Gubernatorial candidate Terán has pledged to provide scholarships to citizens who wish to attend the Technical Training Center for Mining and Administration of Digital Crypto Assets
Teran Promises Scholarship for Crypto Training
A Venezuelan gubernatorial contender has pledged to provide scholarships to citizens who wish to attend the Technical Training Center for Mining and Administration of Digital Crypto Assets.
The effort was initiated by José Alejandro Terán, an aspiring governor who represents the country’s ruling party, as part of the La Guaira Digital program, which promises to accelerate growth and bring economic stability to the country.
Terán’s training center, according to Cointelegraph Spanish, would provide specialized training in nonfungible tokens (NFT), crypto mining, and trading to scholarship recipients. The National Superintendence of Cryptoassets (SUNACRIP), Axie Infinity Academy, the political party Independientes con Terán, and the youth of the United Socialist Party of Venezuela will also support the initiative (JPsuv).
Employment as a result of the Proposal
In addition to the crypto scholarship activities, the gubernatorial candidate envisions the creation of “a thousand employment” as a result of this proposal:
“I feel that by helping young people build multiple sources we ensure economic stability for their families. 1000 jobs in a year, write it down!”
Terán further stated that the training, which would be provided by Axie Infinity Academy, will cover network installation and repair, as well as cryptocurrency mining and trading. Venezuela is ranked seventh in the Global Crypto Adoption Index, according to data compiled by Chainalysis.
JP Thieriot, the CEO of crypto investing platform Uphold, recently spoke with Cointelegraph about the growing number of Bitcoin-based use cases in Latin America.
Thieriot also feels that adopting cryptocurrency rather than creating an in-house digital currency by a central bank makes more sense for smaller economies (CBDC).