El Salvador Introduces Bitcoin Course to Students as it Targets Mass Adoption
El Salvador heightened efforts to accelerate Bitcoin adoption in the country through its inclusion in the curriculum. The country’s efforts align to increase BTC uptake following its earlier decision to make it a legal tender.
Bitcoin Course Taught to El Salvador Students
El Salvador’s latest efforts to introduce a Bitcoin course within the classroom is informed by the need to overcome the extreme crypto winter where its BTC portfolio has declined by 60%.
The curriculum developers are in support of the policy makers view that Bitcoin education will translate to an increased adoption when the current students become adults. The young population is set to influence and shape El Savador’s competitiveness in using Bitcoin.
The revelation of a ten-week curriculum on bitcoin emerged through a viral clip capturing El Salvadoran teachers instructing students on the cryptocurrency. The clip shared via Twitter has the teacher illustrating to the students a practical demo on receiving BTC via Lightning network. Besides teaching receipt of in-bound transactions, the clip gives the students hands-on knowledge on nodes, BTC halving and double-spending.
My First Bitcoin Set to Inspire Mass Adoption
The educator is heard informing the students the project is bound for replication in other schools. Since the launch of the crypto education initiative dubbed My First Bitcoin, El Savador acknowledges the curriculum reaching 10,000 students in 2022. The government targets to expand 25 times to educate 250000 students by 2023.
The education program is targeted to lead BTC adoption in the country in years to come. The initiative is pegged to the 2021 decision by making Bitcoin a legal tender. In his address during the November launch of legal tender in 2021, President Nayib Bukele acknowledged leading the establishment of a property-tax-free zone and income city.
Bitcoin Office Launched
A year later in November 2022, President Bukele established the Bitcoin Office tasked with managing the crypto-related initiatives. He added that the special office will bridge meetings in parties involved in implementing blockchain in El Salvador.
The education project set to inspire mass adoption of Bitcoin in the country comes at a time when the country is holding 2458 BTC. However, crypto market slowdown has eroded 61.82% of the Bitcoins value plunging the country into a $67 million loss.
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