The Hashgraph Association and Orange have partnered to promote digital assets and blockchain adoption in Morocco.
Hashgraph will put 100 million euros into the project to support startups and entrepreneurs.
Other than funding, the partnership will promote education and innovation in emerging technologies in Morocco and across the region.
The Hashgraph Association, the non-profit organisation helping to develop and promote the adoption of the Hedera blockchain platform, and global telecommunications provider Orange, have teamed up to launch a new accelerator program in Morocco.
The collaboration seeks to provide education and funding opportunities to young entrepreneurs, startups, government projects, enterprises and universities, the two firms said in a press release shared with CoinJournal.
Hedera is a proof of stake network with the native token HBAR. One can buy HBAR on most major crypto exchanges.
The Hashgraph Association allocates €100 million to accelerator
Orange recently launched its startup accelerator Orange Fab in the country, and this partnership will build on that. Specifically, The Hashgraph Association brings its AGV High-Speed Accelerator to the Kingdom, with the goal of helping with the adoption of digital assets and decentralised finance (DeFi).
Commenting on the partnership, Kamal Youssefi, President of the Board of The Hashgraph Association, pointed out that invention often thrives where there’s education and collaboration. The partnership with Orange is therefore set to bring the benefits of distributed ledger technology to the community.
Towards this end, The Hashgraph Association has allocated €100 million ($106 million) to promote fintech and blockchain projects.
Members of the accelerator program will also access development and managerial support, with a global exchange program in place to spur further collaboration between innovators and businesses.
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