Fastex Partners with Olympic Foundation to Foster Sports Development in Armenia

Fastex, an emerging player in the Web3 ecosystem, has forged a collaborative agreement with the Olympic Sports Charitable Foundation aimed at advancing sports development in Armenia. The memorandum of cooperation signifies a significant step forward for both entities, leveraging Fastex's diverse offerings including the Fastex Exchange platform, Fastex Pay cryptocurrency payment solutions, and the ftNFT marketplace.

As part of this partnership, Fastex has committed to earmark up to 5 million Fasttokens to bolster support for athletes who achieve top-three placements at official Olympic and Paralympic sports championships, as well as other esteemed global and European sporting events.

The collaboration is slated to extend until 2030, signifying a long-term commitment from both Fastex and the Olympic Foundation to uplift and empower athletes in Armenia. Notably, Fastex's platforms are already utilized by bookmakers, facilitating the seamless integration of cryptocurrency and tokens for payment purposes, thereby enhancing accessibility and convenience for users in the sports betting realm.

Through this strategic alliance, Fastex and the Olympic Foundation aim to foster a thriving sports ecosystem in Armenia while leveraging innovative technologies to drive positive impact and support the aspirations of athletes on their journey to sporting excellence.