of advancing crypto literacy in Indonesia.

“Both Reku and Tether aim to empower individuals by providing the necessary knowledge to make informed financial decisions in a rapidly changing digital landscape. We are thrilled to partner with Reku and combine our expertise to further educate the public on the benefits and applications of crypto assets and blockchain technology,” said Ardoino.

Echoing Ardoino’s sentiments, Jesse Choi, Reku’s co-CEO, voiced pride in the formalization of the collaboration with Tether.

“Reku is excited to work with Tether on this educational roadshow, which aims to reach thousands of participants across ten major cities in Indonesia. We hope to familiarize more Indonesians with crypto assets and blockchain technology through these educational initiatives.”

This partnership with Reku forms part of Tether’s broader strategy to drive crypto asset adoption in emerging markets, showcasing the transformative potential of digital finance.

Central to this vision is Tether EDU, a newly launched department dedicated to promoting crypto education. Through workshops, online courses, and partnerships with local organizations, Tether EDU aims to provide individuals and communities with practical knowledge about digital currencies and their potential uses.

Tether’s collaboration with Reku reflects its ongoing commitment to fostering financial literacy and driving the growth of the cryptocurrency ecosystem in Indonesia, an increasingly vital market for digital assets.

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