- The Hashgraph Association and Orange have partnered to promote digital asset and blockchain adoption in Morocco.
- Hashgraph will invest 100 million euros in the project to support startups and entrepreneurs.
- In addition to funding, the partnership will promote education and innovation in emerging technologies in Morocco and across the region.
Hashgraph Association, a non-profit organization helping to promote the adoption and promotion of the Hedera blockchain platform, and Orange, a global telecommunications provider, 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, both firms said in a press release shared with CoinJournal.
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Hashgraph Association allocates €100 million to the accelerator
Orange recently launched its startup accelerator Orange Fab in the country and this partnership will build on that. In particular, The Hashgraph Association brings its AGV high-speed accelerator to the Kingdom, which aims to help drive the adoption of digital assets and decentralized finance (DeFi).
Commenting on the partnership, Kamal Yousofi, Chairman of the Board of The Hashgraph Association, explained that innovation often thrives where there is education and collaboration. The partnership with Orange is therefore poised to bring the benefits of distributed ledger technology to the community.
Towards this, The Hashgraph Association has allocated €100 million ($106 million) to promote fintech and blockchain projects.
Accelerator program members will also receive development and managerial support, along with a global exchange program to advance collaboration between innovators and businesses.