**Tether CEO Paolo Ardoino Introduces Exciting Solar-Powered Kiosks to Light Up Africa**
Tether’s CEO, Paolo Ardoino, has unveiled an inspiring initiative aimed at bringing electricity to communities across Africa through a network of solar-powered kiosks. Announced on March 2nd, this innovative solution seeks to address one of the continent’s most pressing issues: the lack of reliable electricity access. With nearly two-thirds of Africa’s population—over 600 million people—living without dependable power, Ardoino’s proposal has the potential to transform lives for millions. As of 2023, the electricity gap in Africa remains significant, with 600 million individuals still in the dark. Picture a kiosk in Africa, topped with solar panels, recharging hundreds of high-performance batteries and offering a monthly subscription service to the local community, payable in local currency, Bitcoin LN, or USDt.
The initiative focuses on establishing a network of solar-powered kiosks strategically located in underserved communities. Each kiosk is designed to foster economic growth, allowing users to subscribe to a flexible charging service with payment options that include local currencies, Bitcoin, or Tether’s stablecoin (USDT). This approach ensures that the technology is accessible to people from various economic backgrounds. Beyond just providing power, these kiosks will serve as educational hubs, offering resources on Bitcoin, financial literacy, and digital economic opportunities, effectively bridging the knowledge and technology gaps in both rural and urban areas.
**How the Plan Works**
Ardoino’s vision unfolds in two phases. The first phase aims to deploy 10,000 kiosks, with plans to scale up to 100,000 in the second phase. Each kiosk will be equipped with solar panels and batteries, delivering a sustainable energy solution for local communities. Additionally, these kiosks will act as distribution centers for goods and services. “Now execute to build 10k locations and then scale to 100k locations. Power up a continent. Build the biggest distribution network for any goods and services,” he stated.
**Mixed Reactions and Challenges in the U.S. Market**
The announcement has generated a variety of responses. Some, like Blockstream CEO Adam Back, have praised the initiative and offered to contribute educational content, while others have expressed concerns. Critics have raised questions about whether local residents can afford the subscription fees and whether the kiosks might be susceptible to theft or misuse. As Tether pursues global expansion, it faces increasing scrutiny in the U.S. The GENIUS Act, which aims to regulate stablecoins, calls for greater transparency from Tether, which has yet to undergo a full audit by a major accounting firm. Furthermore, the U.S. Treasury is investigating Tether for potential sanctions violations and connections to illicit activities, including funding for North Korea’s nuclear program and money laundering.
**Tether’s Broader Mission in Africa**
Africa, along with South America and Central America, has emerged as a key market for Tether, highlighting the company’s commitment to making a positive impact in regions that need it most.
